ImpactPPA announces blockchain platform to disrupt energy finance
Decentralized energy platform company, ImpactPPA today announced the launch of its blockchain technology to disrupt renewable energy finance and accelerate global clean energy production. ImpactPPA’s platform and tokenization model allows users of the software, the “SmartPPA,” to rapidly fund and deploy clean energy solutions, including wind and solar, by using the crowd and the blockchain to manage and track generation data and transactions with a new energy currency, the NRG token.
ImpactPPA is deploying a 2-token model for energy finance and consumption. The base token, or MPAQ, is utilized as a value token for MPAQ community members to fund projects around the world. The NRG token is purchased by consumers of energy, creating a global energy currency that is directly coupled to the generation of clean renewable energy.
The SmartPPA gives access to the estimated 16 percent of the world’s population that do not have a reliable source of energy. By allowing users the ability to create their own Power Purchase Agreements (PPA) which are submitted to the blockchain platform for approval and funding, ImpactPPA’s global energy platform streamlines the process of energy finance.
The SmartPPA reduces cost and improves efficiency by removing the existing layers of legacy banking and NGO decision making, dramatically reducing the time it takes to get from project funding to energy production. By leveraging the Ethereum blockchain and smart contracts, anyone in the world can now participate in establishing renewable energy production with secure, transparent transactions.
Clean energy production has been stymied by the old, traditional system of energy finance, and with the rise of the blockchain and decentralization we can now take the control of energy projects out of the hands of an old bureaucratic system and empower individuals and communities, leading to lasting positive change,” said Dan Bates, CEO of ImpactPPA. “Off-grid, distributed solutions are the future of renewable energy production and a huge step forward in mitigating climate change. ImpactPPA is leading the way with our scalable model, leveraging the most groundbreaking technologies available today.
Participation in the ImpactPPA platform will be accessed through the MPAQ token. By purchasing MPAQ tokens, purchasers will have a voice in a community of individuals that are engaging in social and environmental good. MPAQ tokens will be available through a public token sale beginning November 15, 2017.
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