Power2Peer is a Title III - Regulation Crowdfunding Campaign and is actively accepting investments.
$200.00 minimum investment

Power2Peer

Blockchain-Enabled Solar Power Solution

Small OPO
Boston, MA
Clean Technology
Accepting International Investment

Solar Power to the People!

Invest in Power2Peer

It’s time for a new approach. At Power2Peer, we believe that everyone deserves access to clean, reliable sources of energy. Across the country, demand for sustainable energy systems is constantly growing, as blackouts become more frequent each year. Globally, billions of people remain in the dark, dependent on poorly maintained infrastructure. Worse still for the environment are the billions more who rely on carbon-intensive fuel sources to power their lives.


Between the surging potential of renewable energy sources like wind and solar to address these issues, and the revolutionary power of blockchain technology to decentralize, we identified an opportunity to harness the force of the free market for the good of all. So we developed a way to bring solar power to the people: an adaptive solar microgrid system with blockchain-enabled peer-to-peer trading. With decentralized power, communities—and those who invest in them—win.  While energy blockchains are not a new concept, we believe the following points of differentiation show how Power2Peer’s approach differs from other energy blockchain platforms:


  • Disruptive business model which decentralizes power ownership – an Airbnb of power systems – connecting solar power producers with consumers using blockchain smart contracts and an easy-to-use mobile app – “P2PConnect”
  • Blockchain technology enabling the first ever Secure Software Defined Adaptive Controller for creating resilient solar power systems
  • Use of advanced Photonic Solar Conversion technology for building the most efficient solar microgrids (18% -> 28%)
  • Decentralized power granting energy independence for individual solar power owners
  • Creating jobs and improving the local economies of underserved and depressed regions by building an energy economy for all.


Power2Peer is combining blockchain technology with adaptive (“smart”) and super-efficient solar microgrids to create a marketplace where energy can be bought and sold by anyone. Rather than sending energy back to the grid at a fixed rate, solar producers can sell energy to their neighbors at fair market value. With this decentralized solution, individuals and communities will enjoy a more resilient grid, lower energy costs, and a lower carbon footprint. By taking a small fee from each transaction and for connecting microgrid networks, Power2Peer will demonstrate a business model that is sustainable financially and environmentally, stimulating local economic growth along the way.

Power2Peer has developed a Minimum Viable Product - the P2PConnect App for the demonstration of integrating an Ethereum blockchain platform with a front-end mobile user interface and a back-end software-defined smart controller which in turn connects to solar microgrids. The P2PConnect App is a functional demonstration only and not a working product yet. 


The resilient software-defined controller software platform secured with the blockchain transaction engine is the invention of Power2Peer. We have filed an application for a provisional patent for this technology which we believe will become an important component of resilient solar microgrids.


Power2Peer is also building a solar microgrid in Burlington, MA, to demonstrate the operational efficiency of the proposed "blockchain-enabled resilient solar microgrid."


The demonstration plot will employ 60 solar panels divided into four subgrids of 15 panels connected with a junction box which will use IoT sensors for the generation of power from each subgrid.  The junction box will send information to the software-defined network controller for real-time reconfiguration of power grids to demonstrate the effectiveness of the microgrid. The demonstration project will be completed by September 30, 2018.

 

For us, Power2Peer is more than just business–it’s personal. Our team comes from India and Nepal and has connections to Nicaragua, countries that have in recent years been devastated by natural disasters and the resulting power outages. We know all too well the human costs of our aging electricity infrastructure. We are committed to bringing about an equitable, environmentally friendly solution and encouraging everyone to participate.

 

And so we turn to you, StartEngine investors. Join our team, and help us empower people to take control of their energy. It’s time for the grid to enter the 21st century. Invest today and help us bring solar power to the people.

(Sources: 1, 2, 3, 4, 5)

The Offering

Investment

$2 / share of Common Stock │When you invest you are betting the company’s future equity value will exceed $16.1M.


$200 Minimum Investment 

For details on the bonus, please see the Offering Summary below.

The Pitfalls of Centralized Power

To power our lives, most of us depend on a centralized grid operated by utility companies and supplied by carbon-intensive generation. In recent years, some homeowners have taken advantage of decreasing costs and government incentives to equip their houses with solar panels. Yet renters and low-income households, not to mention owners of buildings with shady rooftops, are locked out of this market for solar power. And even those who can produce their own energy are limited in how much they can do with it. Surplus solar electricity is either wasted or producers are required to sell it back to the main grid.

 

To make matters worse, this centralized system that we all depend on isn’t particularly dependable. According to the US Department of Energy (DOE), the US suffers more power outages than any other nation in the developed world. As weather becomes more erratic, the grid’s fragility is only going to become more of a problem. 

The Way Forward is Peer-to-Peer (P2P) Power

At Power2Peer, we are providing an alternative to this centralized system that will empower people to take control over where their energy comes from and how it is used. And when people are empowered, everyone wins—even traditional grid operators.

Our Blockchain-Enabled Adaptive Solar Microgrid Systems

The key to Power2Peer’s solution is our combination of groundbreaking technologies—blockchain complements the Internet of Things, and Big Data, which all combine to perform a critical service to the energy industry. Without getting into the nitty-gritty (which can be found in our whitepaper), our solution will look like this:

 

Blockchain technology will enable solar energy to be bought or sold by anyone, using a new cryptocurrency called ElectroToken. These peer-to-peer transactions will utilize smart contracts, in which buyers or sellers can program predefined preferences for when they want to buy and sell, at which price, etc. Blockchain ensures that this whole process is automated, transparent and secure.

This energy will be generated by solar-powered nanogrids and microgrids, which are basically small collections of electricity sources and loads that operate independently of the main grid.


Moreover, Power2Peer systems will utilize an array of adaptive controllers and smart devices capable of collecting and sending real-time power generation data. Our devices and grids talk to each other, allowing our system to adapt to current conditions.


On top of all this, through a partnership with SunDensity, the inventors of cutting-edge Photonic Solar Conversion (PSC) technology, Power2Peer offers the added benefit of PSC coating, which has been shown to generate 20+% more power when applied to average solar panels.

 

Bring this futuristic tech together and you get Peer2Power’s blockchain-enabled adaptive solar microgrid system.  


By decentralizing electric generation through peer-to-peer transaction, adaptive controllers with built-in Ethereum protocol, and highly efficient solar grids, Power2Peer is reshaping the renewable energy industry.

COMPONTENTS: 1. PV Array, 2. IoT Device, 3. Microinverters, 4. Batteries, 5. Generator, 6. Grid

The Power2Peer Advantage

We are not alone in our mission to create a decentralized network of solar microgrids. Over the past few years, several initiatives have sprung up to meet increasing consumer interest in clean energy and demand for reliable energy sources. Some, like us, are building  energy blockchain platforms to create opportunities for consumers to take control.


What Sets Us Apart:

Connecting Communities

Our physical network of microgrids and energy trading market energizes and connects communities  with a shared sense of purpose.

Advanced Technology

Power2Peer brings together a unique combination of a fit-for- purpose adaptive controller, smart inverters, cloud and data analytics paired with blockchain.

Scalable Architecture

The architecture of the adaptive solar microgrid system is enabled, from the beginning, with Big Data capacities and analytics in the cloud.

Photonic Solar Conversation (PSC)

Our adaptive solar microgrids use photonic solar conversion panels that generate 20+% more power than garden variety panels.

 


And we are already gaining recognition. Power2Peer has the support of the New England Clean Energy Council (NECEC), an important player in the solar microgrid space in Boston, New England, and New York. Power2Peer is working closely with Alistair Pim, Vice President of Innovation and Partnerships, who serves on the advisory board of Power2Peer. The founder of Power2Peer, Dr. Nish Sonwalkar (ScD, MIT) serves on the policy committee of the NECEC.  The policy committee provides leadership in shaping federal, state and city governing bodies to enable wide-spread adoption of solar microgrids.


Our Market Prospects Are Bright

In the US, there are clear signs that demand for an alternative energy system like Power2Peer’s is heating up.

 

Take for instance, the rising demand for solar cells. In 2016, new solar cell (PV)  installations in the U.S. totaled 12.5 GW, and is expected to continue growing over the next few years. 

 

Also consider that the energy storage sector experienced growth of 55% from 2016 to 2017, reaching close to 300 MW. This figure is expected to skyrocket to 2.5 GW by 2022. As greater storage capacity is developed, the value of high-efficiency renewable generation and transmission systems will skyrocket. 

 

Finally, the market for microgrids, already a billion dollar industry, is poised to take off. Valued at nearly $17 billion in 2015, the microgrid market is expected to reach $39 billion by 2022. Nearly three quarters of that revenue is expected to come from North America. 

Sources: Bloomberg New Energy Finance; GTM Research; ESA US Energy Storage Monitor; Markets to Markets

Now is the time to start building  adaptive solar microgrid systems. There are many markets that are ideally suited for Power2Peer systems.

To name a few:


  • Schools
  • Malls
  • Community Centers
  • Urban and Rural Neighborhoods

A Sustainable Business Model

Power2Peer has the potential to realize ecological and economic sustainability simultaneously.

We will do this by creating a marketplace for clean power, allowing us to generate revenue through small transaction fees for trading energy on the blockchain, the connection of microgrid systems, the sale of solar power, and ElectroToken trading.

 

Our financial estimates indicate that we will be cash positive and generate up to 63% net profit by the end of the life cycle of one of our systems. If we hit our initial deployment goal of 28 cities generating 1 MW each, there will be a cumulative profit of $76 million over five years with a cumulative cost of power with the subsidy (COGS) of $840,000 and a cumulative cost of installation and operational expenses of $44,140,000.

 

At the same time, we calculate that our systems will eventually reduce nearly 600,000 metric tons of emissions by more fully utilizing and expanding the usage of solar. To put this into perspective, according to 2016 statistics, US electricity generation is responsible for 1.8 million metric tons of carbon.

 

Together we can make a big difference while building an economically viable company and reducing carbon emission to save our environment from catastrophe.  

Our Brainpower

Power2Peer is powered by some of the top talent in the renewable tech industry.

Dr. Nish Sonwalkar, our founder and Chief Evangelist, was captivated with solar technology as a child growing up in India. He has since devoted over 25 years to the development of innovative technologies, eventually becoming the Principle Research Scientist at MIT before founding Power2Peer.

 

He is supported by a diverse and experienced team with backgrounds in energy, blockchain, mechanical engineering, and communications. Many of us come from countries and regions without resilient sources of power. As such, we understand intimately the stakes of this work. And we are driven to make our solution a reality.

 

Invest Today and Join Us!

It’s time to update our aging electricity architecture.

 

At Power2Peer, we believe that the key to achieving this lies in empowering communities and individuals who are increasingly calling for clean, resilient sources of energy. We have developed our blockchain-enabled adaptive microgrid system to do just that.

 

Now, we want you to become part of our movement—because it’s about empowering people like you. Invest today and help us bring clean power to the people.

Offering Summary

Maximum 50,000* shares of common stock ($100,000)

*Maximum subject to adjustment for bonus shares. See 10% Bonus below

Minimum 5,000 shares of common stock ($10,000)


Company
Power2Peer Inc.
 

Corporate Address
100 Morrissey Boulevard, VDC Suite 166, Boston, MA 02125
 

Description of Business
Blockchain Innovation for Energy Independence
 

Type of Security Offered
Common Stock
 
Purchase Price of Security Offered
$2 per share
 

Minimum Investment Amount (per investor) 
$200











The 10% Bonus for StartEngine Shareholders

Power2Peer Inc. will offer 10% additional bonus shares for all investments that are committed by StartEngine Crowdfunding Inc. shareholders (with ≥ $1,000 invested in the StartEngine Reg A+ campaign) within 24 hours of this offering going live.

StartEngine shareholders who have invested $1,000+ in the StartEngine Reg A+ campaign will receive a 10% bonus on this offering within a 24-hour window of their campaign launch date.  This means you will receive a bonus for any shares you purchase.  For example, if you buy 50 shares of Common Stock at $2.00 / share, you will receive 5 Common Stock bonus shares, meaning you'll own 55 shares for $100.   Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid for one year from the time StartEngine Crowdfunding Inc. investors receive their countersigned StartEngine Crowdfunding Inc. subscription agreement.

Irregular Use of Proceeds

The Company will no incur any irregular use of proceeds.

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Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$114,020.00 USD
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Cash And Cash Equivalents
$0.00 USD
$0.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$0.00 USD
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Long Term Debt
$0.00 USD
$0.00 USD
Revenues And Sales
$0.00 USD
$0.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
$0.00 USD
$0.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


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