Green Power Exchange
The GPX Platform enables simple Peer-to-Peer energy trading. Producers can easily pre-sell their power at a better rate while allowing consumers to buy their power directly for significantly less. They are creating a hyper-efficient renewable energy market place to turbocharge clean energy deployment and push out fossil fuels. Be on the right side of history.
The global power market is currently $2.2 trillion annually. However, today’s method forpurchasing power at a wholesale and consumer level is inefficient and stuck in a different age:multiple intermediaries, black box exchanges and legal structures are involved that contribute to a bloated and slow-moving process. Consumers, large and small, mostly do not have an economical, legal or practical way to buy electricity on their own. Developers and independent owners of power projects are forced to rely on the utility to sell their power. GPX aims to eliminate these wasteful steps and inefficient intermediaries, and introduce a simple, easy to use, and most importantly, streamlined peer-to-peer (P2P) platform to buy and sell power. Since consumers’ power prices are significantly above current solar and wind production costs, and direct PPAs are already feasible in many deregulated jurisdictions, linking the two in a simple way will result in significant cost savings for consumers. By cutting out the middleman through the GPX platform, producers will receive higher prices. Saving money on the power bill will be as easy as buying a token.
The transaction applications will be accomplished through the implementation of standardized Smart Power Purchase Agreements and Proof of Ownership Smart Contracts that will auto execute once the required conditions are met and be posted to the public ledger.
In terms of real world application and market penetration, GPX has immediate access to thelargest power markets globally, with eight US states, Canada, and four major European markets, accounting for over 180 million consumers. With more than 62 projects secured at this stage for development and construction in these markets, and ready to be put on the GPX platform, as well as a roadmap to add significantly more partners, we feel strongly about achieving major developed power market dominance. Most importantly, GPX’s founders have built successful, profitable companies in the past in technology and energy, giving GPX a significant head-startover any other competing platform.
Simply put, the combination of blockchain, smart contracts and the tokenization of energy trading will revolutionize the way we purchase electricity. This is a huge market in the power sector alone. Add to it that independently-owned solar and wind plants are now producing energy
cheaper than market rates in almost every country, and the potential for disruption is massive. With the launch of this paper, we set out to directly connect producers and consumers via P2P, with immense cost savings on both sides.
They are creating an easy-to-use P2P energy trading platform that will further turbocharge cheap, green energy deployment and save consumers money. Be on the right side of history.
|“||Q1 2018: Product Design & Development
Write & Design White Paper
Develop Marketing Website & KYC Solution
Develop Smart Contracts for GPX Token
Develop GPX Platform Demo
Q2 2018: Marketing & Pre-ICO Launch
Launch white paper and marketing website
Solution Design Phase for the GPX platform
Q3 2018: ICO Launch & Platform Development
Development of MVP
Structure marketing rollout and set up business development team
Add additional solar developers and power companies for 100-300 MW (approximately 120,000,000 - 360,000,000 kWh)
Q4 2018: Application Development
Development of full-scale platform based on MVP
Add additional solar developers and power companies for 200-600 MW (approximately 240,000,000 - 720,000,000 kWh)
Hire and expand senior team
2019: Launch of GPX Platform
Finalize trading platform development
Launch of full-scale GPX platform
Improve and enhance GPX platform based on user feedback
Add additional solar developers and power companies for 300-900 MW (approximately 360,000,000 - 1,080,000,000 kWh)
Engage first wind developers to come onboard
Develop additional application on top of existing GPX platform
Engage first battery and storage developers to come onboard
Expansion to Asia and other developing markets
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