Unergy
  • β˜€οΈIntroduction
    • Abstract
    • Motivation
  • πŸ”ƒProtocol
    • Introduction
    • The uWatt: A stable currency collateralized in clean energy
      • uWatt reference value
    • Project origination
      • pWatt tokens
      • Project milestones
    • The Swap
      • Swapping pWatts into uWatts
      • External pWatt holders
      • Swap factor
      • pWatts β€˜outside’ the Reserve
    • Energy tokenization and generation tracking
      • Tracking of energy monetization
      • Renewable Energy Certificates (RECs)
    • Management of funds in the Reserve
      • Collecting project income
      • Operation and maintenance expenses
      • Liquidity pool funding
      • Depreciation compensation
        • Asset value calculation
        • Asset depreciation compensation
        • Avoiding overcompensation
      • Distribution of rewards
  • πŸ—³οΈGovernance
    • Overview
    • Choosing the cash flow discount rates
    • Protocol upgrades
    • Milestone validation
  • πŸ’‘Remarks
    • Types of projects
      • Self-consumption projects
      • Utility-scale solar energy Projects
    • Nature of the Unergy Protocol tokens
      • Nature of the uWatt token
      • Nature of the pWatt tokens
    • Incentives for funding Projects
  • πŸš’Risks and mitigation
    • Origination risks
      • Delays in the construction or procurement phase
      • Failure to install the Project
    • Real-world funds management
    • Project qualification
      • Technical feasibility
      • Financial feasibility
    • Installer qualification
  • πŸ““Miscellaneous
    • Protocol implementation
    • Definitions and terminology
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  1. Protocol

Project origination

The Project origination is the process by which new clean energy-generating assets are funded and eventually included into the Reserve. The origination of Projects can come from:

  • The acquisition of already operational projects, or

  • The creation or development of new projects by an Installer company going through a process of Engineering, Procurement and Construction (EPC).

In either case, the Protocol issues Project tokens (pWatts) and the funds to develop or purchase the project are collected as pWatts are sold through the primary marketplace.

The Protocol uses a milestone-based approach to automate the disbursement of the funds according to the fulfillment of technical requirements and the submission of evidence of the development or acquisition of the project.

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Last updated 1 year ago

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