Accessing energy is one of the most crucial factors in a better quality of life. However, billions of people globally do not have access to reliable and clean energy. By turning to distributed energy solutions, it can help to empower communities both figuratively and literally. Besides that, it will reduce their reliance on fossil fuels, thus mitigating the effects of climate change.
ImpactPPA developers identified the major problem that holds back communities from accessing resources, the current legacy financial system. This system has a firm control on who can access capital and how it is distributed. The developers were able to resolve this issue via the use of the blockchain to effect the change they want to see in the world. This will also enable communities to rise out of poverty and move forward.
By utilizing the technology of smart contracts that run on the blockchain, the developers are helping to get rid of bottlenecks created by the legacy financial system. This includes government agencies, NGOs, and many other centralized organizations. With ImpactPPA, the energy funding process can be immediate and impactful. It will help to decentralize Power Purchase Agreements and eliminate the layers of intermediaries between the funders and consumers of the energy.
The good thing about this technology is that it is scalable. The smallest village or a single entrepreneur can utilize the technology. A major utility company can also use the same system. Everyone will be able to access the platform with ease, thereby accelerating the process of electrifying remote corners of the earth.
Why Impact PPA Is Important
The global market for renewable energy is large. However, it has mostly remained untapped. With the use of ImpactPPA, consumers, and capital can be connected in a way that was not possible before the invention of the blockchain. Besides that, this new approach is fast and efficient.
How Impact PPA Renewable Energy Platform Will Operate
In the first stages, the developers intend to execute on their existing PPAs, contracts, and their letters of intent. This will be deployed to select green energy projects globally. However, it intends to be a global platform that can accommodate all types of social goods. However, it all has to start will clean electricity.
More About Impact PPA
It is based on the Ethereum platform. It will sell the MPAQ Token to fund the projects. It will also sell the GEN Credit, which will be used by power consumers of the electricity generated from green sources. Those who hold the MPAQ Token will have a right to vote on proposed projects that the company wants to fund.
30% of net revenue will be directed to the GEN Pool. As long as the GEN Poll remains below $100,000, the money will be used to buy MPAQ Tokens. The rest of the net revenue will be used to fund future projects. The results will be an ecosystem, which has a positive impact on the world. The GEN Credit will be sold to consumers, which they use to purchase power generated by the green energy projects.