Power2Peer

Power2Peer

Blockchain-Enabled Solar Power Solution

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Security Type
Equity
Categories
Energy
Min Investment
$200
Location
Boston, MA
Offering Date
August 09, 2018
Expected Close Date
November 08, 2018
Target Raise
$10.00K-$100.00K
Deal Notes
  • Type of Security Offered: Common Stock
  • Purchase Price of Security Offered: $2 per share
  • Minimum Investment Amount (per investor): $200
  • Maximum 50,000* shares of common stock ($100,000)
  • Minimum 5,000 shares of common stock ($10,000)
Valuation
$16,100,000

Company Description

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. 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.

Key Deal Facts

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.

Use of Proceeds

  • R&D and production
  • Legal and accounting fees
  • Staff salaries

Management Team / Advisory Board Bios

Dr. Nish Sonwalkar
Founder, Chief Evangelist, and Director
Inventor and Entrepreneur, has over 25 years of experience in the development of innovative technologies related to solar thermal applications, open-cycle ocean thermal energy conversion (OC-OTEC) evaporators and molecular dynamics of energy materials and nano-interfaces, such as Si and copper interfaces and optical coatings. As the former Principal Research Scientist and faculty at MIT, he developed the combined molecular dynamics (MD) and laser Raman spectroscopy methodology for the design of new material interfaces. He has also served as PI on numerous NSF research and SBIR awards related to surface science and educational technology.

Eric MacDonald
Director of Technology
Eric MacDonald is a software architect with experience developing scalable and efficient platforms for blockchain technology. He is a key architect of the Adaptive 2.0 platform for EdwiseTech Inc., using both J2EE and LAMP stacks. Specific to the commercialization of the Power2Peer blockchain platform, Mr. MacDonald is responsible for leading the developers in creating a robust platform, performing quality assurance, and troubleshooting problems.

Mamta Sonwalkar
Director and VP of Operations
Mamta has over 20 years of experience in the development of software solutions for publishing, education and information technology and embedded software development. She is an expert in agile development processes and has successfully developed and deployed adaptive learning, LMS, and LCMS platforms. She will be in charge of the Power2Peer Boston’s Ethereum based platform for blockchain innovations. She has a degree in computer science and an entrepreneurship certificate from the MIT Enterprise Forum.

Deal Notes

  • Type of Security Offered: Common Stock
  • Purchase Price of Security Offered: $2 per share
  • Minimum Investment Amount (per investor): $200
  • Maximum 50,000* shares of common stock ($100,000)
  • Minimum 5,000 shares of common stock ($10,000)
Amount Raised : $86,336
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