KWHCoin, a blockchain-based renewable energy startup, has partnered with California-based Mavericks Renewables, which would allow KWHCoin to work on renewable energy projects in the Cape Fear region.
, which tokenizes renewable energy that can be traded and sold through an online wallet, will provide blockchain technology services to Mavericks Renewables, Girard Newkirk, CEO and founder of KWHCoin, said in an email.
“KWHCoin blockchain technology will be used for energy tracking, renewable energy verification, carbon offset tracking, virtual power plant network security and energy asset management,” Newkirk said. “KWHCoin and Mavericks Renewables will also partner in order to develop full-scale renewable energy projects including solar, wind, electric vehicle charging stations, biodigesters and other energy as service models.”
Biodigesters convert waste into energy, according to the University of California Division of Agriculture and Natural Resources.
Mavericks Renewables is a renewable energy finance and development company, according to its website.
It provides funding for renewable energy projects, designs virtual power plants and develops carbon-neutral communities, Newkirk said.
Virtual power plants are made up of solar panels, batteries and computer software that store excess power and release it to buildings or the energy grid when needed, according to Mavericks Renewables.
Mavericks also assists municipalities, businesses and manufacturers with lowering cost of energy and building sustainable, net-zero developments, Newkirk said.
The partnership originated from a relationship between KWHCoin and Bill Shevlin, founding partner and CEO of Mavericks Renewables, who was initially an adviser for KWHCoin.
Newkirk said both companies have the mission to transition into a green energy future and a focus on lowering the cost of energy and making existing infrastructure more efficient and sustainable.
The partnership will allow KWHCoin to provide end-to-end energy solutions for renewable energy projects, he said.
“Whether it is rooftop solar, energy storage, biodigesters or windmills, we now have the capability to develop projects here in the Cape Fear region and all across the world,” he said.
KWHCoin, which is housed at tekMountain and has three employees, will be able to grow through this new affiliation, Newkirk said.
“This partnership is significant because it transitions KWHCoin from a blockchain startup to an end-to-end renewable energy services firm that can provide a host of services here in the Cape Fear Region,” he said. “It also gives us the operational capabilities to scale globally.”