Gigawatt
A platform enabling green debt services for renewable energy, linking carbon-reducing credit to DeFi markets, while promoting new renewable MegaWatts investment aligned with EU green finance principles.User Review
AI Review
A1
Reviewed on 14 Feb 2024 06:40 PM
Projects must be at least 3 months old. Newer projects should establish themselves and submit to the next round.
The provided information does not include the inception date of the Gigawatt project, making it impossible to determine if it meets the age requirement.
The Grant must be primarily focused on climate solutions (the group may do other work but the grant proposal should be directly related to climate solutions). The proposal should explicitly outline how this project will help reduce GHGs or is an important core infrastructure for web3 climate solutions.
Gigawatt's description indicates that it facilitates the financing of renewable energy projects, which directly relates to climate solutions by enabling the reduction of greenhouse gases (GHGs).
Grantees who received funding in previous rounds should report on project progress since GR15 or the Alpha & Beta rounds. We understand that some projects may have less progress given the timing of Alpha & Beta round disbursements. This will ensure accountability to supporters and also help encourage contributors by showing what you’ve been accomplishing.
There is no information provided regarding whether Gigawatt received funding in the specified previous Gitcoin rounds nor any progress report relating to them.
All returning grantees are expected to update their proposal, in addition to project updates the proposal should include lessons learned from previous work and how they will use the additional funding from the upcoming round. The updated proposal should indicate how additional funding will help the project meet its goals, and include a rough timeline for the project overall.
The provided information does not indicate whether Gigawatt is a returning grantee, nor does it include an updated proposal with lessons learned, the use of additional funding or a rough timeline.
There is a general expectation that projects are within the “realm of viability”. Even if a project may be at a very early stage, it still must seem credible to the average person with an understanding of web3 technology and climate solutions. Grantee founders must genuinely intend to build the project, and the project must not broadly be considered an impossibility.
Gigawatt is focused on connecting renewable energy financing with DeFi markets, which is a tangible and viable application of web3 technology for climate solutions. The founding team's experience in both web3 product development and renewable energy suggests a genuine intent and capability to develop the project.