Yesterday, the Energy Web Foundation (EWF) announced it completed the initial development of an international renewable energy certificate (I-REC) trading marketplace in Central America. Salvadorian energy retailer Mercados Eléctricos worked with the EWF to build and pilot the blockchain trading platform.
EWF has more than a hundred high profile affiliates and its platform is used by the likes of Duke Energy, Equinor, Siemens and Total.
In May, Mercados Eléctricos (MERELEC) joined as a validator node for the EW Chain, the public blockchain created by EWF. MERELEC has a significant presence in El Salvador, Guatemala, Panama, Mexico, and some other Central American countries. The company has commercialized almost 2,000 GW through its projects.
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