On June 28th Australian blockchain firm Power Ledger
announced its partnership with
Clearway Energy Group to build Renewable Energy Certificate (REC) trading software. California-based Clearway is a major renewable energy developer and operator.
In most U.S. states electricity firms have mandatory clean energy targets. It is common practice for them to trade RECs to ensure those targets are met, as the certificates count as proof of the electricity’s renewable origin.
The growing REC market is said to be worth over $3 billion per year. However, trading the certificates can be complicated and challenging to track.
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