Powerledger's TraceX opens up Market Access for Renewable Energy Buyers
2024年7月24日 - 1:05AM
Powerledger, an energy software company, has introduced a
new feature in its TraceX marketplace, enabling
organizations to purchase Renewable Energy Certificates (RECs)
directly from renewable energy generators.
This new feature eliminates the need for businesses and
organizations that buy RECs to either open their own registry
account in a REC tracking system or go via intermediaries to buy
RECs. Instead, they can directly buy and retire RECs in the TraceX
marketplace for voluntary claims, offering a clearer understanding
of the origins and costs associated with RECs.
Traditionally, buying RECs through intermediaries can be opaque,
leaving buyers with limited information about where their RECs come
from and their associated attributes. By connecting end customers
directly with renewable energy generators, TraceX guarantees full
transparency, empowering business buyers to make more informed
decisions.
“Our new marketplace feature is a game-changer for businesses
committed to sustainability,” said Scott Burns, VP Environmental
Commodities of TraceX. “By removing the need for a registry
account, we’re opening up the market to end buyers of RECs who
would need to buy via an intermediary. Business customers will now
have unprecedented clarity and control over their REC purchases,
promoting trust and accountability in the renewable energy
market.”
Key benefits of the new marketplace feature:
- Direct access to generators: Business customers can
purchase RECs directly from specific projects, ensuring they know
exactly where their renewable energy is coming from.
- Transparent pricing: The platform provides clear insight
into the cost of RECs, enabling REC buyers to understand the true
value of their purchases.
- Enhanced trust and accountability: All the REC attribute
data for every bundle listed is available to the buyers ahead of
REC purchases, fostering confidence and trust in REC transactions
and meeting specific voluntary standards.
- User-friendly interface: The platform is designed for ease
of use, making the process of purchasing RECs straightforward and
accessible to all buyers, regardless of their experience
level.
The launch of this marketplace feature marks a significant step
towards supporting the global transition to renewable energy. By
making REC purchases easier and more transparent, TraceX helps
businesses play a more active role in their ESG strategies.
“Although the US voluntary REC market is projected to grow at a
steady 15.9% annual rate from 2024 to 2033, we continue to see
challenges related to transparency, market access, and the risks
from manual REC procurement processes. Our new marketplace feature
is one of the many ways we are working to create scalable markets
that meet growing sustainability targets without compromising on
transparency,” said Fiona Tiller, CEO, TraceX,
Powerledger.
About PowerledgerPowerledger is a software
company leveraging blockchain, AI and Web3 to solve pressing energy
challenges, enabling customers to access and trade cheaper, cleaner
electricity. Powerledger’s software and features work alongside the
existing infrastructure of energy systems, enabling greater control
and ownership for consumers and producers alike. Power utilities,
governments, and large corporations use Powerledger’s solutions to
be at the forefront of the energy transition by tracking, tracing,
and trading every kilowatt hour of energy. Headquartered in Zug,
Powerledger is recognised as one of the top 50 companies in Crypto
Valley, Switzerland.About
TraceX TraceX by Powerledger is an environmental
commodities marketplace that uses Powerledger Blockchain to add
transparency in renewable energy certificates trading. TraceX is
used by generators to track Environmental Attribute Certificates
(EACs) from issuance through to sale, transfer and retirement for
the end buyer. Companies with ESG goals can track ownership, hold
certificates for resale, or retire them to meet annual
sustainability targets. TraceX is powered by cutting-edge
technology to improve the reliability and transparency of energy
credits.
Snehal Pawar
Marketing Manager
PowerLedger
pr(at)powerledger.io