Power Ledger has partnered with the Midwest Renewable Energy Tracking System (M-RETS) to launch a Renewable Energy Certificate (REC) marketplace in the United States.
Power Ledger’s platform will help reduce costs associated with the buying and selling of RECs within M-RETS, which issues over 100 million annual RECs.
The project is part of the first phase of Power Ledger’s partnership with renewable energy developer, owner, and operator Clearway Energy Group.
How the technology works
M-RETS tracks generation from renewable resources across all of North America, serving as a trusted centralized gateway to compliance and voluntary environmental markets to make it easier to track RECs through one system.