Clearway Energy Group, United States

Location

Power Ledger Platform Features

Client Summary

Power Ledger is applying our proprietary technology to the evolving market for trading digital energy commodities partnering with Clearway to develop a platform to trade Renewable Energy Certificates (RECs) in the US.

"We believe blockchain trading technology can significantly improve the efficiency of the market for RECs in the U.S. by linking transactional functions within a common platform.
We are excited to partner with Power Ledger to deliver a fully integrated, scalable, and low-cost solution."
Monique Menconi
Clearway VP of Asset Management

Power Ledger is applying our proprietary technology to the evolving market for trading digital energy commodities partnering with Clearway to develop a platform to trade Renewable Energy Certificates (RECs) in the US.

Power Ledger will track RECs on a blockchain ledger system from the point of creation, sale and transfer to the buyer, through to the point of retirement of the certificate and the annual sustainability audit.

$3 billion

estimated market size for RECs in the United States.

1 MWh

of electricity was from an eligible renewable energy resource.

29 states

require electricity companies to use a portion of electricity from a renewable source each year.

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