M-RETS, United States

Powerledger has partnered with the Midwest Renewable Energy Tracking System (M-RETS) to launch a Renewable Energy Certificate (REC) marketplace in the United States.

In the numbers

Case study overview

Powerledger has partnered with the Midwest Renewable Energy Tracking System (M-RETS) to launch TraceX - a digital marketplace for trading Renewable Energy Certificates (RECS) in the United States.

TraceX is fully integrated with M-RETS, the largest voluntary REC registry in North America. Users are able to link their M-RETS account and import RECs to the marketplace once the link is established. Successful purchases in the marketplace are updated directly through to their M-RETS account.

Being blockchain-enabled, TraceX captures data pertaining to import and export trades, change in ownership and retirement events of environmental
attributes on a proprietary distributed ledger — providing an immutable and verifiable audit trail.

M-RETS Executive Director

Benjamin Gerber

"M-RETS’ partners were seeking a mechanism to support the transactional process associated with REC marketing and settlement. Powerledger’s technology was clearly the best solution; its success has been proven in a number of energy markets and their technology is already in use in North America."

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