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.
“M-RETS’ partners were seeking a mechanism to support the transactional process associated with REC marketing and settlement.
Power Ledger’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.”
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.
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.