M-RETS, United States - Power Ledger
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M-RETS, North America

TraceX

A blockchain-enabled REC marketplace in partnership with Midwest Renewable Energy Tracking System.

Project summary

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.

“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.”

M-RETS Executive Director Benjamin Gerber

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