Trace – Power Ledger
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Trace

Track and record environmental attribute certificates more efficiently.

What is Trace

Trace is a Power Ledger platform feature that provides a digital registry for tracking and recording of environmental commodities such as renewable energy certificates and carbon credits.

Power Ledger’s platform can be used by market regulators and registry operators that seek to make the existing processes more efficient and secure. The platform can also then be used by generators who have assets with production they need to verify and issue credits for.

Owners of renewable energy assets can issue credits faster and more efficiently.

How does Trace work?

Trace is a digital registry where users can efficiently track and record generation from environmental assets that can be turned into renewable energy certificates.

Trace enables generators to log on and start registering assets and issuing RECs, and for them to also easily retire RECs. The platform takes care of the rest.

Customer benefits

  • Traceability of energy: easier to trace and verify energy sources.
  • Enhanced auditability: creates an immutable record of transactions providing guaranteed verification of ownership.
  • Streamlined issuance: Simply submit generation data to the platform and the evaluation and issuance is automated.
  • Your data, your way: Access your data and export it into your ETRM system with ease.

Benefits to project developers

  • Certainty: Digital assets in blockchain cannot be duplicated or retired and also sold.
  • Shared record: relevant parties can verify the existence of assets and any associated transactions on the blockchain independently.
  • Get paid, fast: We do the heavy lifting behind the scenes to issue the RECs you generate and ensure you can start trading them sooner.

Essential requirements

  • Be an electricity market regulator or environmental attribute certificates registry operator.

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