What is TraceX?
Power Ledger’s TraceX platform feature is a digital marketplace for trading and settlement of environmental commodities such as renewable energy certificates and carbon credits. It can connect to existing certificate registries or utilise Power Ledger’s Trace registry feature.
Power Ledger’s platform can be used by generators who have certificates to sell. The platform can be used by utilities that seek to buy certificates to acquit against regulatory obligations. It can also be used by companies seeking to buy certificates because they have made public commitments about sourcing their energy from renewables.
Owners of solar and wind farms can sell credits faster with low transaction costs. Buyers can buy and settle efficiently.