Power Ledger Pioneers Renewable Energy Certificate Marketplace

Power Ledger Pioneers Renewable Energy Certificate Marketplace

By Abhimanyu Krishnan | News | 25 Aug 2020

Green energy focused project Power Ledger (POWR) will soon launch a marketplace for trading and issuing Renewable Energy Certificates (REC), as announced in a blog post published on August 25. 

  • Power Ledger has tightened its partnership with Thai energy company BPCG to expand its REC marketplace to Thailand and the ASEAN region
  • Power Ledger and BPCG first collaborated in August 2018 to bring a renewable energy trading trial to the T77 urban precinct in Bangkok
  • RECs are tradable, non-tangible energy commodities that certify that 1 megawatt-hour (MWh) of electricity was generated from an eligible renewable energy resource
  • Other organizations are also involved discussions, seeking to be a part of the effort
  • BPCG’s RECs can be issued and traded, with the Power Ledger blockchain storing the information
  • Executive Chairman and co-founder of Power Ledger Dr Jemma Green compared the REC process to buying a concert ticket and added that “organisations want to ensure any REC purchased hasn’t already been used, as well as settling that transaction quickly”
  • The team is also looking into bringing the technology to the United States

Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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