FAQ

A Renewable Energy Certificate (REC) stands as a negotiable attribute denoting the generation of one megawatt-hour (MWh) of electricity from renewable sources, such as solar, hydro, and wind, and its incorporation into the electricity grid.

These resources adhere to internationally recognized standards, like the I-REC standard, ensuring their eligibility for REC issuance in proportion to the electricity generated. RECs encapsulate the environmental merits of renewable energy and serve as a means for organizations or individuals to fulfill their sustainability objectives concerning purchased electricity.

Renewable Energy Certificates (RECs) are structured as a market-driven mechanism intended to stimulate renewable energy generation by providing economic incentives. Each REC signifies the production of 1 MWh of renewable energy and encapsulates the environmental advantages associated with that specific renewable energy output.

REC registries electronically issue RECs based on the output of renewable energy generators. These certificates, along with their attributes and benefits, can be transacted either collectively or independently from the actual electricity generated by renewable sources. RECs stand as an effective and widely acknowledged approach to achieving carbon neutrality and fostering sustainability.

The REC Energy platform serves as an online marketplace facilitating transparent REC transactions of any scale, with reduced transaction costs, to advance sustainability goals. Leveraging blockchain technology and artificial intelligence, the platform ensures transparent validation of commitments on a public blockchain. This trading platform offers comprehensive services to our clients, including qualification of RECs by global registries, swift matching of buyers and sellers, post-sale ownership verification, and streamlined REC retirement.

Blockchain technology constitutes a decentralized, distributed, and publicly accessible digital ledger utilized for recording transactions across multiple nodes, preventing retroactive alterations without network consensus. This feature enables cost-effective verification and auditing of transactions, which is particularly advantageous for non-physical entities like RECs.

While physical electricity can be easily quantified, the same does not apply to RECs. For buyers committed to sustainability, ensuring undisputed ownership of RECs is paramount. By inscribing REC transactions onto the public blockchain network, ownership of individual MWh of RECs can be openly verified, instilling trust in green initiatives.

RECs furnish tangible evidence of renewable energy utilization from the grid, obviating the need for installing solar panels or other renewable energy infrastructure. This flexibility proves invaluable, particularly for businesses spanning multiple locations or lacking the resources for solar panel installation.

Furthermore, RECs offer substantial benefits for businesses by facilitating emissions reduction goals and fostering a deeper commitment to renewables. Increased demand for RECs spurs greater renewable energy generation, diminishing reliance on fossil fuels and promoting a greener, sustainable future.