Powerledger’s TraceX opens up Market Access for Renewable Energy Buyers

Powerledger,
an
energy
software
company,
 
has
introduced
a
new
feature
in
its TraceX marketplace,
enabling
organizations
to
purchase
Renewable
Energy
Certificates
(RECs)
directly
from
renewable
energy
generators.

This
new
feature
eliminates
the
need
for
businesses
and
organizations
that
buy
RECs
to
either
open
their
own
registry
account
in
a
REC
tracking
system
or
go
via
intermediaries
to
buy
RECs.
Instead,
they
can
directly
buy
and
retire
RECs
in
the
TraceX
marketplace
for
voluntary
claims,
offering
a
clearer
understanding
of
the
origins
and
costs
associated
with
RECs.

Traditionally,
buying
RECs
through
intermediaries
can
be
opaque,
leaving
buyers
with
limited
information
about
where
their
RECs
come
from
and
their
associated
attributes.
By
connecting
end
customers
directly
with
renewable
energy
generators,
TraceX
guarantees
full
transparency,
empowering
business
buyers
to
make
more
informed
decisions.

“Our
new
marketplace
feature
is
a
game-changer
for
businesses
committed
to
sustainability,”
said
Scott
Burns,
VP
Environmental
Commodities
of
TraceX.
“By
removing
the
need
for
a
registry
account,
we’re
opening
up
the
market
to
end
buyers
of
RECs
who
would
need
to
buy
via
an
intermediary.
Business
customers
will
now
have
unprecedented
clarity
and
control
over
their
REC
purchases,
promoting
 trust
and
accountability
in
the
renewable
energy
market.”

Key
benefits
of
the
new
marketplace
feature:

1. 
   
   Direct
   access
   to
   generators: Business
   customers
   can
   purchase
   RECs
   directly
   from
   specific
   projects,
   ensuring
   they
   know
   exactly
   where
   their
   renewable
   energy
   is
   coming
   from.
2. 
   
   Transparent
   pricing: The
   platform
   provides
   clear
   insight
   into
   the
   cost
   of
   RECs,
   enabling
   REC
   buyers
   to
   understand
   the
   true
   value
   of
   their
   purchases.
3. 
   
   Enhanced
   trust
   and
   accountability: All
   the
   REC
   attribute
   data
   for
   every
   bundle
   listed
   is
   available
   to
   the
   buyers
   ahead
   of
   REC
   purchases,
   fostering
   confidence
   and
   trust
   in
   REC
   transactions
   and
   meeting
   specific
   voluntary
   standards.
4. 
   
   User-friendly
   interface: The
   platform
   is
   designed
   for
   ease
   of
   use,
   making
   the
   process
   of
   purchasing
   RECs
   straightforward
   and
   accessible
   to
   all
   buyers,
   regardless
   of
   their
   experience
   level.

The
launch
of
this
marketplace
feature
marks
a
significant
step
towards
supporting
the
global
transition
to
renewable
energy.
By
making
REC
purchases
easier
and
more
transparent,
TraceX
helps
businesses
play
a
more
active
role
in
their
ESG
strategies.

“Although
the
US
voluntary
REC
market
is
projected
to
grow
at
a
steady
15.9%
annual
rate
from
2024
to
2033,
we
continue
to
see
challenges
related
to
transparency,
market
access,
and
the
risks
from
manual
REC
procurement
processes.
Our
new
marketplace
feature
is
one
of
the
many
ways
we
are
working
to
create
scalable
markets
that
meet
growing
sustainability
targets
without
compromising
on
transparency,”
said
Fiona
Tiller,
CEO,
TraceX,
Powerledger. 

………………………………………………………………………………………………………

About
Powerledger

Powerledger is
a
software
company
leveraging
blockchain,
AI
and
Web3
to
solve
pressing
energy
challenges,
enabling
customers
to
access
and
trade
cheaper,
cleaner
electricity.
Powerledger’s
software
and
features
work
alongside
the
existing
infrastructure
of
energy
systems,
enabling
greater
control
and
ownership
for
consumers
and
producers
alike.
 Power
utilities,
governments,
and
large
corporations
use
Powerledger’s
solutions
to
be
at
the
forefront
of
the
energy
transition
by
tracking,
tracing,
and
trading
every
kilowatt
hour
of
energy.
Headquartered
in
Zug,
Powerledger
is
recognised
as
one
of
the
top
50
companies
in
Crypto
Valley,
Switzerland.

About
TraceX 

TraceX by
Powerledger
is
an
environmental
commodities
marketplace
that
uses
Powerledger
Blockchain
to
add
transparency
in
renewable
energy
certificates
trading.
TraceX
is
used
by
generators
to
track
Environmental
Attribute
Certificates
(EACs)
from
issuance
through
to
sale,
transfer
and
retirement
for
the
end
buyer.
Companies
with
ESG
goals
can
track
ownership,
hold
certificates
for
resale,
or
retire
them
to
meet
annual
sustainability
targets.
TraceX
is
powered
by
cutting-edge
technology
to
improve
the
reliability
and
transparency
of
energy
credits.