Renewable Energy Certificate

Subtype

No asset of this subtype is currently listed on the Regen Atlas.

Definition: Renewable Energy Certificates (RECs) are assets that authenticate the production of one megawatt-hour (MWh) of electricity via renewable energy sources.

Description

RECs are a type of Energy Attribute Certificate (EAC), which is a “ transferable record or guarantee related to the amount of energy or material goods consumed by an energy conversion device in industrial production.” RECs seek to decarbonize electricity consumption by verifying renewable electricity origin, e.g. wind, hydropower, solar, geothermal, or repurposed waste material.

Envisaging the confluence of blockchain technology and RECs unfolds a panorama of prospective innovations and efficiencies within the renewable energy marketplace. Blockchain, with its decentralized, transparent, and secure ledger system, could streamline REC management, trading, and compliance processes, reducing administrative overhead and fortifying REC market integrity. REC tokenization enables each certificate to be uniquely identified, traded, and tracked throughout its lifecycle—all critical needs for a growing market whose participants include many distributed small-scale producers, consumers, and prosumers.

Example

Jasmine Energy enables the trading and pooling of tokenized RECs.

Jasmine Energy Platform