Power Ledger has announced a partnership with renewable energy developer, owner, and operator Clearway Energy Group (“Clearway”) to develop a platform, using blockchain technology, to trade Renewable Energy Certificates (RECs) in the United States.

Power Ledger said that it will be able to track RECs on a blockchain ledger system from the point of creation, sale and transfer to the buyer, through to the point of retirement of the certificate and the annual sustainability audit

“We believe blockchain trading technology can significantly improve the efficiency of the market for RECs in the U.S. by linking transactional functions within a common platform,” said Clearway Energy Group vice president of asset management Monique Menconi.

Bloomberg reports (story here) the partnership will start with a pilot in Massachusetts

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