SP Unveils Blockchain-Powered Renewable Energy Certificates Marketplace

SP Group presented one of the world’s first blockchain powered marketplace platform that will promote the transaction of renewable energy certificates (REC) – tradable certificates of energy generated by renewable sources. The world-wide preview took place in Berlin on 19 April at Event Horizon, a global energy sector blockchain summit.

This platform enables companies and individuals to trade RECs in a simple, secure and cost-effective manner. It helps corporates achieve their sustainability goals by ensuring that the electricity they consume comes from renewable sources. The platform will encourage a greater integration of renewable energy sources onto the electricity grid, by enabling “green conscious” homeowners to market their RECs easily and conveniently.

— 27 June 2018