Climate Changed
Clearway Energy to Test Using Blockchain for Trading Renewable Energy Credits
- Clean power developer working with Power Ledger on the system
- Pilot will include Massachusetts project with 1 to 5 megawatts
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Clearway Energy Group, one of the U.S.’s largest clean power developers, is launching a pilot electronic marketplace for renewable energy credits as more states push for solar and wind projects.
The company has partnered with Power Ledger, which develops blockchain-enabled energy trading software, to build a system to both track and trade so-called RECs, according to an emailed statement. The initial test phase will include a Massachusetts project with 1 to 5 megawatts of generation and a second Midwest project for at least 20 megawatt, according to Power Ledger.