Europe’s leading renewable energy producer, Électricité de France, has partnered with REDEX and Rekursive Labs to develop renewable energy certificates (RECs) using Hedera’s distributed ledger technology.
The collaboration between the three companies uses the inventive power of Hedera and the open source Guardian platform. Automating the issuance and reimbursement of REC is essential for creating a transparent and efficient renewable energy market. The innovation fundamentally changes the way customers can impact the renewable energy industry by allowing end users to retire small amounts of RECs in real time.
EDF Lab Asia Pacific Chief Executive Officer Edouard Lavillonniere said he hopes the partnership will lead to significant transformation – making renewable energy adoption easy to understand and accessible to more people.
The choice of the Hedera network, which is fast and scalable, is ideally suited to the goal of promoting sustainable energy production on a global scale. The success of the Proof of Concept was an important step towards a more sustainable and cleaner energy future. According to the latest data, the HBAR token is trading at $0.062. Additionally,