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TraceX: A digital marketplace for renewable energy certificates (RECs) trading.
TraceX is a comprehensive Environmental Commodity exchange designed to streamline and simplify contracting, trading, and settlement. While at launch, it is focused on voluntary Renewable Energy Certificates (RECs), the technology is attribute agnostic and will expand to compliance markets and other environmental commodities such as carbon and thermal certificates.
TraceX offers a range of powerful features that automate counterparty KYC, contracting, payment and settlement, enabling users to focus on other aspects of their business.
TraceX is a digital marketplace for Renewable Energy Certificates (RECs) trading which can be used by generators who have certificates to sell, or by utilities and organisations who are seeking to buy certificates to meet regulatory obligations or voluntary sustainability targets. Brokers and traders will find TraceX a highly efficient way to manage their clients’ renewable energy certification needs.
Seamless, scalable, and future-facing
Introducing Forwards feature: Bringing price certainty and automation to REC trading
With our Forwards REC trading feature, buyers can lock in REC prices in advance to mitigate market volatility and financial risk. Energy generators benefit from predictable revenue streams, improving financial planning and business stability.
Brokers and traders can deliver better pricing structures for clients, drive sales growth, and enhance revenue forecasting
Why TraceX?
Real-time insights
Real-time price & REC Attribute discovery for market-based decisions about your REC transactions.
Power of automation
Harness the power of automation to eliminate manual, resource-intensive processes.
Operational efficiency
Standardized terms for all trades and business bank account linking on sign up, meaning all marketplace participants are pre-qualified, resulting in no back-office costs.
Simplified reporting
Downloadable CSV files that integrate into existing internal business systems and provide enhanced REC data, with verifiable and immutable audit trail.
Why energy generators, corporates and traders trust TraceX?
TraceX is fully integrated with the largest voluntary REC registry in North America, the Midwest Renewable Energy Tracking System (M-RETS) to provide M-RETS members with an exchange that is resonant with their needs. Customers are able to link their M-RETS account and once the link is established, import EACs to the marketplace to list for sale.
When trades are matched on TraceX, the payment gateway moves the payment from the buyer’s bank account to the seller’s bank account and on successful notification of payment the RECs are moved from the seller’s registry account to the buyer’s.
TraceX is currently expanding its regional coverage to ERCOT and NAR. Contact us to find out more or if you’d like us to support another REC registry.
Benefits
Save administrative cost up to 72%
Secure on-platform payment automation with the guarantee of zero financial risk in REC transactions.
Onboarding in just 30 mins
Seamless 30-minute onboarding enables faster REC trading, reducing the week-long delays common in traditional OTC markets.
Real-time price discovery for full transparency
Instant access to current REC market prices for informed decision-making with full transparency.
Speed up REC sales by up to 60%
Accelerate your REC sales process by eliminating time and resource consuming credit checks and participant validation, as all participants are pre-validated—no KYC required.
Customizable REC filter options
Filter and purchase RECs based on specific attributes such as locationality and additionality.
Single click REC retirement
Retire RECs with a single click and download the proof instantly.
Standardized legal contracts
Simplify trading with standardized terms and linked registry and bank accounts. No need for complex OTC contracts and manual settlements.
Better visibility for CRS-listed RECs
Connect directly with sustainability-focused buyers to sell RECs that meet specific criteria, such as CRS-listed RECs.
How TraceX works?
Use existing RECs
- TraceX links with your existing registry allowing you to visualise and track your RECs in real-time. Non-registry customers can use TraceX’s registry account to buy RECs, with the option to request retirement of certificates directly on the platform. This provides a seamless experience without needing your own registry account.
- Make market-based decisions for when to buy and sell your RECs
- Retire your RECs to meet your sustainability goals
- Participants can create and export reports for their REC purchases, sales or retirements for internal or external stakeholders.
Easy settlement
- All market participants are pre-qualified with a standardised contract
- Customers are able to link their existing business bank account
- When your order is matched, financial settlement occurs on-platform transferring funds from the buyer to the sellers account
- On successful payment REC ownership is updated directly in the registry and blockchain providing an immutable source of truth
24/7 Carbon Free Energy
To drive deeper decarbonization of grids worldwide, corporates are now aiming to match their energy consumption with Carbon-Free Energy (CFE) production every hour of every day, all year round. This approach, known as 24/7 CFE, ensures continuous alignment with clean energy sources.
Powerledger is a thought leader in 24/7 CFE, collaborating with industry partners to establish practical guidelines for temporal and spatial energy matching.
Our blockchain technology timestamps the time and location of all clean energy produced at a granular level, making it ideally suited to support a 24/7 CFE marketplace for granular RECs.
