Powerledger’s TraceX Introduces Seamless REC Transfers Between Registry Accounts and Marketplace

San Francisco, Calif.–(Newsfile Corp. – September 10, 2024) – Powerledger’s TraceX, an advanced marketplace for environmental commodities, is introducing a flexible Renewable Energy Certificate (REC) transfer feature for greater control and flexibility in REC transfers. This new feature enables renewable energy producers and brokers to seamlessly transfer RECs between their registry accounts and the TraceX marketplace. TraceX leverages the power of automation to provide instant REC transfer functionality to eliminate potential delays, giving sellers the freedom and flexibility to list on TraceX with the ease and confidence associated with the encumbrance and unencumberment of RECs.

“With the launch of our flexible REC transfer feature, we are redefining REC management by setting a new benchmark for flexibility and efficiency. Our goal is to simplify and accelerate the transfer process between registry accounts and the TraceX marketplace. This provides renewable energy producers and brokers with unprecedented convenience and efficiency, eliminating hours lost to manual processes and allowing them to focus on what really matters,” said Rongon Mehdi, Product Owner, TraceX.