Entracergy is revolutionizing the renewable energy market with an innovative platform for trading Renewable Energy Certificates (RECs) and supporting clean hydrogen production. By providing a seamless, efficient, and transparent marketplace, Entracergy empowers businesses to achieve their sustainability goals and drive the adoption of renewable energy.
Renewable Energy Certificates (RECs) are market-based instruments that represent the property rights to the environmental, social, and other non-power attributes of renewable electricity generation. One REC is issued for every megawatt-hour (MWh) of electricity generated and delivered to the electricity grid from a renewable energy resource.
Entracergy’s first strategic move is to establish a partnership with M-RETS (Midwest Renewable Energy Tracking System). M-RETS is a non-profit organization that tracks renewable energy generation in participating states and provinces. They ensure that renewable energy certificates (RECs) are accurately counted and traded, providing a reliable and trustworthy system for REC tracking. This partnership enables Entracergy to leverage M-RETS’ robust infrastructure to ensure the integrity and transparency of REC trading.
Following the establishment of our partnership with M-RETS, we are planning to develop a partnership with the Western Renewable Energy Generation Information System (WREGIS) to cover most of the North American registry.
What is WREGIS?
The Western Renewable Energy Generation Information System (WREGIS) is a tracking system for renewable energy certificates (RECs) in the Western Interconnection, a vast region that includes parts of the United States, Canada, and Mexico. WREGIS issues and tracks RECs for renewable energy generated within this region, ensuring that each megawatt-hour (MWh) of renewable energy is uniquely counted and verifiable. By partnering with WREGIS, Entracergy aims to expand its REC trading platform to cover a larger portion of the North American market, providing greater access and opportunities for businesses to engage in sustainable practices.
With the partnership in place, Entracergy focused on developing a comprehensive platform to facilitate REC trading. The platform includes advanced tools for:
Entracergy added support for the Clean Hydrogen Production Tax Credit (45V), which provides incentives for clean hydrogen production. This feature helps users navigate the complexities of the 45V tax credit by offering:
The final step in Entracergy’s journey was integrating insights from the 45VH2-GREET model. The GREET (Greenhouse Gases, Regulated Emissions, and Energy Use in Transportation) model is used to evaluate the lifecycle emissions of different energy pathways. Entracergy leverages this model to provide:
Entracergy stands out in the renewable energy market due to its comprehensive features and user-friendly interface. Here’s what makes Entracergy the preferred choice:
Entracergy is at the forefront of transforming the renewable energy market, offering an innovative platform for trading Renewable Energy Certificates and supporting clean hydrogen production. By choosing Entracergy, businesses can efficiently manage their renewable energy investments, comply with regulatory requirements, and contribute to a sustainable future.
For more information about how Entracergy can help you achieve your renewable energy goals, visit our website and get started today.
Entracergy’s first strategic move was to establish a partnership with M-RETS (Midwest Renewable Energy Tracking System). This partnership enables Entracergy to leverage M-RETS’ robust infrastructure to ensure the integrity and transparency of REC trading.
Following the establishment of our partnership with M-RETS, we are planning to develop a partnership with the Western Renewable Energy Generation Information System (WREGIS) to cover most of the North American registry.
Entracergy will develop a comprehensive platform to facilitate REC trading, price discovery, and forward contract trading. The platform includes advanced tools for a seamless marketplace, real-time price analytics, and secure trading for future delivery.
Entracergy will add support for the Clean Hydrogen Production Tax Credit (45V), helping users navigate the complexities of the tax credit with tools for eligibility assessment and lifecycle GHG emissions reporting.
The forth step is integrating insights from the 45VH2-GREET model, providing enhanced REC purchasing through advanced analytics and accurate environmental impact assessments based on lifecycle GHG emissions.