KEY ($0.00) TAKEAWAYS
- TraceX, Powerledger’s digital REC trading marketplace, achieved a milestone by surpassing 1 million REC trades in a single month, highlighting its rapid growth.
- The platform’s integration with M-RETS allows seamless linking of accounts, facilitating efficient REC trading for buyers and sellers.
- TraceX enhances transparency and efficiency in REC trading with features like real-time price discovery, automated settlement, and fast onboarding.
- Users report up to 72% savings on administrative costs, showcasing the platform’s impact on resource efficiency.
TraceX, Powerledger’s digital Renewable Energy Certificate (REC) trading marketplace, has achieved a significant milestone by surpassing 1 million REC trades in a single month. This achievement highlights the platform’s rapid growth and its impact on the environmental commodities market.
In February, the TraceX spot marketplace facilitated 1 million REC trades, showcasing a 25-fold increase compared to the previous quarter. This growth underscores the platform’s ability to streamline and automate the traditionally manual and cumbersome processes involved in over-the-counter REC trading.
TraceX is integrated with M-RETS, one of the largest voluntary registries in North America. This integration allows users to link their M-RETS accounts to the TraceX marketplace, enabling buyers to receive RECs from purchases and sellers to import and list RECs for sale. The platform plans to expand its regional coverage to include other prominent registries such as ERCOT and NAR.
With secure on-platform payments and streamlined processes for KYC, contracting, and reporting, TraceX offers increased resource efficiency for renewable energy generators, corporate REC buyers, and brokers. The marketplace provides customizable filters, detailed attribute data, and custodied holdings to streamline REC procurement.
Transparency is a core feature of the TraceX marketplace. It offers real-time REC price discovery and automated REC settlement, enhancing transparency in REC trading. The platform also allows for fast onboarding, enabling users to complete and submit their applications in just 30 minutes. Customers have reported up to 72% savings on administrative costs after using TraceX.
For more information, the full announcement can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
TraceX, a digital Renewable Energy Certificate (REC) trading platform by Powerledger, has achieved a notable milestone by surpassing 1 million REC trades in February 2025, marking significant growth in the environmental commodities market.
A recent Xpansiv report highlights a strong growth trend in REC trading, driven by increasing demand for renewable energy and corporate sustainability commitments. This aligns with TraceX’s achievement of facilitating 1 million REC trades, indicating a broader trend of growth in the REC market.
Industry research suggests that automation in REC trading enhances efficiency, transparency, and liquidity, which are crucial for promoting renewable energy development. This supports TraceX’s role in automating and streamlining REC trading processes, contributing to the platform’s rapid growth and impact on the market.
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