• Électricité de France, REDEX, and Rekursive Labs have collaborated to automate the renewable energy certificate process using Hedera’s technology.

• The project demonstrated its effectiveness in Singapore’s MASERA microgrid, enabling real-time REC redemption at electric vehicle charging stations.

The top generator of renewable energy in Europe, Électricité de France (EDF), has teamed up with REDEX and Rekursive Labs. This partnership aims to revolutionize the $19 billion worldwide industry of renewable energy certificates (RECs) by using Hedera’s distributed ledger technology (DLT) in an innovative proof-of-concept (POC).

Revolutionizing Renewable Energy Certificates

The collaborative endeavor involving EDF, REDEX, and Rekursive Labs capitalizes on the inventive potential of Hedera’s DLT and the open-source Guardian platform. Automating REC issuance and redemption is critical to developing a more transparent and effective renewable energy market. This integration makes this possible. This innovation dramatically changes how customers can impact the renewable energy industry by enabling end users to retire tiny amounts of RECs in real-time.

The chief executive officer of EDF Lab Asia Pacific, Edouard Lavillonniere, expressed hope that the partnership will result in significant transformation. In Lavillonniere’s opinion, this project opens the door to a time when the adoption of renewable energy is visible, easy to understand, and available to a larger population.

Demonstrating Success through MASERA Microgrid

EDF used the MASERA microgrid demonstration in Singapore to illustrate the practical implementation of the POC, where they immediately cashed the tokenized RECs at electric car charging stations. The procedure involved obtaining information from several sources, such as energy storage devices and solar panels. 

As a result, the system could instantly reconcile the generation of green energy with its actual consumption at the charging stations.

Additionally, a feature highlighting how user-centric this technology is, EDF’s creative approach gives consumers the freedom to modify the amount of energy authorized for each charging session.

Europe’s Carbon Border Adjustment Mechanism (CBAM), Zhaotan Xiao, Executive Director of REDEX, underscored the initiative’s global applicability. When tracking environmental qualities in worldwide supply chains, Xiao emphasized how tokenization is scalable. Expectations are high that interest in this technology will increase, particularly among those in Hedera’s council who are also involved in RE100, a global business leadership project aimed at achieving 100% clean energy.

It is impossible to overestimate the importance of Receipts in tracking the source of electricity usage. Rekursive Labs and REDEX have developed integrated technologies, a significant step forward given the rising issuance and redemption of RECs. All systems that produce or use renewable energy can benefit from this integration, which allows the full automation of the REC lifecycle—from issuance to redemption.

The selection of Hedera’s network, which is carbon-negative, fast, and scalable, is a perfect fit with the overarching objective of advancing sustainable energy generation on a worldwide scale. The success of this proof of concept has taken a major step closer to a more sustainable and environmentally friendly energy future.

As of the latest data, HBAR trades at $0.06196, marking a 2.37% rise in the past 24 hours, showcasing its dynamic market presence. Additionally, HBAR 24-hor volume has increased by 10.09%; as of the time of writing, the volume is at $44M. This rally could be a result of this Hedera partnership. 

Recommended for you:

• Hedera (HBAR) Wallet Tutorial
• Check 24-hour HBAR Price
• More Hedera (HBAR) News
• What is Hedera?