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EDF, REDEX and Rekursive Labs Collaborate on Proof-of-Idea for Automating Renewable Vitality Certificates Transactions utilizing Hedera

EDF, REDEX and Rekursive Labs Collaborate on Proof-of-Idea for Automating Renewable Vitality Certificates Transactions utilizing Hedera


The joint venture makes use of distributed ledger expertise (DLT) to streamline effectivity, transparency, and verification within the world $19 billion renewable vitality certificates market

PARIS, Nov. 29, 2023 /PRNewswire/ — Électricité de France (EDF), one of many world’s largest electrical energy producers, the biggest renewable vitality producer in Europe, and an energetic member of the Hedera Council, has efficiently accomplished a proof-of-concept (POC) that goals to revolutionize and automate the administration of renewable vitality certificates (RECs). The venture allows finish customers to retire small portions of RECs in actual time. This empowers people to ship a transparent market sign that they care about how the ability they devour is being produced.

This ground-breaking effort was a collaboration with REDEX, a number one RECs options supplier, and Rekursive Labs, a specialist in Web3 distributed ledger expertise (DLT) enterprise options. The venture leverages the ability of Hedera‘s DLT and open-source Guardian platform to automate the issuance and redemption of RECs, paving the way in which for a extra environment friendly and clear renewable vitality market. EDF, REDEX, and Rekursive Labs intend to additional refine the answer, develop new use instances, and supply automated REC companies to different producers and customers of renewable vitality globally.

Edouard Lavillonniere, Managing Director at EDF Lab Asia Pacific stated: “With our experience in renewable vitality and electrical automobile charging, EDF is the perfect accomplice for this collaboration. Our dedication to sustainability aligns completely with the imaginative and prescient of a greener future enabled by DLT. We consider this collaboration will drive constructive change within the renewable vitality sector. We’re shaping a future the place renewable vitality adoption is streamlined, clear, and accessible to all.”

Utilizing EDF’s MASERA Microgrid demonstrator in Singapore, this POC efficiently demonstrated the automated redemption of tokenized RECs at electrical automobile charging stations. This initiative concerned amassing information from a number of sources, together with photo voltaic panels, mills, and vitality storage programs, to calculate the speed of inexperienced vitality manufacturing into the grid. This information was then matched in near-real time with the vitality consumed by electrical automobile chargers, to make sure that the licensed inexperienced vitality utilization completely matched the precise consumption on the charging stations, all the way down to the watt-hour. As well as, EDF supplies the chance for the client to regulate the quantity of vitality to be licensed for every particular person charging session.

Europe’s CBAM has created an pressing must calculate and observe the embedded carbon of traded items. The complexity of this job will enhance exponentially as we development in direction of monitoring much more attributes, and for merchandise nearer and nearer to the tip shopper. We consider tokenization presents a less complicated and extra scalable structure for monitoring multi-faceted environmental attributes throughout world provide chains think about a posh product like hydrogen or a automotive,” stated Zhaotan Xiao, Govt Director at REDEX.

Lots of Hedera’s council members are additionally RE100 members, whom I’m certain can be enthusiastic early adopters of this elegant answer,” he added.

As an idea, RECs are quite simple – the instrument traces one’s energy consumption to renewable vitality sources. Its simplicity is exactly why the instrument is probably the most handy and sensible means for corporations to realize Scope 2 neutrality. That is driving the variety of RECs issued and retired to greater than double yr on yr.

By integrating the applied sciences developed by REDEX and Rekursive Labs, any renewable vitality manufacturing or consumption system can now obtain full automation of the REC lifecycle, from issuance to redemption. For REDEX, whose mission is to speed up the world’s transition in direction of renewable vitality, this venture is yet one more step in direction of additional digitizing, automating and enhancing belief within the RECs ecosystem.

Jason Loh, co-founder and Chief Business Officer at Rekursive Labs stated: “We consider the way forward for sustainability options lies in embedding the REC tech stack into any renewable vitality manufacturing or consumption system, from residential meters to hydro farms, and from photo voltaic farms to shopper merchandise. By using Web3 applied sciences and processes, organizations can hint renewable vitality consumption throughout your entire provide and manufacturing chain, guaranteeing transparency and integrity. We’re excited concerning the potential of this proof-of-concept and the affect it might have on accelerating the worldwide motion in direction of sustainable vitality manufacturing.”

The Hedera community is ideally suited to this POC as a consequence of its pace, scalability, enterprise focus and open supply Guardian infrastructure. Hedera presents quick and cost-effective transactions, making it the right alternative for real-time REC redemptions when in comparison with various DLTs. Moreover, Hedera’s dedication to its carbon adverse standing aligns completely with the purpose of selling a world motion in direction of sustainable vitality manufacturing.

For extra data, please go to https://www.rekursive.com/rec-pilot.html for a video walkthrough of this venture.

About EDF

EDF (Électricité de France) is a world, built-in vitality firm – one of many world’s largest electrical energy producers and the biggest renewable vitality producer in Europe. With 140 GW of technology capability throughout greater than 30 nations, EDF generates over 650 TWh of electrical energy for 38 million prospects, and 85% of that electrical energy has low or no carbon emissions. With 160,000 staff worldwide, EDF is energetic in your entire worth chain of the electrical {industry}, together with R&D, venture improvement, technology, buying and selling, transmission, distribution, gross sales, and vitality companies.The group raison d’être is to construct a web zero vitality future with electrical energy and progressive options and companies, to assist save the planet and drive wellbeing and financial improvement.

About REDEX

REDEX Group Pte Ltd operates Asia’s main buying and selling platform for Renewable Vitality Certificates (RECs). The corporate presents a one-stop ecosystem for RECs, supporting shoppers by the total RECs lifecycle – asset registration, manufacturing verification, market, and retirement. As an early mover in Asia with a confirmed observe report, REDEX is growing sensible and progressive options to satisfy the clear vitality wants of firms globally. The corporate’s mission is to speed up the world’s transition in direction of renewable vitality. For extra data, please go to https://redex.eco/.

About Rekursive Labs

Rekursive Labs is a specialist in Web3 DLT options, offering SaaS merchandise that facilitate actual world asset (RWA) tokenization and fractionalization of conventional finance (TradFi) merchandise for enterprise prospects. Their mission is to allow corporations to leverage the advantages of distributed ledger expertise with minimal extra prices. For extra data, please go to https://www.rekursive.com.

About Hedera

Hedera is an open supply, leaderless proof-of-stake community. Hedera’s sturdy ecosystem is constructed by a world neighborhood, on a community ruled by a various council of industry-leading organizations, together with abrdn, Avery Dennison, Boeing, Chainlink Labs, COFRA Holdings, DBS Financial institution, Dell, Dentons, Deutsche Telekom, DLA Piper, EDF (Électricité de France), eftpos, FIS (WorldPay), Google, IBM, the Indian Institute of Expertise (IIT), LG Electronics, The London College of Economics (LSE), Magalu, Nomura Holdings, ServiceNow, Shinhan Financial institution, Normal Financial institution Group, Swirlds, Tata Communications, Ubisoft, College Faculty London (UCL), Wipro, and Zain Group.

For extra data, go to www.hedera.com, or comply with us on Twitter at @Hedera Admin, Telegram at t.me/hederahashgraph, or Discord at www.hedera.com/discord. The Hedera whitepaper will be discovered at www.hedera.com/papers.

Media Contact:
Wachsman
E: [email protected]
T: +353 (87) 232 1670

SOURCE Hedera



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