Hedera To Partner With Top Renewable Energy Generator

Leading renewable energy generator in Europe, Électricité de France, has entered into a partnership with REDEX and Rekursive Labs to develop renewable energy certificates (RECs) through the use of Hedera distributed ledger technology.

The three companies’ collaboration leverages the inventive power of Hedera and the open source Guardian platform. Automation of REC issuance and redemption is essential in establishing a transparent and efficient renewable energy market. The innovation fundamentally changes the way customers can influence the renewable energy industry by allowing end users to retire small quantities of RECs in real time.

EDF Lab Asia Pacific Chief Executive Officer Edouard Lavillonniere said he hopes the partnership will lead to significant transformation — making the adoption of renewable energy easy to understand and accessible to more people.

The choice of the Hedera network, which is fast and scalable, is ideally suited to the goal of promoting sustainable energy production on a global scale. The success of the Proof of Concept was an important step towards a more sustainable and clean energy future. According to the latest data, the HBAR token is trading at $0.062. Additionally, 24-hour HBAR volume increased by 10.09%; at the time of writing, the trading volume is $44 million.