U.S. Clean Energy Firm Clearway Energy Will Test Blockchain for Renewable Energy Trading
United States-based clean energy development firm Clearway Energy Group is launching a pilot program for trading renewable energy credits on a blockchain, Bloomberg reported on June 28.
Per the report, Clearway Energy partnered with (ETH)-based energy trading startup Power Ledger to jointly build a system for trading renewable energy certificates. Power Ledger reportedly told Bloomberg that initially the solution will be tested in Massachusetts, generating one to five megawatts of electricity, while the second test will take place in the Midwest and generate upwards of 20 megawatts.
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