SRECTrade was thrilled to sponsor and send seven team members to the Women of Renewable Industries and Sustainable Energy (WRISE) 2021 Leadership Forum. Even virtually, the Forum remained thoughtfully put-together with its workshops, networking events, keynotes, and professional development one-on-one opportunities. SRECTrade applauds WRISE’s commitment to building a diverse workforce for the success of the renewable energy economy for all, especially those who are historically left out of the conversation.
More information on WRISE and how to support the work that the organization is doing can be found here.
As we near the end of 2020 and look to celebrate the holiday season, it is a good time to take a step back and reflect on the ups and downs of the year. With all elements of our personal, social, and professional lives impacted by unprecedented global events, I am thankful that SRECTrade has been able to forge ahead and cross new milestones. I regularly remind myself that many individuals and companies haven’t been as lucky.
Thank you to our clients and partners for continuing to work with us as we expand our business and services. With you, we have been able to continue our mission to accelerate the sustainable adoption of clean energy assets while focusing on making carbon reduction a reality.
Lastly, thank you to the ever-growing SRECTrade team! We’ve recently surpassed 40 employees and look forward to more growth in 2021. We have a very special group of dedicated and passionate people. Across the entire organization, the team is working hard every day to ensure we are providing high quality services and technology to make efficient access to our markets possible.
We wish everyone a happy and healthy holiday season. Stay safe and be well. We look forward to working with you in 2021 and beyond!
SRECTrade is excited to announce a partnership with Dependable Supply Chain Services to power its electric transportation fleet with 100% renewable electricity and manage its portfolio of environmental commodities. A full press release can be found here.
As a partner in the Volvo LIGHTS program, Dependable has adopted a fleet of electric yard tractors, Class-8 electric trucks, electric forklifts and light duty charging stations to demonstrate the logistical and financial feasibility of transportation electrification in the 3PL industry. The electric fleet has been deployed at a variety of Dependable facilities in the Southern California region.
As part of Dependable’s transition to a clean fuel fleet, SRECTrade is leading the Company’s efforts to manage and maintain its portfolio of California Low Carbon Fuel Standard (LCFS) credit generating assets. The LCFS credits are monetized to help facilitate the return on investment in the low carbon vehicles and offset fuel and operational costs associated with the fleet. By pairing Dependable’s electricity consumption with renewable energy, the Company has been able to generate additional quarterly incentive revenue equivalent to approximately $0.25 per kWh.
In addition to electrifying its fleet, Dependable is developing an on-site solar energy facility to power their expanding fleet of EV assets. Investing in on-site renewable generating capacity will further demonstrate grid independence and mitigate energy costs.
We look forward to continuing our relationship with Dependable and providing them the support they need to continue their adoption of clean transportation assets.
SRECTrade is excited to announce its new HelioScope integration, allowing users to seamlessly transfer data between the online platforms. This new feature provides SRECTrade applicants with the ability to import project details from HelioScope to prefill fields in the SRECTrade project application. The integration will save time for SRECTrade’s partners and reduce the chance of error during the renewable energy credit (REC) application process.
To import HelioScope project details, a HelioScope user needs to obtain an API Token and connect it with their SRECTrade account. This will allow the user to utilize the information stored in HelioScope to populate REC application fields such as facility type, owner details, array setup, and more. For more specific instructions on how to utilize the HelioScope integration, please email email@example.com.
The HelioScope integration is the latest chapter in SRECTrade’s history of REC management and transaction innovation. Other recent technology advancements by SRECTrade include partnerships with eGauge and Fronius to allow solar owners using these inverter and meter products to automatically report their production to PJM-GATS, the REC tracking registry for much of the Midwest and Mid-Atlantic.
SRECTrade is always working toward automating the onboarding and management of assets in environmental commodity markets. For more information on technology integrations and partnerships, please reach out to firstname.lastname@example.org.
A copy of the full press release can be found here.
Cameron Bernhardt, Account Manager at SRECTrade, Inc., will be speaking at the SolarWakeup Live! Chicago – Solar Dealmaker Series on Thursday, June 21st in Chicago, IL. The panel, Residential Market – Value Proposition and Market Segments, will be from 1:00-1:45 p.m CST.
Cameron will discuss the SREC components of the upcoming Illinois Adjustable Block Program and speak alongside Amy Heart, Director of Public Policy at Sunrun.
This panel will cover how legislative changes over the last year created different market dynamics that have affected the SREC market and also the Class I market.
SRECTrade is excited to announce the completion of the merger of U.S. Photovoltaics’ (USPV) Renewable Energy Certificate (REC) management, aggregation, and transaction services business. USPV is one of the largest SREC aggregators in Washington, D.C. and Maryland. USPV’s decision to combine with SRECTrade demonstrates our leadership and expertise in managing distributed generation renewable energy assets. SRECTrade’s agency management services now cover 415 Megawatts across more than 31,500 projects in the PJM and NEPOOL REC markets. Additionally, SRECTrade-X, the Company’s institutional REC management software, provides services to 1.1 Gigawatts across more than 104,000 projects. SRECTrade-X also provides REC management solutions to electricity suppliers and environmental commodity trading firms.
SRECTrade looks forward to working with other managers and aggregators as we launch our new Portfolio Partnership Program. This new program allows REC managers and aggregators to utilize SRECTrade’s platform and technology to address a variety of environmental commodity management and transaction solutions.
We are pleased to welcome USPV’s clients and partners and look forward to facilitating the management of their REC assets. USPV client and partner accounts have been migrated onto the SRECTrade platform. All clients can login and view their historic REC transactions, renewable energy facilities, and REC sales preferences.
A copy of the full press release can be found here.
Steven will discuss the Pennsylvania and Maryland Renewable Portfolio Standards’ SREC carve-outs. This panel will cover how legislative changes over the last year created different market dynamics that have affected the SREC market and also the Class I market.
SRECTrade’s CEO, Steven Eisenberg, will be speaking at DistribuTECH 2018 on Wednesday, January 24th in San Antonio, TX. The panel, Building the Transactive Energy Marketplace, will be from 1:30-3:30 p.m. in Room 214C.
Alongside other distributed generation and energy specialists, Steven will discuss the infrastructure needed to support a transactive energy marketplace in which energy asset owners and other market participants buy and sell energy and other attributes. The panel will cover the capabilities and requirements needed to continue to facilitate the growth and development of the industry and overarching vision of a transactive energy marketplace. Topics covered will include advanced metering infrastructure, distributed intelligence, blockchain, and cloud computing.
SRECTrade’s Manager of Business Development and Operations, Tom MacKenty, will be speaking at The CESA RPS Summit on Tuesday, November 7th and Solar Focus on Wednesday, November 8th in Washington, D.C.
Alongside other renewable energy experts at the RPS Summit, Tom will discuss the status of voluntary markets for renewable energy and their interactions with the RPS Markets. At Solar Focus, Tom will participate in the 50% and Beyond: The New Age of the RPS panel discussion, where policy experts will discuss strategies for expanding renewable energy standards across the country. The panel will also explore the current efforts being made in Delaware and Maryland to expand and strengthen RPS standards.
On Wednesday, November 8, SRECTrade’s Director of Regulatory Affairs, Allyson Browne, will be speaking on a panel at GTM’s U.S. Power & Renewables Summit in Austin, Texas.
Allyson will join moderator Colin Smith, Analyst, Solar at GTM Research and fellow panelists Terry Grant, Managing Director at Marathon Capital, and Peter Mathews, General Manager, North America at Solar Edge, to discuss solar cost trends and long-term market implications. Allyson will focus on the interplay between the cost per watt of solar (including the impact of possible tariffs resulting from the Section 201 trade case), federal tax incentives like the ITC, and solar renewable energy credit markets, and how these cost and revenue streams contribute to development (or lack thereof) in the residential and C&I sectors.
The panel, How Low Can They Go: What is Driving Down Solar Cost and What are Longer-Term Market Implications?, will be held at 11:20 am on Wednesday morning. See the full agenda here.