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Blockchain companies take aim at clean energy transaction costs
Energy News Network: A new partnership between Chicago-based startup Clean Energy Blockchain Network and Australian platform developer Power Ledger aims to use blockchain software to reduce the time and transaction cost associated with the sale of clean energy.
Once electricity is on the grid, it’s impossible to distinguish electrons produced from fossil fuels and those produced from solar or wind. That’s why clean energy is often tracked through the sale of renewable energy credits, commonly called RECs, which represent the environmental benefits of a megawatt hour of generation.
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