Électricité de France (EDF), has successfully completed a proof-of-concept (POC) that aims to revolutionize and automate the management of renewable energy certificates (RECs). The project enables end consumers to retire small quantities of RECs in real time. This empowers individuals to send a clear market signal that they care about how the power they consume is being produced.

This ground-breaking effort was a collaboration with REDEX, a leading RECs solutions provider, and Rekursive Labs, a specialist in Web3 distributed ledger technology (DLT) enterprise solutions. The project leverages the power of Hedera's DLT and open-source Guardian platform to automate the issuance and redemption of RECs, paving the way for a more efficient and transparent renewable energy market. EDF, REDEX, and Rekursive Labs intend to further refine the solution, develop new use cases, and offer automated REC services to other producers and consumers of renewable energy globally.

As a concept, RECs are very simple ? the instrument traces one's power consumption to renewable energy sources. Its simplicity is precisely why the instrument is the most convenient and practical way for companies to achieve Scope 2 neutrality.

This is driving the number of RECs issued and retired to more than double year on year. By integrating the technologies developed by REDEX and Rekursive Labs, any renewable energy production or consumption system can now achieve full automation of the REC lifecycle, from issuance to redemption. For REDEX, whose mission is to accelerate the world's transition towards renewable energy, this project is yet another step towards further digitizing, automating and enhancing trust in the RECs ecosystem.