•• Facilitating third-party services
Platforms and Platform Operators expand and simplify Market Player interactions with
I-REC(E) and I-TRACK certificates
Platform Operators are in the position to provide additional services such as facilitating a marketplace, providing better visualization tools for market players and end-users, and many other things they see as beneficial in the market. Accredited Registries are the single point of truth for legal ownership of I-REC(E) and I-TRACK certificates, and can be used for the issuance, transfer, and redemption of certificates, but Platforms can change the interface through which market players communicate with the Registry. The International Tracking Standard Foundation (I-TRACK Foundation) supports Platform Operators to innovate and provide additional services.
Platform Operators can coordinate with the Registry Operator and Code Manager in the development of a Platform. A Platform is in direct connection with the Accredited Product Registry and hence does not jeopardize the robustness of the associated I-REC Accredited Products. From Platforms, requests for issuance, lodging for sale, transfer, or redemption of a Product Certificate held within a Registry are accessible to individuals or organizations (entities) other than those who are Accredited with the I-TRACK Foundation. Moreover, Platforms are also capable of initiating the registration or management of Entities or Production Facilities within a Registry.
However, a Platform is required to undergo Accreditation by the I-TRACK Foundation to ensure it adheres to the requirements of the International Attribute Tracking Standard (Standard). In general, as all commercial relationships between sellers and buyers are already outside of the scope of the International Attribute Tracking Standard (Standard), so too is the work of platforms largely outside of the scope of the Standard.
Accredited Platform Operators
The main purpose of the Foton Platform is to facilitate an I-REC(E) marketplace, allow bilateral transfers between parties, allow transfers to I-REC participant accounts, and allow creating redemption statements.
The Platform primarily operates in Turkiye. Visit the platform here.
Fees for users
Foton Platform trade fee (per MWh) TRY 0.075
Foton Platform to I-REC Trade accounts transfer fee (per MWh) TRY 0.225
Foton Platform Redemption fee (per MWh) EUR 0.08
REDEX Group Pte Ltd provides innovative technological solutions that enable companies to adopt renewable energy easily. Headquartered in Singapore, the Group developed and operates Asia’s leading Renewable Energy Certificates (RECs) trading platform. REDEX offers a one-stop ecosystem for RECs, supporting clients through the full REC lifecycle.
Committed to accelerating the global transition towards renewable energy, REDEX won the 2023 Emerging Enterprise Sustainability Award in Singapore.
Discover more at the REDEX Platoform: redex.eco.
SCSK Corporation provides a one-stop for I-REC(E) in Japan and allows companies to easily purchase and redeem I-REC(E) without becoming a Participant.
Visit the SCSK Platform here.
Xpansiv Ltd operates the Platform through its wholly owned subsidiaries, CBL Markets (USA) LLC and CBL Markets (Australia) Pty Ltd. CBL is a global platform for managing and transacting energy and environmental commodity products such as carbon, renewable energy, water, and natural gas. It connects buyers and sellers to manage and trade multiple environmental products on one platform. For I-REC(E), it is a global marketplace that is only accessible to entities who are a registered Participant at this moment in time.
Visit the Xpansiv Platform here.