SP Group launched blockchain platform for renewable energy certificates

It will encourage trans-national REC transactions for buyers and energy generators in different countries.

SP Group launched its blockchain marketplace platform that will promote the transaction of renewable energy certificates (REC) or tradable certificates of energy generated by renewable sources.

According to a press release, through the platform, REC buyers and energy generators can buy, sell, and issue a REC transaction. It is also one of the first global REC marketplace platform powered by blockchain.

“The platform will help corporates achieve their sustainability goals by ensuring that the electricity they consume comes from renewable sources. It will also encourage a greater integration of renewable energy sources onto the electricity grid,” SP Group said.

Due to the standardised nature of blockchain infrastructure across countries, this platform will encourage trans-national REC transactions, making it convenient for renewable energy generators and REC buyers from different countries to transact with each other. “This will open future markets by creating global opportunities for the industry and making it easier for REC buyers to purchase their green credits,” the group added.

SP Group chief digital officer Samuel Tan commented, “By using blockchain technology to create a REC marketplace, we are paving the way for a wider adoption of renewable energy sources and sustainable business operations, supporting Singapore’s sustainability focus.”

SP Group noted that the use of blockchain technology will make buying and selling of REC more cost-effective and efficient. “It reduces transaction and administrative costs, through automating processes and reducing the need for third-party intermediaries. The unique attributes of blockchain also provide much higher levels of cybersecurity, increasing the transparency and integrity of the transaction,” it added.

More energy and non-energy companies are ramping up efforts to offer electricity to Singaporeans as the liberalisation of the market in the second half of the year approaches. This will allow 1.3 million households in Singapore to choose their energy provider.

You're the reader we write for. You're also the person our partners want to reach.

If that sentence describes you — a founder, a C-suite, someone whose attention companies pay good money for — then you already understand why SBR works. We've spent twenty years earning the trust of readers exactly like you. Which is exactly what makes this an interesting place for your company to show up, too.

The ways it can show up are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The right fit depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If your company has something this audience should know about, we'd like to hear what you're working on.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia

Top News

30 One-Sentence Stories From People Who Have Built Better Habits

None of these stories are mine. They were sent to me by readers of Atomic Habits. My hope is that these examples will illustrate how real people are putting the book into practice. They will show you what people are actually doing to build good habits and break bad ones. And hopefully, they will spark some ideas for how you can do the same.

news conversion

SBR 5 Lorem Ipsum News 2 [8 May]

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

SBR 4 Lorem Ipsum [8 May Top Stories]