Locations
Singapore
industry
Blockchain and Crypto · Energy · Software · Sustainability
Size
1 - 10 employees
Stage
Other
founded in
2018
Leveraging the decentralized nature of the blockchain, the SBT platform, ‘Reneum’ (www.reneum.com), serves as a transparent and decentralized global database of RECs. The platform issues Reneum tokens free of charge to generators of renewable energy that represent the environmental attributes of their green energy production. Representing proof of 1 megawatt-hour (MWh) of energy, these Reneum tokens may be purchased directly by consumers looking to offset their carbon emissions. The Reneum system offers a unique solution by: • Digitizing, standardizing and democratizing the market for renewable energy credits • Providing a solution to a fragmented, complex and opaque system involved in the registration and issuance of green energy credits • Serving as a digital platform hosting a repository of green energy credits to be discovered by the buyers of environmental attribute credits • Unlocking a global market to support the sustainability targets of companies, governments and non-for-profits worldwide • Offering additional supply for consumers aiming to offset their carbon emissions in a traditionally complex market
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