Key Takeaways:
Aspect | Details |
Company | SRECTrade |
Location | San Francisco, California |
Industry Position | One of the largest SREC brokers |
Services | Handling SREC transactions, providing online tools |
Client Base | Property owners, utilities, solar companies |
Technology | Online platform for tracking SREC performance |
Acquisition | Acquired by Xpansiv to expand in ESG commodities |
Business Units | Renewable energy assets, clean transportation |
Clients Include | Electricity/fuel suppliers, fleet operators, asset owners |
Mission | Promoting clean energy adoption, aiming for a net-zero future |
Introduction to SRECTrade Illinois
For homeowners in states like Illinois interested in renewable energy, SRECTrade offers a vital service as a leading aggregator and broker of Solar Renewable Energy Certificates (SRECs). Based in San Francisco, California, SRECTrade plays a significant role in the renewable energy market by facilitating the transaction of SRECs and providing valuable tools for tracking their performance.
What SRECTrade Does
SRECTrade serves a diverse client base, including property owners, utility companies, solar installation companies, and lease/PPA providers. The company simplifies the process of selling SRECs, which represent the environmental benefits of generating solar power. For homeowners with solar installations, SRECTrade provides an easy-to-use online platform to manage and sell their SRECs, handling all necessary regulatory measures.
The Role of SRECs and SRECTrade's Services
In states with renewable portfolio standards (RPS) and solar carve-outs, SRECs are used to promote solar installations. Homeowners in states with active SREC markets, such as Illinois, can benefit financially by selling these certificates. SRECTrade plays a crucial role by acting as a third-party aggregator, selling the SRECs to utilities on behalf of the system owners.
Expansion and Growth
SRECTrade was acquired by Xpansiv, a global leader in ESG-inclusive commodities, to scale its renewable energy business. This acquisition combines SRECTrade's technology platform in clean energy assets with Xpansiv’s environmental commodities platform. SRECTrade manages 870 MW of renewable energy across the United States and is a major player in the clean transportation and Low Carbon Fuel Standard (LCFS) markets.
SRECTrade's Impact and Mission
Joining forces with Xpansiv, SRECTrade is set to further its mission of promoting the adoption of clean energy and moving towards a net-zero future. The company’s platform manages a vast array of renewable energy assets and clients, playing a pivotal role in the clean energy landscape.
Conclusion
For Illinois homeowners looking to maximize the financial benefits of their solar installations, SRECTrade offers a reliable and efficient platform for managing and selling SRECs. Their expertise and technology make them a key player in advancing renewable energy initiatives.
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