Can digital assets help to scale the renewables market?
We believe they can. When you purchase RECs it is guaranteed that the corresponding renewable electricity has been generated and that this electricity is your property. The money spent on each REC helps to support the renewable energy project to which it relates, and is a renewable energy subsidy, which will help to scale the growth of the renewables market. As money flows into REC-backed clean energy projects, the suppliers of that renewable energy are incentivised to continue building and expanding renewable energy infrastructure to cater to the demonstrated demand.
The value of the REC follows supply/demand dynamics: as demand for a particular type of renewable energy in each market rises, the price of the REC in that market increases—increasing revenues that then help attract more investments to meet demand.