SAN FRANCISCO (PRWEB) June 13, 2018
Today, SRECTrade, Inc., announces the completion of the merger of U.S. Photovoltaics’ (USPV) Renewable Energy Certificate (REC) management, aggregation, and transaction services business. USPV’s decision to combine with SRECTrade demonstrates the Company’s leadership and expertise in managing distributed generation renewable energy assets. Over the past decade, SRECTrade has established itself as the preeminent provider of efficient REC management and technology solutions.
“We considered the best way to create new value via our REC services and concluded the most effective way to accomplish this goal would be through integrating our operations with SRECTrade. We’ve known the leadership team at SRECTrade for many years and are confident in the firm’s capabilities. We share similar values and a passion for serving our clients,” said Fred Ugast, President of USPV.
“We are excited to have USPV, one of the largest SREC aggregators in Washington, D.C. and Maryland, combine its REC business with SRECTrade. We look forward to working with other managers and aggregators as we launch this new partnership program,” said SRECTrade’s CEO, Steven Eisenberg. USPV is the Company’s first partner to join SRECTrade under its Portfolio Partnership Program. SRECTrade’s new initiative allows REC managers and aggregators to utilize SRECTrade’s platform and technology to address a variety of environmental commodity management and transaction solutions.
“Furthermore, SRECTrade welcomes USPV’s clients and partners and looks forward to facilitating the management of their REC assets,” said Eisenberg. USPV client and partner accounts have been migrated onto the SRECTrade platform. All clients can login and view their historic REC transactions, renewable energy facilities, and REC sales preferences.
About SRECTrade, Inc.: SRECTrade provides cloud-based services to the clean energy industry with an expertise in managing, transacting, and processing environmental incentives. The Company’s mission is to accelerate the adoption of renewable energy by providing services and technology that minimize the time, cost, and risk associated with achieving benefits and compliance in clean energy markets. SRECTrade provides agency management and technology solutions to 1.5 Gigawatts (GW) of renewable energy assets across more than 136,000 projects.
- Agency management services now cover 415 Megawatts across more than 31,500 projects in the PJM and NEPOOL REC markets.
- SRECTrade-X, the Company’s institutional REC management software, provides services to 1.1 GW of assets across more than 104,000 projects. The platform also provides REC portfolio management solutions to electricity suppliers and environmental commodity trading firms.
The Company’s clients cover a variety of market participants including electricity suppliers and energy utilities, clean energy project developers, installation companies, and individual commercial and residential asset owners. Since 2008, SRECTrade has been a domain expert in solar and renewable energy markets, bringing a wealth of knowledge and transparency to some of the fastest growing state markets in the clean energy industry. SRECTrade is based in San Francisco, CA.