The startup offers a climate accounting and monetization platform that utilizes distributed ledger blockchain technology to provide real-time visibility into power markets and facilitate transactions for renewable generation assets. By aggregating data from smaller generators and providing validation tools, the platform enables clients to enhance the profitability of clean electricity generation while reducing time and costs throughout the operational process.
Funding
$780K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Small and medium-sized clean energy projects and electric vehicle (EV) charging networks face challenges in accessing carbon markets due to high costs and complex regulatory requirements. This limits their ability to monetize their environmental impact and contribute to decarbonization efforts.
Solution
Rewatt Power provides a climate accounting and monetization platform that simplifies the process of generating and selling carbon credits for renewable energy and EV charging projects. The platform aggregates data from distributed energy resources, automates climate accounting, and handles compliance, verification, and credit sales. By joining Rewatt Power's collective membership, individuals, companies, and municipalities can reduce costs through shared verification and data reporting, while also gaining access to a broader network of buyers and sellers. The platform supports projects in Alberta, Canada, and other regions, helping participants earn revenue from carbon credits and clean fuel credits.
Target Audience
Rewatt Power targets residential and commercial solar generators in Alberta, EV charging network operators across Canada, and clean energy project developers seeking to monetize carbon credits.
Features
- Automated climate accounting for clean energy and climate initiatives
- Aggregation of energy generation data from solar PV systems and EV charging stations
- Streamlined registration process for participation in carbon credit programs
- Management of compliance, verification, and credit sales
- Support for various credit types, including Alberta TIER credits and Canadian Clean Fuel Regulation (CFR) credits
- Integration with EV charging networks for clean fuel credit generation
- Revenue calculator for estimating potential earnings from carbon credits