May 1 2008
APX, Inc., the leading infrastructure provider for environmental and energy markets, today announced that it has launched the North American Renewables Registry, which enables companies to make and substantiate environmental claims with the highest integrity and transparency. With its new Registry, APX systems now provide complete coverage for renewable energy certificate (REC) creation, management, transactions and retirement across North America.
The role of The North American Renewables Registry is to provide REC origination for clean generation facilities located in states and provinces not covered by the five current APX regional systems &ndash NEPOOL-GIS, PJM-GATS, Texas RECs, M-RETS, and WREGIS. The new Registry positions APX to support the rapidly developing North American renewable energy marketplace, which experts have estimated will double in three years.
“APX’s new Registry expands our leading position in the renewable energy markets and provides participants across North America with the trusted infrastructure to effectively manage and track their renewable portfolios,” said Brian M. Storms, Chairman and CEO of APX. “We are pleased to provide a market system to facilitate the continued dramatic growth of clean energy generation and usage.”
“The success of state and regional REC markets has in large part been due to thoughtful rules and their effective implementation in registry platforms,” said Meredith Wingate, Director, Clean Energy Policy Design and Implementation for the Center for Resource Solutions which administers the Green-e Climate and Green-e Energy programs. “The availability of the trusted APX platform across North America can support the next generation of policies and programs to expand renewable energy even further.”
“With the ability to create unique, serialized records valid in all 50 states, we’re pleased to be the first to put the Registry to use and directly address the challenges of a rapidly evolving market," said Mel Jones, President and CEO of Sterling Planet. “We’re intently focused on proactively exceeding client expectations. The Registry provides voluntary markets with the greatest product transparency, accountability and protection against double counting.”
Currently, 25 states have established renewable portfolio standards, with several more considering legislation. Through its five regional systems, APX’s platform has tracked and registered more than two billion certificates. As policy makers and companies express interest in tracking and trading RECs across regions, APX’s technology can easily enable such cross market policy and corporate initiatives. This includes any new federal renewable energy programs that may emerge.
The web-based Registry, which will be open for general registration in late May, also will enable corporations to demonstrate climate change leadership through the use of renewable energy while fully substantiating environmental claims. Companies benefit from the ability to easily track and manage their portfolio of RECs, including the calculation and tracking of carbon avoidance attributes in the new Registry.
In addition, renewable energy retailers and brokers can use the Registry’s services to conduct REC transactions, enhance the level of visibility, integrity, trust, and quality perception for their clients, and reduce the cost of manual and paper processes to track RECs and documents.