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I-REC Redemption & Settlement: CnerG’s Integration with Evident for Simplified Management

Product, CnerG Stories | Dec/30/2024

CnerG and Evident logos representing their integration for enhanced environmental data solutions.

Managing Renewable Energy Certificates (RECs) shouldn't keep you up at night. Yet for many corporations, especially those working internationally, it does exactly that. At CnerG, we understand how important it is for corporations to manage their RECs with efficiency, trust, and ease. As environmental and social governance requirements grow more complex, large corporations—especially those operating across borders—face mounting pressure to comply with evolving reporting standards. To tackle this challenge, we’ve taken a step forward by integrating our platform with Evident, the leading I-REC registry worldwide.                           

Our collaboration goes beyond just technical integration. It represents a significant advantage for our users, ensuring that they can manage I-RECs and redeem them without the hassle of switching platforms or dealing with manual requests.

Why I-REC Redemption and Settlement Matter for Global Corporations

Screenshot of CnerG’s platform redemption section, displaying redemption status for RECs and I-RECs

When corporations purchase RECs, it’s not just about acquiring certificates. It’s about formally redeeming those certificates to show that the renewable energy has been consumed on their behalf. This is crucial for sustainability reports, and it’s a requirement for voluntary compliance in the global clean energy market.

For multinational corporations operating across borders, the complexity of managing I-RECs can quickly multiply. Different countries have different regulations and certificate standards. Many companies have faced challenges in tracking and retiring certificates from multiple platforms. This is where our integration with Evident becomes invaluable. By centralizing the process on our platform, we make the entire experience not only more seamless but also more reliable for businesses of all sizes, but especially for those with global operations.

What Our Evident Integration Means for I-REC Management

The integration with Evident offers several tangible benefits that make the I-REC redemption process easier, faster, and more reliable. Here’s how our platform delivers:

On-Platform Redemption

With our partnership with Evident, all post-transaction services—including redemption—can be handled directly on CnerG Marketplace. This means no logging into external registries or sending manual requests. Everything you need is right where you complete your transactions, providing a much smoother experience.

Fewer Errors

Errors often occur due to manual steps and miscommunication. With our integrated, self-managed process, you’ll experience fewer steps, fewer mistakes, and fewer headaches. The streamlined workflow ensures that each transaction is completed efficiently, reducing the risk of errors and ensuring compliance.

Instant Access to Certificates

Time is of the essence when it comes to sustainability reporting. With our platform, you can instantly download your redemption certificates as soon as they’re available. This eliminates delays and gives you immediate access to the documents you need to prove your renewable energy consumption.

Global Reach & Trust

Evident is a subsidiary of the International Tracking Standard Foundation and operates as the official registry for I-REC. Its services are available in all 68 countries that support the I-REC standard. By working with Evident, we guarantee that your I-RECs are managed within the framework of the most widely recognized and trusted certification system in the world.

A Simplified Approach to Renewable Energy Compliance

The renewable energy landscape keeps evolving, and staying ahead means having the right tools at your disposal. Our integration with Evident represents more than a technical upgrade – it's about giving you back the time and peace of mind to focus on what truly matters: growing your business sustainably.

Ready to experience a better way to manage your RECs? Contact us and let's talk about how our platform can advance your sustainability efforts.

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