Unergy
  • ☀️Introduction
    • Abstract
    • Motivation
  • 🔃Protocol
    • Introduction
    • The uWatt: A stable currency collateralized in clean energy
      • uWatt reference value
    • Project origination
      • pWatt tokens
      • Project milestones
    • The Swap
      • Swapping pWatts into uWatts
      • External pWatt holders
      • Swap factor
      • pWatts ‘outside’ the Reserve
    • Energy tokenization and generation tracking
      • Tracking of energy monetization
      • Renewable Energy Certificates (RECs)
    • Management of funds in the Reserve
      • Collecting project income
      • Operation and maintenance expenses
      • Liquidity pool funding
      • Depreciation compensation
        • Asset value calculation
        • Asset depreciation compensation
        • Avoiding overcompensation
      • Distribution of rewards
  • 🗳️Governance
    • Overview
    • Choosing the cash flow discount rates
    • Protocol upgrades
    • Milestone validation
  • 💡Remarks
    • Types of projects
      • Self-consumption projects
      • Utility-scale solar energy Projects
    • Nature of the Unergy Protocol tokens
      • Nature of the uWatt token
      • Nature of the pWatt tokens
    • Incentives for funding Projects
  • 🚒Risks and mitigation
    • Origination risks
      • Delays in the construction or procurement phase
      • Failure to install the Project
    • Real-world funds management
    • Project qualification
      • Technical feasibility
      • Financial feasibility
    • Installer qualification
  • 📓Miscellaneous
    • Protocol implementation
    • Definitions and terminology
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  1. Protocol
  2. Energy tokenization and generation tracking

Renewable Energy Certificates (RECs)

Given that the clean energy generated by the Projects has a quantifiable positive environmental impact, Projects can emit RECs, which represents the generation of 1 megawatt-hour from a renewable energy source. The RECs allow a company or individual to claim that the electricity they consume is renewable. For this, the entity making such a claim must retire it, by burning the corresponding token.

When energy reports are made, a REC token is minted (or a fraction of it). The REC tokens will be distributed among the uWatt holders in the same manner as the uWatt themselves are. Each REC holder will then have the choice of holding the REC, trading it, or burning it to certify his/her environmental impact.

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Last updated 1 year ago

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