ReTEX

ReTEX

Renewable Energy Tracking and Exchange platform powered by Ethereum and Polygon where the users are able to track, buy and trade renewable resources and generate Renewable Energy Certificates (REC).

ReTEX

ReTEX

Renewable Energy Tracking and Exchange platform powered by Ethereum and Polygon where the users are able to track, buy and trade renewable resources and generate Renewable Energy Certificates (REC).

The problem ReTEX solves

There is a need for scalability of Micro Renewable Energy Certificates (Micro RECs) at the small prosumer level. The current renewable energy ecosystem lacks an efficient mechanism to recognise and reward prosumers at the micro-scale, such as solar rooftop owners, for their contribution to clean energy generation. As a result, these prosumers are unable to monetise their surplus energy effectively, leading to untapped potential and a missed opportunity for sustainable growth. Additionally, the absence of a standardized verification system poses challenges in ensuring transparency and trust in renewable energy transactions. This calls for a solution that addresses these issues and empowers prosumers to fully participate in the renewable energy market.

Challenges we ran into

We ran into minor issues while integrating our smart contracts with the front-end, soon we were able to get over it.

Tracks Applied (3)

Ethereum + Polygon Track

The ReTEX solution approach leverages the Polygon blockchain to streamline the process where the user can track down dow...Read More

Polygon

Ethereum Track

By implementing smart contracts on the Ethereum blockchain, ReTEX ensures accuracy, efficiency, and transparency. Here's...Read More

Polygon

Product Design

The ReTEX solution is a de-centralized application that leverages the Polygon blockchain to streamline the process where...Read More

SafeJourney

Discussion