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.

Discussion