Singapore utility solutions Group has launched a blockchain - backed platform for the matching and trading of renewable energy certificates ( REC ) . Early buyers include City Developments and DBS Bank , while Katoen renewable energy is among the early sellers . Cleantech Solar Asia and LYS Energy Solutions have also signed agreements to place their products on the cloud platform , which is open to local and international players of any size .
Singapore utility SP Group has launched a blockchain-backed marketplace for the matching and trading of renewable energy certificates (REC). Early buyers include City Developments and DBS Bank, while Katoen Natie Singapore is among the early sellers. Cleantech Solar Asia and LYS Energy Solutions have also signed deals to place their assets on the trading platform, which is open to local and international players of any size.