Buy RECs that make an impact.

Raise the bar on Renewable Energy Certificates with an emphasis on additionality and emissionality. Mitigate scope 2 emissions and get to 100% renewable energy.

Make your projects a reality with clean energy tax credits

Sell your tax credits to third-party buyers to help secure project financing and add new renewables to the grid.

The trusted platform for buying high-impact RECs

REC methodology

Our high-impact RECs ensure that every certificate sold directly contributes to the financing and viability of new projects, addressing the core issue of additionality in a way that traditional markets have failed to do.’s new approach prioritizes long-term contracts, meaningful pricing, and rigorous additionality testing to ensure that REC purchases provide substantial economic benefits to renewable projects, making them more attractive to investors and more likely to proceed.

What makes them high-impact?

To accelerate the transition to renewable energy, companies buy Renewable Energy Certificates (RECs) via long-term contracts with yet-built projects. As with Virtual PPAs, these long-term contracts can make projects happen that would not have happened otherwise, a concept known as additionality. aggregates demand for high-impact RECs into contracts with minimal risk and a size and length that is accessible to most businesses. We test for additionality and bring greater transparency to the impact of every REC on every project on the planet.

Most spot-market RECs's high-impact RECs

Spot purchases from brokers for existing projects

5-15 year forward contract connected to future project

Barely clears minimum scope 2 standards

In-line with GHG Protocol best practices

No transparency or reporting on environmental or social impacts

Robust reporting via ESG Scorecard and estimated of avoided emissions for each REC

Lower price, variable year to year, set by REC brokers in the voluntary market

Higher price, based on term and having a material impact, fixed for the entire contract giving price certainty,

Does not help make new projects happen

Material impact on standing up new projects

Frequently Asked Questions

What are RECs?

A renewable energy certificate, or REC, is a legal instrument that gives its holder  the exclusive right to claim the purchase of an amount of renewable energy, usually one (1) MWh. Once a REC has been purchased, federal regulations state that no other party has the right to claim the use of that MWh of renewable energy, even if that party directly consumes that energy federal tax liability.

Individuals, family offices, and closely held private companies can offset federal tax liability from passive income.

Who can sell RECs?

Any producer of renewable energy registered with the appropriate renewable energy tracking system. A renewable energy tracking system can be created by a state with a renewable portfolio standard (goals for production of renewable energy within the state), or it may be a private or non-profit entity. If a state’s renewable portfolio standard’s goals for a specific technology have not been met, RECs generated using that technology in that state are called “compliance RECs.” RECs generated in states without an RPS or whose RPS standards have been met for the technology used to generate them are called “voluntary RECs.”

Who can buy RECs?

In practice, anyone can buy RECs, and in fact many individuals receive renewable energy credits from community solar projects or are allocated them by their utilities. Generally, however, works with companies, nonprofits and other organizations that need to purchase RECs to meet their sustainability goals.

How can RECs help me meet my sustainability goals?

‍When an organization looks to reduce its greenhouse gas emissions, it has to evaluate three different categories of emissions - Scope 1, Scope 2 and Scope 3.

  • Scope 1: Direct emissions (e.g., emissions created by the organization’s own manufacturing facilities, or from vehicles needed to provide the Company’s services)
  • Scope 2: Indirect emissions attributable to the Company’s energy use.
  • Scope 3: Indirect emissions attributable to the Company’s supply chain and customers.

RECs can most directly help an organization using power from the electric grid to address its Scope 2 emissions. Each REC represents the purchase of 1 MWh of renewable energy. Generally speaking, if an organization purchases a number of RECs equal to its energy use for a given year, then under current “market-based” accounting rules approved by the Greenhouse Gas Protocol, it is allowed to claim zero Scope 2 emissions for that year.

I’ve heard that buying RECs may constitute greenwashing. Is that true?

This idea centers around the fact that while organizations that purchase RECs claim reduced  Scope 2 emissions, they still in fact use grid power, and the United States electricity grids still depend in large part on fossil fuels such as coal, oil and natural gas. In theory, RECs are supposed to provide a way for customers to express market demand for renewable energy and thus stimulate the production of new renewable energy generation resources. Recent studies, however, have shown that evidence for this is weak, in particular outside of compliance markets. The greenwashing allegation thus stems from this suspicion that standard unbundled spot market REC purchases have little effect in greening our electricity grids.

There have been calls to heighten the standards on RECs, in large part to tie them more closely to the production of new renewable generation resources. This is why has developed the high-impact REC.

What are’s High-Impact RECs, and how are they different from normal RECs? RECs are a new REC product with two key features that are intended to guarantee that your purchase of the REC will have a high impact:

  • The REC must meet’s standards for additionality.
  • The REC must also meet the standards laid out in our ESG Scorecard.

In brief, in order to sell the RECs on a project, we require that the developer demonstrate that the RECs are material to the decision of whether or not the project will be built or will be financially viable over the life of the project. Our ESG Scorecard lays out minimum requirements with respect to the projects in terms of emissions avoidance, minimization of environmental impact, adherence to labor practices in the construction of a project and a project’s community impact.

Further, and following suggestions laid out in the current Scope 2 Guidance by the Greenhouse Gas Protocol, we contract directly with developers:

  • Only with respect to new or newly-repowered projects
  • At prices greater than the market price for spot RECs
  • Via long-term contracts on which the project can rely for funding in down years

All of these factors contribute to helping drive the creation of new renewable energy resources, or of keeping existing resources on-line. Certain projects can achieve particular distinction by accumulating “bonus” points on our scorecard, meeting criteria that are desirable but not strictly required.

Are RECs more expensive than other RECs? RECs are generally sold at a premium to current spot-market voluntary REC prices. However, we believe this higher price is justified for several reasons:


Higher-priced RECs are more likely to have high impact. One of the reasons that doubts have been raised about the effectiveness of spot market RECs in driving new renewables is the fact that they often trade $1-2 per REC. At these prices, it is implausible that a REC will have the necessary impact to drive new renewable energy generation. A good part of the higher price of an REC, therefore, is directly tied to the amount of impact the REC can have.

ESG Scorecard

The higher price and long-term contract lengths of’s High-Impact RECs also enables to gain developer cooperation in going through the certification process for our ESG Scorecard. This makes the REC, we believe, a more reliable, safer and transparent product than a REC without our ESG Scorecard certification.

Favorable pricing versus compliance RECs RECs are generally cheaper than many compliance RECs. Compliance REC markets are of limited supply but are generally thought to have more impact than voluntary REC markets, and are therefore a better comparable for the high-impact RECs.

Ability to lock in price over time’s forward purchase agreements lock in a price for several years, and it is possible that even voluntary REC prices may climb in the next several years as demand for them increases due to growing numbers of companies setting sustainability goals.

How do I buy RECs?

As noted above, RECs are only sold through forward commitments. If you see one or more REC projects on our marketplace that you would be interested in supporting through a long-term REC purchase, please contact us and we can begin the process of onboarding you as a customer before presenting you with a draft forward purchase agreement for review.

Generally, our contracting process involves back-to-back agreements with developers and end-user customers. We will enter into forward purchase agreements for RECs directly from developers on new or repowered projects, after completing a diligence process. This forward purchase agreement will also contain representations backing up the high-impact nature of the RECs. Prior to, or concurrent with, the commencement of the project’s commercial operations, will resell those high-impact RECs as RECs under forward purchase agreements with end customers.

One exception to the above is if an existing customer contract is terminating, but remains committed to purchase RECs from an existing project, may contract with a new customer to resell the newly available REC stream. We view these as RECs as still having high impact because the developer relies on the continued revenue stream from the REC sales at the time of construction to guarantee the viability of the project, and relies on the new end-user customer to enable it to meet its obligations to the developer.

What is the minimum term for an forward purchase agreement?

We generally require a minimum term of at least five (5) years.

What if I no longer need or want RECs? Can I get out of my forward commitment?

The long-term nature of’s contracts with developers are one of the key elements guaranteeing their high level of impact, so contracts cannot be terminated at convenience. However, we are open to negotiating early termination provisions with buyers provided we can find a replacement sponsor.

Are RECs Green-e certified?

Yes. We have an active account with the Center of Resource Solutions and have taken steps to ensure that all RECs we sell are Green-e certified.

Is there a limit to the number of RECs I can buy?

There is no legal limit to the amount of RECs a purchase can buy, although generally companies only buy the RECs required to match their Scope 2 emissions. Some organizations have considered purchasing RECs on behalf of their vendors and suppliers to address their Scope 3 emissions as well (or at least those elements of Scope 3 emissions attributable to energy use in an organization’s supply chain).

Once I have entered into a forward REC purchase agreement for RECs, what happens? And when do I start receiving my RECs?

Once you have entered into a forward purchase agreement for your RECs, you will receive a welcome packet containing, among other things, a summary of the terms and conditions of your REC purchase, the schedule for REC delivery and invoicing, and Green-e disclosures.

The date you first receive RECs will vary depending on the project, but will generally be within 60-90 days following either (i) the end the end of the first quarter in which the first renewable energy project that you are supporting begins commercial operation or (ii) in cases where the project is already in commercial operation, the first quarter after entry into the forward purchase agreement.

Once you begin receiving RECs you will also receive, each year, a prospective and historical summary of the source of the RECs expected to be sold, and actually sold, to you during that year.

What risks do buyers of RECs face?

REC buyers face several risks, many of which have already been addressed above.

  • Facility delays: New renewable energy projects face many challenges, not all of which are addressed by a forward purchase agreement for RECs. For example, projects may face unforeseen hurdles in obtaining interconnection, permits, or otherwise completing construction. Our contracts generally permit buyers to terminate a forward REC commitment if project completion is delayed beyond a certain point past the estimated completion date, and buyers can mitigate this risk by choosing projects nearer to completion, or by choosing repowered projects.
  • Underproduction: Renewable energy sources are generally subject to variance in production by year. This risk may vary from project to project, and technology to technology; works with customers to help identify these risks on a specific project and appropriate mitigation strategies, which may include buying slightly more RECs than required, or contracting for the sale of RECs that are of equivalent impact.
  • Overproduction: Conversely, a buyer may find that its electricity demands are less than forecasted, and find itself with more RECs than it can use to offset its Scope 2 emissions. Again, will work with customers to mitigate these risks; for example, RECs can sometimes be used in an adjacent year to the one in which they are produced, or in limited circumstances can be resold. 
  • Change in law: RECs are subject to various laws and regulations. As such, the usefulness of a REC could be changed materially by federal and state governments, or by changes enacted by non-governmental organizations with significant influence on government policy, such as the Greenhouse Gas Protocol or the Center for Resource Solutions. 

Who is is a high-impact REC and clean energy tax credit marketplace that empowers businesses of all sizes to participate in the energy transition, meet their sustainability goals, and make a financial return. Through, companies can purchase tax credits at a discount and commit to forward contracts for high-impact Renewable Energy Certificates (RECs) that help stand up new clean energy projects.'s marketplace includes streamlined transaction support, standard documentation, due diligence, filing, and compliance monitoring services to reduce risks and maximize efficiency for all parties. is a marketplace for accelerating the transition to renewable energy.

We are a team of energy, regulatory, and product experts dedicated to opening up investing in renewables to everyone and accelerating our path to net-zero emissions. We are bringing new capital to the table and funding the creation of new renewable energy and storage projects.

We have seen deals challenged by misaligned expectations,and have found that a key to success in this early market is a highly curated process, where we work with both the buy side and sell side to close deals. What you get from is a hands-on, dedicated team, legal documents to support transactions, and an ecosystem of 3rd party partners to support any diligence and filing needs.