REDEX and Ant Digital Technologies Achieve Milestone – First Successful Solar Rooftop Registration for REC Issuance in China

REDEX, in collaboration with Ant Digital Technologies, is thrilled to share that we have carried out the first successful solar rooftop asset registration for Renewable Energy Certificates (RECs) issuance in China. This significant milestone showcased our capabilities to both shorten the time and simplify the effort needed to onboard residential rooftop solar devices. It also aligns with REDEX’s goals to support sustainable energy initiatives by providing a reliable, transparent, and efficient marketplace for RECs trading, thereby helping companies to achieve their sustainable energy goals.

This successful outcome was the culmination of a joint workshop held from 13th to 16th May 2024 at Hangzhou, China. Leveraging on REDEX’s capabilities in managing the full lifecycle of RECs, including asset registration, RECs issuance, trading and redemption on its ledger-enabled solution, REHash, participants worked together to: enhance API data flows between both companies’ technological systems; explore the trading of RECs on the Ant ecosystem platform; streamline processes; and broaden market access.

Previously in 1Q2024, REDEX signed an agreement that allowed it to tap Ant Digital Technologies’ B2B connections with large solar installers and vast database of residential solar owners. With new rooftop solar energy capacity in China forecasted to reach up to 300 GW between 2022 to 2027, our partnership with Ant Digital Technologies positions REDEX as a premium service provider to onboard distributed solar in China and support the country’s sustainable energy future.

Besides achieving tangible outcomes, the workshop also strengthened ties between the technical teams from both companies, highlighting the importance of nurturing impactful collaborations to resolve the global climate crisis.

A big thank you to Ant Digital Technologies for kindly hosting us at their office and we look forward to more meet-ups to advance net zero for present and future generations!