HOW IT WORKS
GREN is a renewable energy marketplace
GREN is backed by 1MWh of renewable energy generated by active solar, wind, geothermal, waste-to-energy and small hydro projects globally.
The Reneum Institute, certifies REC instruments, validating compliance with REC standards including receipt of no other RECs or carbon credits.
Once the Reneum Institute certifies an operational renewable energy project, the project is entitled to Reneum tokens for all future energy generated.
GREN holders will benefit from governance rights that allow voting on Reneum Institute community decisions like priority markets and incentive fees for market participants.
WHAT IT REPLACES
- RECs are traded through multiple intermediaries, driving costs and opacity for developers
- Crypto miners have no easy and trusted option to procure renewable energy
- Environmental instruments are complex to verify and certify
- Emerging markets are lagging in international investment
- GREN tokens are issued directly to projects to trade themselves and monetize on demand
- Partnered with Crypto Climate Accord to help crypto miners green their footprint
- Reneum’s fully-traceable GREN token is stored immutably on the blockchain
- Reneum’s global market drives investment into regions that need it most
WHY BUY GREN ?
GREN allows buyers to vote for renewables.
with their power!
In most countries, grid-based electricity comes from fossil fuel sources. Consumers have no choice or control to select their energy mix and opt for green power, even if they want to.
GREN token proceeds go directly to the renewable energy project owners to help them maintain operations. GREN funds are reinvested by developers to build new renewable energy, meaning by buying GREN, you are investing in new renewable energy.
GREN is the largest global marketplace for renewable energy, and the first available on a totally decentralized network. By buying GREN, you are contributing to the renewable energy transition.
WHO BUYS GREN?
anyone who wants to go green
GRENs help environmentally-conscious individuals green their footprint, allowing them to contribute to the global clean energy transition.
Multinational companies around the world are setting renewable energy targets through initiatives like RE100, Science-Based Targets, or Climate Pledge, and RENW tokens help them to demonstrate their compliance.
With the rise of energy-intensive cryptocurrencies, crypto miners need an alternative to the fossil-fuel powered grid. GRENs neutralize the deleterious effects of mining with fossil fuel-powered electricity.