APX launches Michigan RECs system
APX, an infrastructure provider for environmental and energy markets, has launched the Michigan Renewable Energy Certification System (Mirecs) and hinted at future plans to enable inter-market management of renewable energy assets.
The Mirecs system will issue, track, and enable retirement of Michigan Renewable Energy Credits (RECs), Advanced Cleaner Energy Credits, Michigan Incentive Renewable Energy Credits and Energy Optimisation Credits under the state’s Clean, Renewable and Efficient Energy Act.
The APX environmental market platform creates, tracks, and enables trading of environmental credits by creating a unique, traceable digital certificate for every megawatt hour of qualifying energy generated by facilities
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