• $150,000 Awarded will support Reneum in building its vertically integrated platform for Digital Renewable Energy Certificates (dRECs), as a key player in ReFi

• The grant follows a recent partnership with Filecoin Green’s CO2 storage solution to set a new standard for trust and transparency in renewable energy markets.

• Marketplace will launch in Q2 2023 as a vehicle to finance renewable energy projects around the world

LONDON, December 6, 2022 /PRNewswire/ — Reneum InstituteThe blockchain-based clean energy crowdfunding platform has been selected as one of the beneficiaries of the $1 million Regenerative Finance (ReFi) Green Grants Program by Green Filecoin, Protocol Labs’ initiative to decarbonize the Filecoin network and the large Web3 ecosystem. Award Winning $150,000The funding will support the public launch of Reneum in the second quarter of 2023, allowing individual and corporate investors to truly catalyze the energy transition and create long-term climate action.

The two companies are poised to address the shortcomings of traditional renewable energy storage solutions for digital environmental assets, paving the way for a new standard of transparency, trust, and access to renewable energy markets.

With immediate focus on the 2030 energy transition goal, Reneum is a vehicle for financing renewable energy projects around the world, with a mission to help mobilize energy. $4 to 6 billion by year needed to make the energy transition. The Filecoin Green grant is a critical milestone for Reneum’s green ecosystem, with proceeds from which will be applied to further product development and expanding the uptake of renewable energy projects in emerging markets.

brianna lee welshCEO and co-founder, commented: “We need to fundamentally rethink the role of carbon credits in our global fight against climate change. Until now, the ReFi movement has focused primarily on carbon, however recent industry trends have highlighted the importance of changing our focus towards financing renewable energy through 2030 to achieve net-zero targets.As we strive to achieve this goal, this partnership unlocks more benefits from using blockchain technology as a vehicle to finance climate solutions and allows us to continue to set the standard standard for green energy transparency.

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alan ransilFounder of Filecoin Green, added: “We are proud to partner with the Reneum Institute as we propel ReFi into its next era of adoption. Our ReFi grant program expands the work of Filecoin Green, and we look forward to partnering with Reneum as we continue to build the infrastructure that will allow any make transparent and substantive environmental claims. Through the power of open source technology and crowdsourcing, which have so much in common, together we will unleash this new era of transparency, verifiability and impact.”

Designed to establish a Proof of Impact model, Reneum operates as a vertically integrated platform for the identification and purchase of “digital Renewable Energy Certificates(dREC): A form of environmental product to offset pollution from fossil fuels, or “scope 2 emissions.” Reneum identifies renewable energy projects in emerging markets that need financing, audits their operations, and issues dRECs to project owners. sell in the Reneum Market.

In return, dREC buyers receive a “Verified Green Proof” (VGP), a non-transferable digital certificate labeled in the CO2.Storage folder that represents proof of contribution to the renewable energy transition. Serving as the Green Economy’s Fair Trade Label, Reneum’s VGPs are the new green standard that certifies direct climate action, giving customers and businesses full transparency of attribute data, underlying provenance and environmental credits. .

With more than 100 solar and wind projects from 25 countries ready to list, Reneum serves to establish a global market, bypassing inefficient legacy markets to accelerate financing for renewable producers in historically underserved markets. By democratizing access to dRECs, Reneum’s platform gives individuals and businesses the ability to engage in renewable financing, catalyzing previously unrealized revenue streams for renewable energy providers. Reneum aims to achieve $100 million shipped to renewable projects by the end of 2024, through individual and corporate buyers.

On Reneum Institute

Reneum is building a global green energy marketplace on the blockchain for individuals and organizations to finance climate action. Based in Singapore, brianna welsh Y Assaad Razouk founded Reneum with a vision to turn climate frustration into real impact by connecting people and businesses with certified renewable energy projects through a new form of digitized Renewable Energy Certificate (dREC). Built on the Polygon blockchain, Reneum’s next-generation green marketplace will launch in Q2 2023 and will be available worldwide. More than $4.1 million In financing, Reneum partners with some of the world’s most established investors in Web3 and climate solutions, including Outlier Ventures and Ajeej Capital.

On Green Filecoin

Filecoin Green is an initiative to decarbonize the Filecoin network and the large Web3 ecosystem. The initiative aims to build open source tools for Web3 projects to quantifiably measure and mitigate emissions generated by crypto-related activity. The initiative spearheads a verifiable clean energy future powered by crypto.

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SOURCE Reneum Institute