Pioneer Solutions, a leading provider of Renewable Energy and Guarantee of Origin certificate management software, announced today that it will join the 9th edition of the REC Market Meeting, the global expert meeting on energy attribute certificate tracking systems. Held in 12-13 March in Amsterdam, the Netherlands, REC Market Meeting conference offers an opportunity to discuss the challenges and software solutions related to energy attribute tracking systems and associated developments across the globe.
Renewable Energy Certificates are issued to renewable energy producers and the electronic document is used to guarantee to consumers that the energy delivered is produced from renewable resources. As the renewable energy market grows, so will the volume of GO cancellations and customer demands. As a result, it will outgrow current usage of spreadsheet-based systems, reliance on the Registry portals, and cumbersome functionality in legacy ETRM systems. None of those were designed to capture all GO transactions, perform position management and valuation, as well as settlement and invoicing.
“Pioneer Solutions is uniquely positioned with its proven RECTracker software application, which automates the end-to-end GO/REC tracking and management of processes from generation to assignment and retirement or expiration,” said Hugo Stappers, Director of Sales & Marketing for Pioneer EMEA. “Managing all the attributes and linkages requires a systematic approach for capturing, inventory management, position and risk management, settlement and (compliance) reporting.”
RECTracker is a comprehensive software solution that automates the end-to-end management and trading of renewable energy credits (RECs) also known as (Renewable) Guarantee of Origins, Renewable Obligation Certificates, and Green Certificates. RECTracker is designed to facilitate enterprise-wide inventory tracking, trading and compliance, supporting multiple compliance jurisdictions and RECs tracking systems for various mandatory and voluntary compliance markets. The solution minimizes financial and regulatory risks while automating comprehensive trading, trade matching, tracking, accounting, compliance and management processes related to RECs, for Traders, Energy Retailers, Generators, and participants in Compliance Markets.
Pioneer Solutions is a global provider of C/ETRM, environmental management, and financial and regulatory compliance solutions. Serving utilities and trading companies across the globe, Pioneer’s suite of flexible software applications delivers easy-to-use and integrated functionality for Trade Capture, Position Analysis, Portfolio Management, Risk Reporting and Settlement, thereby providing the insight and granularity to manage operations optimally. The company’s pioneering and award-winning software offers a user-configurable environment designed for rapid deployment, resulting in a lower total cost of ownership and enhanced customer satisfaction.