Reconnect Energy
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| Showcase articles feature products, start-ups or service providers that IoTForum Editors consider impactful, innovative or successful. They will focus more on technology, business model and learnings for the wider ecosystem. We are starting with IoTnext 2017 Award winners and special mentions. If you consider that your offering should be covered send a draft to IoTForum using contact us option | Reconnect Energy was an award winner in Industrial IoT Category at IoTNext 2017 |
Renewable Energy Certificates (RECs) are tradable commodities that represent proof that 1 MWh of electricity was generated from an eligible renewable energy resource and was fed into the shared system of power lines which transport energy. A green energy provider (such as a wind farm) is credited with one REC for every 1,000 kWh or 1 MWh of electricity it produces. The intent is to incentivize carbon-neutral renewable energy by providing a production subsidy to electricity generated from renewable sources. These certificates can be sold and traded or bartered
REConnect Energy Solutions Pvt Ltd,founded in 2010, started with an aim to help companies buy and sell green energy credits. The company has launched India's first marketplace (www.clickpower.in) to transact renewable energy based bilateral contracts.It also provides investment decisions support, regulatory guidance and strategy consulting to RE investors and very large industrial consumers.
The company also provides services in the areas like wind/solar power forecasting and scheduling. It helps its clients optimize O&M activities, better power sales strategies, keep a closer watch on power plant's performance and to also meet regulatory compliance. The company uses using patented technology and state of the art algorithms based on machine learning to carry out wind/solar power forecast. Its integrated web-based platform not only helps clients to keep closer to real-time watch on forecast performance but to also have better control on project's overall performance.
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