09-16, 11:30–12:00 (US/Central), Michigan Stage ( creatives / trad business )
The existing renewable energy certificate (REC) marketplace is similar to booking travel in the 1990s with a great deal of manual work and brokers (e.g., travel agents) - the internet and Expedia, among others, replaced that system. Innovo Markets is building the same thing for the REC marketplace so power producers (solar, wind, hydro) can sell their RECs directly to corporations (Amazon, Apple) instantaneously instead of a 30-60 day lag. New laws are creating tailwinds in the space that are estimated to grow the market from $20 billion today to over $110 billion by 2030. Using blockchain as the underlying technology to build the digital marketplace streamlines the buying/selling of RECs and creates a transparent record of activity.
The below video trailer (< 2 min) provides an overview.
https://docsend.com/view/72ijgcsz2qryiesf
Pratik, is a former CIO, and has 20 years in trading markets and helped Societe Generale launch its first electronic pricing platform in emerging market currencies for NDFs. His experience in fixed income, interest rate swaps, and FX for major international banks is essential for building an electronic marketplace.