Connecticut Clean Energy Fund REC Program
In September of 2004, Clean Power Markets, along with team members VAIES, Inc. and GFI Group, was selected to provide a turnkey solution to manage the Connecticut Clean Energy Fund's (CCEF) renewable energy credits (RECs). Currently CCEF has eight renewable energy projects that qualify as Connecticut Class I renewables under the Connecticut Renewable Portfolio Standard. In order to monetize the value of the RECs from this program, Clean Power Markets manages the RECs for these projects on behalf of CCEF. CPM utilizes its proprietary software platform to upload monthly production data from monitoring systems at each site, inputs the production and emissions data into the New England Generation Information System, and provides on-line reports to CCEF the REC and revenue status. The team's innovative approach helps CCEF further commercialize renewable energy resources in Connecticut.