The U.S.-based NGO Center for Resource Solutions (CRS) presented a Renewable Energy Markets™ Asia Award to PTT—the Thailand-based energy company—for its role in promoting and expanding the use of clean, renewable energy in Asia. The awards were presented on 9 March 2021, during the virtual Renewable Energy Markets™ Asia conference.
In response to the growing demand for voluntary renewable energy purchases in Thailand, including among the industrial and business sectors, PTT launched ReAcc, a commercial-grade blockchain-based solution that facilitates renewable energy procurement. With ReAcc, PTT streamlines the challenges to multinational corporations of sourcing clean energy and energy attribute certificates. ReAcc is the first in Thailand to provide end-to-end services, and launched its first product—and first transaction— at the end of last year with a UK-based company and a local developer.
“PTT’s ReAcc is an excellent example of how utilities in Asia can help match available local renewable energy resources with large buyers,” said Jennifer Martin, executive director of Center for Resource Solutions, which presented the awards. “We are pleased to recognize PTT’s leadership and innovation in expanding the market for Thailand’s clean energy.”
You can watch a video of all the REM Asia Award Winners here.
About the Renewable Energy Markets Asia Awards
Presented online at Renewable Energy Markets™ Asia, the Renewable Energy Markets™ Asia Awards recognize individuals and organizations that are building markets or demonstrating leadership in green power procurement in Asia. Applicants may include organizations using renewable energy, project developers, policy advocates, certificate providers, electricity suppliers, or others influential in developing and growing green power markets. The awards are presented by the NGO Center for Resource Solutions, and chosen by an independent selection committee. Learn more at www.renewableenergymarkets.com/asia/awards.
PTT Public Company Limited is a Thailand-based multinational energy company engaged in the gas and petroleum businesses. PTT strives for sustainable economic and social growth for Thailand through corporate governance-based operations that are sound, transparent, and accountable. Learn more about PTT at www.pttplc.com and about ReAcc at https://reacc.io/.
About Center for Resource Solutions
Center for Resource Solutions’ (CRS’s) leadership through collaboration and environmental innovation builds policies and consumer-protection mechanisms in renewable energy, greenhouse gas reductions, and energy efficiency that foster healthy and sustained market growth. CRS runs the Green-e® certification program, the leading independent consumer protection program for the sale of renewable energy and greenhouse gas reductions in the retail market. Green-e provides forward-thinking organizations a simple, internationally recognized logo they can use to communicate their renewable energy and climate commitment to their customers and stakeholders. Learn more about CRS at resource-solutions.org.