Jasmine is the easiest way to track prices, verify renewable energy generators, and buy & sell Energy Attribute Certificates (EACs/RECs). Access liquidity on standardized commodity pools and trade efficiently with faster settlement and automatic retirement.
Hey Product Hunt!
A massive thank you to @mwseibel for hunting us! I'm Nathalie from Jasmine Energy joined by my cofounders @mattmayberry@tdaltonc1 and @vinceenachescu. Over the last year we've been building Jasmine Energy with one simple goal: to make financing climate solutions easy, open, and transparent for EVERYONE.
💢 What's the problem?
Energy Attribute Certificates (EACs) also known as Renewable Energy Credits (RECs) are a valuable source of revenue for renewable energy generators and are worth up to $500/REC! The problem is the REC market is stuck in a dot com era time capsule. The whole process is confusing and time consuming, taking weeks to register and days to trade. Jasmine reduces the transaction time from days to seconds and facilitates a whole new class of financial derivatives (futures, shorts, options, etc).
🤝 Our Solution
For Developers: Program clean energy into your smart contracts, build with Jasmine to support renewable energy markets and partner with us to accelerate grid decarbonization.
For Climate Actors: Choose high impact and ensure accurate carbon accounting - rely on our trusted Green-E, current vintage, solar, and wind RECs to directly support your sustainability objectives.
For Credit Suppliers: Upgrade your portfolio with always-on fair prices. Auto-sell RECs at a posted market price. Never need to call your broker ever again.
For Asset Traders: Increase liquidity, track live prices, and trade efficiently with faster settlement and automatic retirement.
♻️ How does this directly help the climate?
Higher liquidity in the REC market would make renewable energy (RE) projects less riskier to finance; attracting new investment for renewables to accelerate our transition to carbon free electricity.
Jasmine is bringing RECs on to the blockchain not just for the transparency and liquidity benefits, but also because DeFi will quickly generate the financial derivatives to accelerate grid scale project financing.
🙏🏼 Asks
If you have any questions or feedback, leave a comment, and we'll be here to help. We’d also love introductions to commodity traders, utility and non utility generators (NUGs), and builders using blockchain to provide climate solutions.
Here's to our green(er) future! 🥳
Having firsthand experience in the energy sector, I can vouch that this solution is revolutionary.
We will be using Jasmine to buy the RECs. The ease of purchase and the ability to liquidate present huge opportunities for us.
Congrats to the talented Jasmine team!
Awesome initiative, Nathalie and team! 🌿 The way Jasmine Energy is modernizing the REC market, not only streamlining the process but also opening doors for innovative financial tools via DeFi, is truly impressive. This could be a game-changer in accelerating renewable energy financing. Keep pushing the boundaries 💡🌍
@emmettm Thanks Emmett! To accelerate grid decarbonization we need to accelerate climate financing requiring more efficient markets and trading strategies made possible with DeFi. Looking forward to building with you!
Congratulations, team! Such an awesome product with a lot of really great, stand-up people behind it. The future is bright and I am hyped to see what's next.
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