Renewable energy system owners can now sell Renewable Energy Certificates (RECs) based on the monitoring and reporting services of Fat Spaniel Technologies, Inc.
The company announced that it has been designated a Qualified Reporting Entity (QRE) for the Western Region Electricity Generation Information System (WREGIS), a regional registry and tracking system for Renewable Energy Certificates (RECs).
"Fat Spaniel’s approval as a QRE for WREGIS is a testament to the importance of a trusted independent source of renewable energy system data collection and reporting," said Chris Beekhuis, president and CTO of Fat Spaniel Technologies. "The fast-growing voluntary and compliance REC markets represent a critical source of additional revenue for renewable energy systems. By quantifying and verifying a system’s power production, Fat Spaniel helps energy customers and project owners turn their clean energy generation into additional cash flow through REC sales."
RECs are tradable environmental commodities that represent proof that one megawatt-hour of electricity was generated from an eligible solar electric, wind or other renewable energy resource. WREGIS is an accounting system that issues, registers and tracks RECs within the region covered by the Western Electricity Coordinating Council (WECC), which includes 14 states, two Canadian provinces, and Baja California.
"WREGIS is focused on providing independent and verifiable information on generation of renewable energy within the Western interconnection. By providing verifiable and reliable data, Fat Spaniel will be an important part of the WREGIS program," said Constance White, WREGIS director. "This data will be valuable to those states with renewable energy policies."
About Fat Spaniel Technologies
Based in San Jose, Calif., Fat Spaniel Technologies, Inc. is a provider of monitoring and reporting services for distributed, renewable energy systems enabling more efficient diagnostics and maintenance, more compelling visualization, and more usable revenue-grade data for billing, REC trading and performance-based incentives.
Fat Spaniel acts as an independent monitoring service provider and delivers information that is used by system owners, system installers, PPA service providers, equipment manufacturers, project financing firms, renewable energy credit markets and energy utility regulatory agencies.
Fat Spaniel products are presently deployed in over 1000 locations in 12 countries worldwide. Fat Spaniel is funded by Element Partners, Chrysalix Energy, Ignition Partners, PCG Clean Energy & Technology Fund and Applied Ventures, LLC, the venture capital arm of Applied Materials, Inc.
About WECC
WECC-one of the eight electric reliability councils in North America, encompassing a geographic area equivalent to over half the United States-is responsible for promoting electric system reliability and providing a forum for coordinating the operating and planning activities of its 189 member organizations. The members-representing all segments of the electric industry-provide electricity to 71 million people in 14 western states, two Canadian provinces, and portions of one Mexican state.
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