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Renewable Energy Certificate - Company Evaluation Report, 2025- Product Image
Renewable Energy Certificate - Company Evaluation Report, 2025- Product Image
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Renewable Energy Certificate - Company Evaluation Report, 2025

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  • 115 Pages
  • August 2025
  • Region: Global
  • Markets and Markets
  • ID: 6163830
Description Jump to:
The Renewable Energy Certificate (REC) Companies Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for Renewable Energy Certificate (REC). This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and emerging trends shaping the industry. The analyst's '360 Quadrants' evaluated over 100 companies, of which the Top 21 Renewable Energy Certificate (REC) Companies were categorized and recognized as quadrant leaders.

Governments around the world are actively encouraging the use of Renewable Energy Certificates (RECs) to support the transition to renewable energy and reduce carbon emissions. Numerous countries have adopted Renewable Portfolio Standards (RPS) or similar regulations that require a certain percentage of electricity to be generated from renewable sources. Key participants in the REC market include corporate buyers, utilities, and green energy initiatives, with an increasing demand for procurement strategies focused on sustainability.

A Renewable Energy Certificate (REC) is a market-driven instrument that signifies ownership of the environmental, social, and other non-power benefits of renewable electricity generation. RECs are issued when one megawatt-hour (MWh) of electricity is generated and fed into the grid from renewable sources like wind, solar, hydro, biomass, biogas, and geothermal energy.

The 360 Quadrant maps the Renewable Energy Certificate (REC) companies based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Renewable Energy Certificate (REC) quadrant. The top criteria for product footprint evaluation included .

Key players in the Renewable Energy Certificate (REC) market include major global corporations and specialized innovators such as 3Degrees, Inc., Statkraft, Enel Spa, Shell Energy, EDF Trading Limited, Engie, STX Group, South Pole, Ecohz, Climate Impact Partners, Sterling Planet, The Green Certificate Company, Ofgem, Grid-India, Targray, Nextera Energy Resources, LLC., ACT, AFS, Evolugen, Native, and Nvalue. These companies are actively investing in research and development, forming strategic partnerships, and engaging in collaborative initiatives to drive innovation, expand their global footprint, and maintain a competitive edge in this rapidly evolving market.

Top 3 Companies

Shell Energy

Shell Energy stands out in the REC market with significant investments in renewable energy projects that bolster its offerings. The company is well-positioned in high-demand regions such as North America and Europe, allowing access to a large volume of RECs due to its robust renewable portfolio. However, volatility in REC pricing presents challenges impacting Shell's revenue. Despite this, Shell's strategic product launches, such as the RECO platform, enhance their portfolio, expanding customer reach by enabling progressive renewable energy purchasing.

ENGIE

ENGIE has established itself through substantial investments and strategic agreements that align with its sustainability goals. It caters to a broad market, providing renewable energy solutions globally, with a focus on rigorous corporate sustainability commitments. Challenges include market competition and pricing volatility, yet ENGIE's collaborations and agreements, such as with North Shore Community Health, strengthen its foothold in the market, showcasing its capability to deliver sustainable energy solutions effectively.

Enel Spa

Enel Spa capitalizes on a strong presence in Europe and other key regions, leveraging its extensive renewable energy assets to enhance market share. The company's strategy emphasizes integrating technology to streamline operations and improve efficiency. Despite competitive pressures and market volatility, Enel Spa's focus on long-term sustainability and innovation positions it favorably within the REC marketplace. Its ability to navigate regulatory landscapes while expanding its footprint plays a pivotal role in maintaining its competitive edge.

Table of Contents

1 Introduction
1.1 Market Definition
1.2 Inclusions and Exclusions
1.3 Stakeholders
2 Executive Summary
3 Market Overview
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.1.1 Government Policies and Mandates Regarding Renewable Energy Targets
3.2.1.2 Corporate Strategies and Initiatives Toward Sustainability Goals
3.2.1.3 Transition Toward Renewable Energy Sources
3.2.1.4 Increasing Awareness of Climate Change
3.2.2 Restraints
3.2.2.1 Fluctuating Prices of Recs
3.2.2.2 High Transaction Costs
3.2.3 Opportunities
3.2.3.1 Increasing Investments in Clean Energy Projects
3.2.3.2 Government Incentives and Financial Support Programs
3.2.3.3 Elevating Demand for Solar Panels, Micro Hydropower Plants, and Micro Wind Turbines
3.2.4 Challenges
3.2.4.1 Standardization Gaps in Rec and Risks of Fraud and Duplicate Claims
3.3 Trends/Disruptions Impacting Customer Business
3.4 Supply Chain Analysis
3.5 Ecosystem Analysis
3.6 Technology Analysis
3.6.1 Key Technologies
3.6.1.1 Blockchain and Digital Ledger Technology
3.6.1.2 IoT-based Monitoring Systems
3.6.2 Complementary Technologies
3.6.2.1 Remote Sensing and Geographic Information Systems
3.6.2.2 Cloud Computing and API Integration
3.7 Patent Analysis
3.8 Key Conferences and Events, 2025
3.9 Porter's Five Forces Analysis
3.9.1 Threat of Substitutes
3.9.2 Bargaining Power of Suppliers
3.9.3 Bargaining Power of Buyers
3.9.4 Threat of New Entrants
3.9.5 Intensity of Competitive Rivalry
3.10 Impact of Generative AI/AI on Renewable Energy Certificate Market
3.10.1 Adoption of Generative AI/AI Applications in Renewable Energy Certificate Market
3.10.2 Impact of Generative AI/AI by Key End-users, by Region
3.10.3 Impact of AI in Market, by Region
4 Competitive Landscape
4.1 Overview
4.2 Key Player Strategies/Right to Win, 2020-2025
4.3 Market Ranking Analysis, 2024
4.4 Revenue Analysis, 2019-2023
4.5 Company Valuation and Financial Metrics
4.6 Product Comparison
4.7 Company Evaluation Matrix: Key Players, 2024
4.7.1 Stars
4.7.2 Emerging Leaders
4.7.3 Pervasive Players
4.7.4 Participants
4.7.5 Company Footprint: Key Players, 2024
4.7.5.1 Company Footprint
4.7.5.2 Region Footprint
4.7.5.3 Energy Type Footprint
4.7.5.4 End Use Footprint
4.8 Company Evaluation Matrix: Startups/SMEs, 2024
4.8.1 Progressive Companies
4.8.2 Responsive Companies
4.8.3 Dynamic Companies
4.8.4 Starting Blocks
4.8.5 Competitive Benchmarking: Startups/SMEs, 2024
4.8.5.1 Detailed List of Key Startups/SMEs
4.8.5.2 Competitive Benchmarking of Key Startups/SMEs
4.9 Competitive Scenario
4.9.1 Product Launches
4.9.2 Deals
4.9.3 Expansions
4.9.4 Other Developments
5 Company Profiles
5.1 Key Players
5.1.1 3Degrees, Inc.
5.1.1.1 Business Overview
5.1.1.2 Products/Services/Solutions Offered
5.1.1.3 Recent Developments
5.1.1.3.1 Deals
5.1.1.3.2 Expansions
5.1.1.4 Analyst's View
5.1.1.4.1 Key Strengths/Right to Win
5.1.1.4.2 Strategic Choices
5.1.1.4.3 Weaknesses/Competitive Threats
5.1.2 Statkraft
5.1.2.1 Business Overview
5.1.2.2 Products/Services/Solutions Offered
5.1.2.3 Recent Developments
5.1.2.3.1 Deals
5.1.2.4 Analyst's View
5.1.2.4.1 Key Strengths/Right to Win
5.1.2.4.2 Strategic Choices
5.1.2.4.3 Weaknesses/Competitive Threats
5.1.3 Enel Spa
5.1.3.1 Business Overview
5.1.3.2 Products/Services/Solutions Offered
5.1.3.3 Recent Developments
5.1.3.3.1 Deals
5.1.3.4 Analyst's View
5.1.3.4.1 Key Strengths/Right to Win
5.1.3.4.2 Strategic Choices
5.1.3.4.3 Weaknesses/Competitive Threats
5.1.4 Shell Energy
5.1.4.1 Business Overview
5.1.4.2 Products/Services/Solutions Offered
5.1.4.3 Recent Developments
5.1.4.3.1 Product Launches
5.1.4.3.2 Deals
5.1.4.4 Analyst's View
5.1.4.4.1 Key Strengths/Right to Win
5.1.4.4.2 Strategic Choices
5.1.4.4.3 Weakness/Competitive Threats
5.1.5 Edf Trading Limited
5.1.5.1 Business Overview
5.1.5.2 Products/Services/Solutions Offered
5.1.5.3 Recent Developments
5.1.5.3.1 Deals
5.1.5.4 Analyst's View
5.1.5.4.1 Key Strengths/Right to Win
5.1.5.4.2 Strategic Choices
5.1.5.4.3 Weaknesses/Competitive Threats
5.1.6 Engie
5.1.6.1 Business Overview
5.1.6.2 Products/Services/Solutions Offered
5.1.6.3 Recent Developments
5.1.6.3.1 Deals
5.1.7 Stx Group
5.1.7.1 Business Overview
5.1.7.2 Products/Services/Solutions Offered
5.1.7.3 Recent Developments
5.1.7.3.1 Deals
5.1.7.3.2 Expansions
5.1.8 South Pole
5.1.8.1 Business Overview
5.1.8.2 Products/Services/Solutions Offered
5.1.8.3 Recent Developments
5.1.8.3.1 Deals
5.1.9 Ecohz
5.1.9.1 Business Overview
5.1.9.2 Products/Services/Solutions Offered
5.1.9.3 Recent Developments
5.1.9.3.1 Deals
5.1.10 Redex
5.1.10.1 Business Overview
5.1.10.2 Products/Services/Solutions Offered
5.1.10.3 Recent Developments
5.1.10.3.1 Deals
5.1.11 Climate Impact Partners
5.1.11.1 Business Overview
5.1.11.2 Products/Services/Solutions Offered
5.1.12 Cnerg
5.1.12.1 Business Overview
5.1.12.2 Products/Services/Solutions Offered
5.1.12.3 Recent Developments
5.1.12.3.1 Deals
5.1.12.3.2 Other Developments
5.1.13 Sterling Planet
5.1.13.1 Business Overview
5.1.13.2 Products/Services/Solutions Offered
5.1.14 The Green Certificate Company
5.1.14.1 Business Overview
5.1.14.2 Products/Services/Solutions Offered
5.1.15 Ofgem
5.1.15.1 Business Overview
5.1.15.2 Products/Services/Solutions Offered
5.1.16 Grid-India
5.1.16.1 Business Overview
5.1.16.2 Products/Services/Solutions Offered
5.1.17 Saxon Renewables Pte. Ltd.
5.1.17.1 Business Overview
5.1.17.2 Products/Services/Solutions Offered
5.1.17.3 Recent Developments
5.1.17.3.1 Deals
5.2 Other Players
5.2.1 Targray
5.2.2 Nextera Energy Resources, LLC.
5.2.3 Terrapass
5.2.4 Act
5.2.5 Afs
5.2.6 Evolugen
5.2.7 Native
5.2.8 Nvalue
6 Appendix
6.1 Research Methodology
6.1.1 Research Data
6.1.1.1 Secondary Data
6.1.1.2 Primary Data
6.1.2 Research Assumptions
6.1.3 Research Limitations
6.1.4 Risk Analysis
6.2 Company Evaluation Matrix: Methodology
List of Tables
Table 1 Snapshot of Renewable Energy Certificate Market
Table 2 Corporate Climate Commitments: Goals, Targets, and Initiatives
Table 3 Role of Companies in Renewable Energy Certificate Ecosystem
Table 4 List of Patents, 2020-2025
Table 5 Renewable Energy Certificate Market:
List of Conferences and Events, 2025
Table 6 Renewable Energy Certificate Market: Porter's Five Forces Analysis
Table 7 Renewable Energy Certificate Market: Overview of Strategies Adopted by Key Players, January 2020-January 2025
Table 8 Renewable Energy Certificate Market: Region Footprint
Table 9 Renewable Energy Certificate Market: Energy Type Footprint
Table 10 Renewable Energy Certificate Market: End Use Footprint
Table 11 Renewable Energy Certificate Market: Detailed List of Key Startups/SMEs
Table 12 Renewable Energy Certificate Market: Competitive Benchmarking of Key Startups/SMEs
Table 13 Renewable Energy Certificate Market: Product Launches, January 2020-January 2025
Table 14 Renewable Energy Certificate Market: Deals, January 2020-January 2025
Table 15 Renewable Energy Certificate Market: Expansions, January 2020-January 2025
Table 16 Renewable Energy Certificate Market: Other Developments, January 2020-January 2025
Table 17 3Degrees, Inc.: Company Overview
Table 18 3Degrees, Inc.: Products/Services/Solutions Offered
Table 19 3Degrees, Inc.: Deals
Table 20 3Degrees, Inc.: Expansions
Table 21 Statkraft: Company Overview
Table 22 Statkraft: Products/Services/Solutions Offered
Table 23 Statkraft: Deals
Table 24 Enel Spa: Company Overview
Table 25 Enel Spa: Products/Services/Solutions Offered
Table 26 Enel Spa: Deals
Table 27 Shell Energy: Company Overview
Table 28 Shell Energy: Products/Services/Solutions Offered
Table 29 Shell Energy: Product Launches
Table 30 Shell Energy: Deals
Table 31 Edf Trading Limited: Company Overview
Table 32 Edf Trading Limited: Products/Services/Solutions Offered
Table 33 Edf Trading Limited: Deals
Table 34 Engie: Company Overview
Table 35 Engie: Products/Services/Solutions Offered
Table 36 Engie: Deals
Table 37 Stx Group: Company Overview
Table 38 Stx Group: Products/Services/Solutions Offered
Table 39 Stx Group: Deals
Table 40 Stx Group: Expansions
Table 41 South Pole: Company Overview
Table 42 South Pole: Products/Services/Solutions Offered
Table 43 South Pole: Deals
Table 44 Ecohz: Company Overview
Table 45 Ecohz: Products/Services/Solutions Offered
Table 46 Ecohz: Deals
Table 47 Redex: Company Overview
Table 48 Redex: Products/Services/Solutions Offered
Table 49 Redex: Deals
Table 50 Climate Impact Partners: Company Overview
Table 51 Climate Impact Partners: Products/Services/Solutions Offered
Table 52 Cnerg: Company Overview
Table 53 Cnerg: Products/Services/Solutions Offered
Table 54 Cnerg: Deals
Table 55 Cnerg: Other Developments
Table 56 Sterling Planet: Company Overview
Table 57 Sterling Planet: Products/Services/Solutions Offered
Table 58 The Green Certificate Company: Company Overview
Table 59 The Green Certificate Company: Products/Services/Solutions Offered
Table 60 Ofgem: Company Overview
Table 61 Ofgem: Products/Services/Solutions Offered
Table 62 Grid-India: Company Overview
Table 63 Grid-India: Products/Services/Solutions Offered
Table 64 Saxon Renewables Pte. Ltd.: Company Overview
Table 65 Saxon Renewables Pte. Ltd.: Products/Services/Solutions Offered
Table 66 Saxon Renewables Pte. Ltd.: Deals
Table 67 Renewable Energy Certificate Market: Risk Analysis
List of Figures
Figure 1 Solar Power Segment to Dominate Market Throughout Forecast Period
Figure 2 Above 5,000 kWh Segment to Lead Renewable Energy Certificate Market Throughout Forecast Period
Figure 3 Compliance Segment to Capture Larger Share of Renewable Energy Certificate Market in 2025
Figure 4 North America Accounted for Largest Share of Renewable Energy Certificate Market in 2024
Figure 5 Renewable Energy Certificate Market: Drivers, Restraints, Opportunities, and Challenges
Figure 6 Renewable Energy Capacity Growth, 2022 vs. 2030 (Gw)
Figure 7 Transaction Costs in US Renewable Energy Certificate Market
Figure 8 Global Investment in Clean Energy Projects, 2015-2024
Figure 9 Trends/Disruptions Influencing Customer Business
Figure 10 Renewable Energy Certificate Supply Chain
Figure 11 Renewable Energy Certificate Ecosystem Analysis
Figure 12 Patents Applied and Granted, 2015-2024
Figure 13 Porter's Five Forces Analysis for Renewable Energy Certificate Market
Figure 14 Impact of Generative AI/AI on Major End-users, by Region
Figure 15 Revenue Analysis of Key Players in Renewable Energy Certificate Market, 2019-2023
Figure 16 Company Valuation
Figure 17 Financial Metrics (EV/EBITDA)
Figure 18 Product Comparison
Figure 19 Renewable Energy Certificate Market: Company Evaluation Matrix (Key Players), 2024
Figure 20 Renewable Energy Certificate Market Footprint
Figure 21 Renewable Energy Certificate Market: Company Footprint
Figure 22 Renewable Energy Certificate Market: Company Evaluation Matrix (Startups/SMEs), 2024
Figure 23 Enel Spa: Company Snapshot
Figure 24 Shell PLC: Company Snapshot
Figure 25 Edf: Company Snapshot
Figure 26 Engie: Company Snapshot
Figure 27 Grid-India: Company Snapshot
Figure 28 Renewable Energy Certificate Market: Research Design

Companies Mentioned

  • 3Degrees, Inc.
  • Statkraft
  • Enel Spa
  • Shell Energy
  • Edf Trading Limited
  • Engie
  • Stx Group
  • South Pole
  • Ecohz
  • Redex
  • Climate Impact Partners
  • Cnerg
  • Sterling Planet
  • The Green Certificate Company
  • Ofgem
  • Grid-India
  • Saxon Renewables Pte. Ltd.
  • Targray
  • Nextera Energy Resources, LLC.
  • Terrapass
  • Act
  • Afs
  • Evolugen
  • Native
  • Nvalue

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