Clean Incentive Launches the Granular Marketplace with First-Ever Spot Trade of Hourly RECs
- Casey Martinez
- Apr 8
- 2 min read
Updated: Apr 22

FOR IMMEDIATE RELEASE
Houston, Texas – April 22, 2025 – Clean Incentive today announced the first-ever spot transaction of hourly Granular Certificates (GCs) using its Granular Registry and Marketplace, marking a significant advancement in high-impact, transparent renewable energy procurement. This pioneering trade introduces a new level of precision and credibility to the procurement of renewable energy certificates (RECs).
In this inaugural transaction, HASI procured high-impact RECs from a Texas wind farm, utilizing Clean Incentive’s Granular Registry and Marketplace. This groundbreaking platform, aligned with the EnergyTag Standard, transforms traditional RECs into GCs with precise hourly timestamps. Employing the GHG Protocol’s Project Accounting Standard, the GCs were enriched with detailed locational long-run carbon impact metrics. Clean Incentive ensures the highest standards of transparency and accuracy in carbon accounting.
"This transaction validates our mission to make granular energy procurement accessible, transparent, and impactful for all organizations," said Casey Martinez, CEO of Clean Incentive. "The Granular Registry and Marketplace enables companies of all sizes to procure and report using time- and impact-aware certificates, and our independent REC carbon impact calculations empower buyers to make strong, credible claims rooted in transparent data."
The Granular Registry's incorporation of long-run carbon impact ensures each certificate precisely quantifies the environmental benefits achieved. This allows HASI and other corporate buyers to target renewable energy procurement when and where it can displace the highest levels of fossil-fuel-generated emissions, significantly amplifying the positive climate impact.

"This new capability enabled us to identify and retire RECs with the highest carbon impact available, helping us meet our annual matching and emissions impact accounting goals," said Chad Reed, Vice President - Strategic Initiatives, Sustainability & Impact. "By leveraging granular certificates, we’ve aligned our procurement strategy with our mission to prioritize measurable emissions reductions and match procurement with induced emissions in a verifiable way."
The Granular Registry and Marketplace support robust, consistent carbon accounting practices worldwide by delivering an independent, transparent, and globally replicable approach.
This milestone transaction underscores HASI’s ongoing commitment to climate leadership and precision in carbon accountability, further establishing its position as a pioneer in sustainable finance.
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About Clean Incentive
Clean Incentive operates the Granular Registry and Marketplace, building the essential transaction infrastructure to enable and expand granular carbon accounting on a global scale. By providing precise, hourly-based REC tracking and trading solutions, Clean Incentive empowers organizations worldwide to demonstrate and maximize their emissions reductions clearly. This globally scalable infrastructure supports transparent, verifiable, impactful sustainability strategies, facilitating accurate and credible corporate climate accountability across all geographies.
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About HASI
HASI is an investor in sustainable infrastructure assets advancing the energy transition. With approximately $14 billion in managed assets, our investments are diversified across multiple asset classes, including utility-scale solar, onshore wind, and storage, distributed solar and storage, RNG, and energy efficiency. We combine deep expertise in energy markets and financial structuring with long-standing programmatic client partnerships to deliver superior risk-adjusted returns and measurable environmental benefits. HA Sustainable Infrastructure Capital, Inc. is listed on the New York Stock Exchange (Ticker: HASI). For more information, visit www.hasi.comÂ
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