Amana Solar selects KrypC to launch end-to-end carbon-offset solution in Hedera public distributed ledger
EDISON, NJ / ACCESSWIRE / July 14, 2022 / KrypCaglobal technology company that automates the manufacture and distribution of carbon offsets, today announced that Amana Solar was selected CarbonCorea solution that runs on Hedera network that is carbon negative which aims to make carbon trading markets more reliable, efficient, and inclusive.
CarbonCore stores, tracks and distributes carbon credits, and acts as an end-to-end carbon offset marketplace where industrial supply and demand meet. The application can be integrated with existing platforms to allow carbon emitters to easily purchase carbon offsets, and enables environmental projects to provide carbon credits to the marketplace through a streamlined process of tokenization and mining.
Amana Solar, a global leader in rooftop solar power installation, will partner with KrypC and CarbonCore to develop advanced, highly granular Renewable Energy Credits (RECs), which enable efficient monitoring and offset of carbon emissions . Their critical strategic goal for the partnership is to use the CarbonCore market to issue their own Renewable Energy Certificates (RECs).
Riad Bsaibes, president and CEO of Amana Investments, said: “Amana is passionate about bringing efficient solar energy to our customers, and with the help of CarbonCore, we can go even further. CarbonCore streamlines the process of tokenizing carbon offsets, and we look forward to entering the fast-growing Web3 space to bring further innovation to the regional solar energy market. ”
Ravi Jagannathan, Founder and CEO at KrypC, said: “An important part of KrypC’s mission is to assist industry leaders like Amana and other KrypC enterprise customers by developing, deploying, and managing innovative distributed ledger solutions.CarbonCore, built on the Hedera network, is a ledger for creating trust chains for underlying VCUs/VERs/iRECs.By onboarding Amana and others businesses at CarbonCore, we help large businesses go even further on their ESG journey to confidently offset, decarbonize and make a lasting impact on global climate challenges. ”
CarbonCore is funded through a partnership with the HBAR Foundation Sustainable Impact Fund, created to provide funding for a variety of Hedera -based solutions centered on environmental sustainability. KrypC’s decentralized architecture has capabilities for building tokenized market assets on the network – significantly reducing the time for projects and developers to build over the network.
Wes Geisenberger, Vice President of the HBAR Foundation, said: “The HBAR Foundation Sustainable Impact Fund was created with a strategic goal of developing transparency and accountability in environmental markets. We are excited to support the new partnerships CarbonCore is making with Amana, and their customers, with extensive industry knowledge.We are excited that KrypC and Amana are sharing our values in bringing the balance of our planet to the public ledger.
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For more information, please contact:
Cryptoland PR for the HBAR Foundation
Leo Park
[email protected]
About KrypC
KrypC is a technology company that has partnered with industry experts on carbon offsets and their respective marketplaces to release CarbonCore. Their team members have extensive knowledge of the scope of the ever -growing carbon market and help their customers follow every protocol. KrypC helps empower businesses with registration, development, monitoring, reporting, validation, and overall project management for the carbon listing process to enhance data credibility and verification. For more about KrypC and CarbonCore, head on over carboncore.krypc.com.
About Amana Solar
With nearly five hundred thousand square meters of industrial buildings and associated rooftops constructed annually, the AMANA Group is an undisputed partner for rooftop solar power plants. The Company was one of the first contractors approved by DEWA (Dubai Electricity and Water Authority) to provide Solar Energy Systems Installation and Maintenance Services since early 2015. This classification includes Amana personnel certified by DEWA as “Solar PV Expert” makes Amana Solar the natural choice for designing, installing and maintaining your roof-mounted solar power plants. For more information, please visit https://www.groupamana.com/.
About Hedera
The Hedera network is the most used, sustainable, enterprise-grade public ledger for the decentralized economy. The platform is managed by a council of the world’s leading organizations, including Avery Dennison, Boeing, Chainlink Labs, DBS Bank, Dentons, Deutsche Telekom, DLA Piper, EDF (Électricité de France), eftpos, FIS (WorldPay), Google , IBM, the Indian Institute of Technology (IIT), LG Electronics, Magalu, Nomura Holdings, ServiceNow, Shinhan Bank, Standard Bank Group, Swirlds, Tata Communications, Ubisoft, University College London (UCL), Wipro, and Zain Group.
For more information, visit www.hedera.com, or follow us on Twitter at @hedera, Telegram at t.me/hederahashgraph, or Discord at www.hedera.com/discord. The Hedera whitepaper can be found at www.hedera.com/papers.
About the HBAR Foundation
Founded in 2021, the HBAR Foundation strengthens the development of the Hedera ecosystem by providing grants and other resources to developers, startups and organizations aimed at launching decentralized applications in DeFi, NFT, CBDC, sustainability, gaming and more. sector. In addition to providing funding through a streamlined donation process, the HBAR Foundation acts as an integrated force multiplier through expert support across technical, marketing, business development and other operational functions required. measure. For more information, please visit https://hbarfoundation.org/ or follow the Foundation on Twitter @HBAR_foundation.
SOURCE: HBAR, Inc.
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https://www.accesswire.com/708489/On-Chain-Carbon-Solutions-Provider-KrypC-Onboards-Solar-Power-Leader-onto-CarbonCore-Platform