Reneum awarded prestigious Filecoin Green grant to supercharge a Web3-powered transition to renewable energy
LONDON, Reneum Institute, the clean energy crowdfunding platform built on the blockchain, has been selected as one of the grantees of the $1 Million Regenerative Finance (ReFi) Green Grants Program by Filecoin Green, the Protocol Labs initiative to decarbonize the Filecoin network and the greater Web3 ecosystem. Awarded $150,000, the funding will support Reneum’s public launch in Q2 2023, allowing individual and corporate investors to truly catalyze the energy transition and create long-term climate action.
The two companies are set to address the shortcomings of traditional renewable energy storage solutions for digital environmental assets, paving the way for a new standard of transparency, trust and access to renewable energy markets.
With immediate focus on the 2030 energy transition target, Reneum is a vehicle for funding renewable energy projects worldwide, with a mission to help mobilize the $4 to 6 trillion per year required to realize the energy transition. The Filecoin Green grant is a critical milestone for Reneum’s green ecosystem, the proceeds of which will be applied to further product development and to expand the onboarding of renewable energy projects in emerging markets.
Brianna Lee Welsh, CEO & Co-Founder, commented: “We need to fundamentally rethink the role of carbon credits in our global fight against climate change. Until now, the ReFi movement has mainly focused on carbon, however recent industry trends have highlighted the importance of shifting our focus towards funding renewables through 2030 to reach net zero targets. As we strive to reach this goal, this partnership unlocks further benefits of using blockchain technology as a vehicle for funding climate solutions and enables us to continue to set the standard for green energy transparency.”
Alan Ransil, Founder of Filecoin Green, added: “We’re proud to partner with the Reneum Institute as we drive ReFi into its next era of adoption. Our ReFi grants program extends the work of Filecoin Green, and we look forward to partnering with Reneum as we continue to build the infrastructure that will allow anyone to make transparent and substantive environmental claims. Through the power of open source technology and crowdsourcing, which share so much in common, together we will unleash this new era of transparency, verifiability, and impact.”
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