Midwest Renewable Energy Tracking System Inc

The Midwest Renewable Energy Tracking System Inc (M-RETS) is a nonprofit organization dedicated to promoting environmental sustainability through the tracking of renewable energy resources. It operates a leading environmental attribute tracking platform, fostering emerging markets across North America and supporting organizations in achieving their sustainability goals.

History and Structure

M-RETS was initiated in 2007 as a regional effort among several states in the Midwest to track renewable energy generation. It partnered with states including Wisconsin, Minnesota, Iowa, North Dakota, and South Dakota to create a comprehensive tracking system. The organization is structured as a 501(c)(4) nonprofit, which focuses on social welfare rather than charitable activities.

Functionality

M-RETS' primary function is to track and verify renewable energy production, issuing certificates for each megawatt-hour generated by registered entities. This system prevents double-counting and ensures that environmental benefits are accurately attributed to renewable energy generators. The platform is used for both compliance and voluntary markets, allowing organizations to demonstrate their commitment to sustainability by tracing renewable electricity and thermal energy.

Operations and Impact

M-RETS provides critical data and transparency for generators, utilities, and marketers, facilitating the trading of renewable energy credits (RECs) and other environmental attributes. By layering hourly data, the system matches energy use with renewable energy produced at the same time, enhancing the efficiency of renewable energy markets. M-RETS operates across North America, collaborating with industry experts to drive knowledge and data access in emerging environmental markets.

Financials

In recent years, M-RETS has reported significant revenues primarily from program services, with minimal contributions from investment income. The organization's expenses include executive compensation and operational costs, reflecting its focus on maintaining a robust tracking platform. In 2023, M-RETS recorded revenues of approximately $5.67 million and expenses of about $6.03 million, with total assets valued at around $5.38 million.

Mission and Role in Sustainability

As a mission-driven organization, M-RETS plays a pivotal role in supporting the transition to a carbon-free economy. It provides a superior tracking system at competitive costs, leveraging technology to help organizations achieve their sustainability goals more efficiently. By facilitating the trading of environmental attribute certificates, M-RETS enables renewable energy generators to access premiums for their green products, thereby incentivizing further investment in renewable energy technologies.