What MIRECS does

MIRECS (Michigan Renewable Energy Certification System) is a state-mandated web-based registry platform established by the Michigan Public Service Commission on October 30, 2009 under the authority of 2008 PA 295 (the Clean, Renewable, and Efficient Energy Act, as amended by 2016 PA 342). The system is administered by APX, Inc. pursuant to a contract with the State of Michigan, Department of Energy, Labor & Economic Growth. MIRECS issues, tracks, and enables trading and retirement of Michigan Renewable Energy Credits (RECs), Michigan Incentive Renewable Energy Credits (IRECs), Energy Waste Reduction Credits (EWRCs), and Thermal Energy converted into RECs, assigning a unique serialized digital certificate to each megawatt hour of qualifying generation or savings. Verified generation data flows from the Midwest Independent Transmission System Operator (MISO) to underpin credit issuance, and the platform is integrated with the North American Renewables Registry (NAR) and other regional tracking systems (WREGIS, NC-RETS, PJM-GATS, NYGATS, NEPOOL GIS) for cross-regional certificate transfers.

MIRECS serves four primary account segments: Michigan electric service providers with compliance obligations under the state Renewable Energy Standard, renewable energy project owners and developers seeking to monetize environmental credits, corporate buyers and retail purchasers procuring RECs for voluntary sustainability programs, and brokers and traders providing market liquidity. Named account holders include investor-owned utilities (Cloverland Electric, We Energies, Indiana Michigan Power, Northern States Power Company-Wisconsin), corporate voluntary buyers (Apple Inc., BP Energy Company), brokers (3Degrees Group), and municipal entities (City of Ann Arbor). The registry holds approximately 126-180 active accounts and 308+ projects, with more than 10 million credits issued since inception as of January 2017.

MIRECS generates revenue through a combination of one-time account registration fees, recurring annual account subscription fees, monthly certificate issuance transaction fees, and a managed services contract with the State of Michigan via APX. Reporting Entities and Program Administrators are exempt from registration and subscription fees. Distribution occurs exclusively through a self-service web portal (portal2.mirecs.org) backed by phone and email support, with no commercial marketing channels. MIRECS does not have its own AI/ML capabilities and operates as regulated infrastructure rather than a venture-backed growth company.

Name

MIRECS

Legal name

Michigan Renewable Energy Certification System

Website

https://mirecs.org

Company type

Private

Founded year

2009

Operating status

Operating

Short description

MIRECS is Michigan's state-mandated renewable energy credit registry, administered by APX, Inc. under contract with the State of Michigan. It issues, tracks, and retires RECs, IRECs, EWRCs, and thermal energy credits for Michigan utilities, project owners, corporate voluntary buyers, and brokers under 2008 PA 295.

Ownership category

akta.pro rank

Product category

Renewable Energy Credit Registry

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210), Regulation and Administration of Communications, Electric, Gas, and Other Utilities (92613)

SIC

Electric, Gas & Sanitary Services (4900), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

REC/GO Issuance Registries & Tracking Systems (EUAMAKAA)

akta.pro secondary industries

Certificate Registry & Transfer Operations (Account Mgmt, Transfers, Retirement) (EUAGAFAH), Certificate Retirement & Claims/Disclosure Management (Scope 2, Fuel Mix, Labeling) (EUAGAFAI)

Keywords

• Renewable energy certificates
• Environmental credit tracking
• Energy compliance registry
• REC issuance platform
• Renewable energy credits

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Others

Revenue model

1. Account Registration Fees: One-time registration fees charged to new account holders upon account approval. Applicable to Project Accounts, General Accounts, Retail Purchaser Accounts, and other account types.
2. Annual Account Subscription Fees: Recurring annual subscription fees for account holders to maintain access to the MIRECS registry and platform. Billed upon account approval and annually thereafter.
3. Certificate Issuance Fees: Per-month fees charged when credits are issued. Invoices generated for each month where certificates are issued to account holders. Account types that are Reporting Entities or Program Administrators are exempt from these fees.
4. Government Contract Revenue (APX): APX Inc. administers MIRECS pursuant to a contract with the State of Michigan, Department of Energy, Labor & Economic Growth. Revenue flows through the APX-State contract for infrastructure services.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

MIRECS is a web-based registry platform that issues, tracks, transfers, and retires environmental credits — Michigan Renewable Energy Credits (RECs), Michigan Incentive Renewable Energy Credits (IRECs), Energy Waste Reduction Credits (EWRCs), and Thermal Energy converted into RECs — for facilities qualifying under Michigan's Clean, Renewable, and Efficient Energy Act. The system creates unique, traceable serial-numbered digital certificates for each MWh of qualifying renewable energy generated or saved, enabling utility compliance verification, project owner monetization, and corporate voluntary procurement through its integrated marketplace with other North American registries.

Product overview

MIRECS is a single, unified web-based registry platform administered by APX for the State of Michigan. The system serves as the primary infrastructure for tracking and certifying renewable energy credits, incentive credits, energy waste reduction credits, and thermal energy converted to credits. MIRECS enables account holders to register projects, report generation data, issue and transfer credits, and retire credits for compliance with Michigan's Renewable Energy Standard. The platform integrates with other North American renewable energy registries (NAR, PJM-GATS, NC-RETS, NYGATS, ERCOT) to allow cross-regional import and export of RECs. Currently, over 126 accounts and 308 projects are registered, with more than 10 million credits issued as of January 2017.

Differentiator

Problem solved

Functional benefit

Products and services

• Michigan Renewable Energy Certification System (MIRECS) Platform Web-based registry platform that issues, tracks, transfers, and retires Michigan Renewable Energy Credits (RECs), Michigan Incentive Renewable Energy Credits (IRECs), Energy Waste Reduction Credits (EWRCs), and Thermal Energy converted into RECs. Serves Michigan electric service providers, project owners, brokers, and corporate voluntary buyers operating under Michigan's Clean, Renewable, and Efficient Energy Act.
• Project Account Registration Service Account registration service for renewable energy project owners and developers to register generation facilities (solar, wind, hydro, biomass) in MIRECS for credit issuance tied to verified generation data.
• General Account Registration Service General account registration for brokers, traders, and corporate buyers to participate in REC and IREC trading, transfers, and retirement activities within the MIRECS platform.
• Retail Purchaser Account Service Account registration service for retail purchasers (corporations and organizations) buying RECs for voluntary sustainability programs and corporate renewable energy goals.
• Inter-Registry Certificate Transfer Service Cross-registry certificate import/export service enabling RECs to be transferred between MIRECS and the North American Renewables Registry (NAR), WREGIS, NC-RETS, PJM-GATS, NYGATS, and NEPOOL GIS for integrated North American market participation.
• Energy Waste Reduction Credit (EWRC) and Thermal Energy Tracking Service Credit issuance and tracking service for Energy Waste Reduction Credits (EWRCs) and Thermal Energy converted into RECs, supporting Michigan's expanded clean energy compliance framework beyond traditional renewable generation credits.

Quantifiable outcome

• Over 10 million Credits issued since inception through January 2017
• +2 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• APX, Inc.coreImplementation/ SI/ Consulting Partner · 30 October 2009APX Inc. administers MIRECS pursuant to a contract with the State of Michigan, Department of Energy, Labor & Economic Growth. APX provides the complete market infrastructure platform including certificate issuance, tracking, trading enablement, 24/7 support, and full audit trail. APX has administered MIRECS since its inception in 2009 and was selected for its experience and proven track record in environmental market infrastructure.
• Michigan Public Service Commission (MPSC)coreOthers · 30 October 2008MPSC established MIRECS under authority conferred by 2008 PA 295 on October 30, 2009. MPSC serves as the governing body responsible for regulatory oversight and verification of compliance submissions. The Commission delegated day-to-day administration to the Electric Reliability Division.
• Midwest Independent Transmission System Operator (MISO)coreTechnology or IntegrationMISO provides generation data to MIRECS for participating generators. As the control area operator, MISO supplies verified meter data that enables credit issuance based on actual renewable energy generation. Projects must be verified through official filings with EIA or independent third-party reporting.
• North American Renewables Registry (NAR)coreTechnology or IntegrationNAR provides integrated marketplace for import and export of certificates across renewable energy markets. MIRECS can transfer RECs to NAR and accept imports from NAR, enabling cross-market trading. NAR also tracks projects in Quebec, Northern Maine, and Puerto Rico.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• WREGIS (Western Renewable Energy Generation Information System): WREGIS is the Western Interconnection's REC tracking system, providing issuance, transfer, and retirement of renewable energy certificates across western US states. It is a direct functional peer to MIRECS as a state/regional REC registry and is also integrated for cross-registry transfers.
• NYGATS (New York Generation Attribute Tracking System): NYGATS is New York State's REC and capacity attribute tracking system. It is a direct peer to MIRECS as a state-administered REC registry and is integrated with MIRECS for cross-registry transfers via NAR.
• North American Renewables Registry (NAR): NAR is a regional REC tracking system also operated by APX that serves as an integrated marketplace for cross-registry transfers. It is a direct peer and integration hub for MIRECS certificate imports and exports across North American markets.
• NEPOOL-GIS (New England Generation Information System): NEPOOL-GIS is the New England regional REC tracking system, also administered by APX. It is a direct peer to MIRECS in function and shares the same underlying technology platform, enabling coordinated tracking across northeastern markets.
• NC-RETS (North Carolina Renewable Energy Tracking System): NC-RETS is the North Carolina state REC tracking system. It is a direct peer to MIRECS as a state-level registry and is integrated for cross-registry transfers with MIRECS through NAR.
• PJM-GATS (PJM Environmental Information Services Generation Attribute Tracking System): PJM-GATS is the Generation Attribute Tracking System for the PJM Interconnection, issuing and tracking RECs and Attribute Credits for the mid-Atlantic region. It is a direct registry peer to MIRECS and is integrated with MIRECS for inter-registry certificate transfers.

Broad incumbents

• APX, Inc. APX is the parent administrator of MIRECS and operates multiple North American REC registries (NAR, NEPOOL-GIS, and others) under a unified platform. It is a broad incumbent in environmental market infrastructure that owns and operates the technology MIRECS runs on.

Emerging players

• Center for Resource Solutions (Green-e): Green-e is a leading voluntary certification program for renewable energy and carbon offset products, often operating in conjunction with registries like MIRECS for voluntary corporate procurement. It is an emerging adjacent player that interacts with MIRECS-issued credits but does not compete directly.

Others

• 3Degrees Group, Inc. 3Degrees is a renewable energy broker and consulting firm that uses MIRECS as a General Account holder to facilitate REC transactions for corporate buyers. It is thematically related as a downstream user of MIRECS-issued credits rather than a direct registry competitor.

Regional players

• ERCOT REC Trading System: ERCOT administers REC tracking for the Texas electricity market. It is a regional peer comparable to MIRECS in function but operates in a different geography with its own regulatory framework outside of MIRECS's jurisdiction.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MIRECS