Senior Vice President Luc Graré is leaving REC

Senior VP Luc Graré is leaving REC to run two own companies (photo: Luc Graré)
Senior VP Luc Graré is leaving REC to run two own companies (photo: Luc Graré)

Luc Graré, Senior Vice President Sales and Marketing of REC is leaving the company on 31st March 2017. He will head two new companies he has founded recently.

One of the two new companies is QWAY energy, is a renewable energy developer that is currently active in Kazakhstan with the development of a portfolio of 375 MW solar PV projects. QWAY energy also investigating opportunities in biomass and wind projects, and has the ambition to expand solar projects into other regions, including Benelux, Iran, UAE and Latin America. The company is based in Antwerp, Belgium.

The other company, named, was co-founded by Graré with Bitcoin and Blockchain pioneer Alexander Vasylchenko. Based in Leuven, Belgium, the
start-up aspires to become the leading peer-to-peer selling platform for corporate customers who produce excess electricity with their solar installation and wish to sell this to other companies directly instead of just feeding into the grid.

Graré, CEO of, stated “Since solar is becoming the cheapest way to produce electricity, the online platform we are developing will help to drastically drive down electricity bills and stimulate further private investment in clean energy without any government subsidy.”

Luc Graré was based for almost six years in Munich, managing the EMEA organization and leading the global marketing of REC Solar. Prior to this he set up REC’s business in Japan, Dubai and USA.

Volker Buddensiek

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