On an issue of first impression, the Court of Appeals of Georgia concluded that renewable energy credits are considered “specific intangible property” that is subject to a claim of conversion. Conversion is a claim that another person exercises ownership or control over personal property contrary to the plaintiff’s rights.
The Court compared the RECs to other property deemed to qualify for a conversion claim, such as social media accounts, teaching materials on a laptop, and bitcoin.
Since the RECs were intangible property, the plaintiff could assert a claim of conversion if the defendant exercised ownership or control over them, such as registering them with REC registries.
Sterling Planet, Inc. v. GRP Holdco, LLC, — Ga. App. –, A24A1281, 2025 WL 761103 (Mar. 11, 2025)
