Many companies are working towards establishing renewable electricity strategies and achieving 100% renewable electricity targets. Innovative organisations have recognised that adopting a 24/7 carbon-free electricity procurement strategy can significantly increase their environmental impact and contribute to the expansion of renewable energy capacity in the grid, and additionally enhance their brand.
Unlike the traditional annual matching approach, Renewabl's innovative tracking and trading platform will enable hourly matching of Energy Attribute Certificates (EACs), which means that supply and demand is aligned on an hourly basis. Similar to how annual matching of the supply and demand of EACs propelled wind and solar PV from expensive alternatives into affordable mainstream energy solutions, the approach to hourly matching is poised to drive a significant breakthrough in the adoption of new technologies, such as storage and demand response, and an increase in the share of renewable electricity in the grid.
The hourly granularity of EAC prices will facilitate the transfer of surplus renewable electricity from peak hours and months to periods of shortage as well as the shaving of peak hours. For businesses, the shift towards procuring 24/7 clean electricity is the crucial next step towards a zero-emissions future.
Patrick Horka, Global Director of Renewable Energy Solutions at South Pole, said, "We are excited to partner with Renewabl and will leverage their infrastructure and our global team of renewable energy advisors to support companies on their journey to reach a 24/7 carbon-free electricity target. This collaboration will empower our clients to make a tangible difference and contribute to fighting climate change."
Juan Pablo Cerda, CEO of Renewabl, added: “We are excited to get started and address the questions that a lot of the corporate sector are asking right now: where do my certificates come from? Will they count towards my sustainability targets? Are they impactful? Can they be matched to my exact consumption? This is why Renewabl was born."