Unlocking 24/7 Traceability In Green Energy Supply
Posted on 30 October 2023
Himaya Sewwandi
Energy Analyst – RE24
Comes from a background of Environmental Engineering and specialised in Biohydrogen.
Thanuja Bandara
Engineering Analyst – RE24
Comes from a background of Chemical Engineering and specialised in energy market research and biofuel techniques.
In today’s fast-paced world, the demand for renewable energy is on the rise. What if we could not only source green power but also track it? This blog reveals how important 24/7 traceability is for your renewable energy supply and a hassle-free way to secure it. Find out how a game-changing marketplace is making it possible to serve up affordable and traceable renewable energy for any business.
24/7 Traceability Is Becoming A Mandate
Achieving Net Zero goals is a priority for many businesses. Their most common approach is shifting the energy supply to renewables. Renewable energy generators are emerging. IEA suggests that renewables, will account for 43% of worldwide electricity generation in 2030. Increased demand and availability have made it possible for many businesses to decarbonise their supply chain.
However, there is no guarantee that the renewable energy they buy is 100% green. With the commercialisation of energy markets, greenwashing energy has also increased. The generators can still use carbon-based fuel mix and put “green” label to their energy. The variability of renewable sources can rise 100% availability of green energy all the time.
In the realm of green energy procurement, round-the-clock transparency plays a pivotal role. Why is it so crucial? Well, it’s all about ensuring that the energy you use is consistently and genuinely sourced from renewables, regardless of the hour. It lets you trace your energy supply back to the source. Makes sure your energy is not greenwashed.
Worldwide Initiatives
Not only governments all over the world but also well-known organisations have taken steps toward 24/7 carbon-free energy. Google is a pioneer. They have launched the 24/7 Carbon Free Energy Compact. Microsoft, EDP, Flexidao, Cleartrace, EnergyTag, are also a part of the compact.
RE100 is another global initiative arranged to accelerate the change towards zero carbon grids. In addition to that governments all around the world are creating policies and funding programs to encourage renewable energy.
“Google became the first major company to be carbon neutral. In our second decade, we were the first major company to match 100% of our annual electricity use with renewable energy. By 2030, we aim to be the first major company to operate on 24/7 carbon-free energy. Moving towards carbon-free energy won’t be easy.”
– Sundar Pichai (CEO, Google)
Google and Microsoft are on a mission to match all their electricity needs with zero-carbon sources 24/7 by 2030. Iron Mountain has set a goal for 2040. This trend is inspiring other organisations to aim for hourly alignment with clean energy.
RE24 Marketplace – Integrating 24/7 Traceability And Energy Procurement
RE24 Marketplace is a platform for peer-to-peer energy trading. The renewable asset owners can list their assets in RE24 Marketplace. We collect your requirement and provides energy solutions, accordingly, combining these assets. You can sign up and pick the best solution.
Once you and the seller execute the PPA, and energy goes live, we provide half-hourly energy certificates for every unit of consumption. You can trace back your energy to the source.
What Makes It Different?
It’s the first time renewable energy buyers and sellers could connect from all around the world and trade electricity with 100% traceability. We guarantee that all our asset owners provide 100% green energy. We have simplified and automated the renewable PPA for any business.
1. Direct Energy Supply From Green Assets For Any Business
Securing a renewable energy supply directly from a source has been a challenge. The process is lengthy, costly, and often available for higher energy volumes. These conditions made it available for limited number of large businesses.
RE24 Marketplace has PPA options for short and long terms, diverse energy requirements and both nearby and distant assets. We let you pick the energy assets based on your preference. Connect you directly to a green energy provider. May you be a large scale, medium scale or a short scale business, RE24 Marketplace can provide renewable energy solutions for your needs.
Once you and asset operators agree to start a PPA, RE24 helps PPA negotiations, and you will not need any third party.
2. 24/7 Traceability For Every Unit Of Energy
RE24 monitors all the assets listed in the marketplace. They are backed with REGO certifications. Under your consent, we import the data stored on your ERP, EMS, BMS & connected meters. We have already given the access to generators’ export meter readings. We can identify how much energy you have consumed through RE24 Marketplace. Since all our generators are certified, we ensure the hourly-matched energy you get from RE24 Marketplace is green.
RE24 is authorised to access UK electricity data. We have Application Programming Interfaces (APIs) to collect and integrate energy data. Every unit of energy consumption is backed from certificates in compliance with EnergyTag. They are issued every half-hour.
Hourly-matched renewable energy solutions from RE24 Marketplace
We want to make 24/7 traceable green energy affordable and available for all. We contribute decarbonising UK energy grid. On our journey to NetZero, nobody should be left behind.
Half-hourly energy certificates in compliance with EnergyTag for every unit of consumption
Secure an affordable and traceable renewable energy supply for your business. Visit RE24 Marketplace.