Carbon-Free Chronicles: The essential round up of news and reports relating to 24/7 clean energy for October 2024

What we’re reading

Consumers can reduce own and system emissions with voluntary hourly REC procurement

• A recent review analyses 8 studies on the impact of various REC purchase conditions on system emissions reductions. Key finding: voluntary hourly REC purchases reduce consumer and system-level emissions, as compared to annual electricity usage and emissions matching.
• Smart meters are key to hourly matching as they provide granular consumption data. FlexiDao’s white paper reviews and ranks countries and regions on data availability for hourly matching, highlighting good access in Western Europe, North America and China, but less so in other geographies.
• As consumers increasingly set scope 2 reduction targets, energy suppliers should begin to offer hourly insights and matching programs.

India is primed for hourly matching

• A new report from EnergyTag identifies areas where India is already primed for an hourly matching. Widely available granular electricity data on the supply and demand side will simplify and further encourage the development of 24/7CFE programs.
• The Indian power market has 15-minute settlement periods for intraday and day ahead contracts, meaning 15-minute data is available. The National Smart Grid Mission and the Smart Meter National Programme are working to ensure granular consumption data is as accessible as supply data. Over 3.5 million smart meters have already been installed in 6 states.
• Widely available granular electricity data from the supply and demand side simplifies and further encourages the development of 24/7 CFE programs.

What we’re writing (and saying)

Powering the new standard of clean energy with Jera, NPower, and Drax

• October has been an exciting month for us!
• We have expanded to Japan and JERA Group is our first partner! JERA Ventures have invested 1 million EUR in us and we’re piloting hourly renewable energy matching with JERA Cross.
• With npower Business Solutions (nBS), one of the UK’s largest I&Cs, we are enhancing their annual REGO management and reporting. Through the service, business consumers on two of nBS’s UK renewable tariffs will receive detailed reports on their matched energy supply and carbon impact.
• Drax, one of the UK’s largest REGO providers, is using our platform to enhance their REGO management and provide matched, individualised certificates to their consumers.
• With each of these suppliers we are enabling transparent and traceable clean energy supplies and customer reporting. From annual EAC programs to next-generation hourly matching, we and our partners our setting the new standard of clean energy.

Happy to B Corp!

• We are proud to share our official B Corp certification. Our company is built on driving positive environmental change, and with our employees, we’re also committed to continuous social improvement.

Join us at upcoming events

• We are participating in two exciting webinars, one focused on the UK and the other on France.
• In partnership with AFRY, Nord Pool and National Energy Systems Operator (NESO), we have been running a UK project on hourly clean energy trading. Join us on November 21st to learn about the preliminary modelling and trial auction results.
• Our CFO, Bruno Menu, along with Killian Daly and Alexandre Joly, will be speaking on temporal and geo-located clean energy matching with consulting firm Carbone 4. Join to learn about the opportunities for hourly clean energy in France.
• Meet us at conferences in November and December!
• PG&E Innovation Summit — San Jose, November 13th with Natalie Valentin
• UK REGO Day — London, December 5th with Toby Ferenczi and Eleonore Lazat