Alongside signing the 24/7 Carbon-Free Energy Compact, EnergyTag has recently launched an initiative to define and build a market for Granular Certificates that enable consumers to choose the source of their electricity consumption in each hour of the day. The EnergyTag Initiative is an independent, non-profit, industry-led initiative that will help clean energy buyers access, track, and certify 24/7 Carbon-Free Energy.
"By establishing Granular Certificates as a recognised, tradeable instrument we can harness consumer demand for 24/7 carbon free energy to create a price signal that drives investment in the technologies needed to reach a carbon-free grid faster, like renewables and storage. The Carbon Free Energy Compact is playing a critical and central role in driving this consumer demand, so we are totally aligned!"
The EnergyTag Initiative is an independent, non-profit, industry-led initiative to define and build a market for Granular Certificates which enable energy users to verify the source of their electricity and carbon emissions in each hour of the day. Since joining the 24/7 Carbon Free Energy Compact, EnergyTag has published the Granular Certificate Scheme Standard which provides the first version of the criteria that those implementing Granular Certificate Schemes need to meet in order to prove, through a third party audit, that they are compliant with the EnergyTag Standard.
FlexiDAO is a cleantech startup based in Amsterdam and Barcelona. FlexiDAO is one of the early signatories to the 24/7 Carbon-free Energy Compact and helps create software for companies to reach net zero emissions by tracing where their electricity comes from and its true CO2 content.
ClearTrace, a decarbonization platform that provides the actionable data companies need to meet their renewable energy goals, joined the 24/7 Carbon-Free Energy Compact with the goal to empower the market with an hourly carbon accounting software platform that provides immutable proof of carbon reductions. By enabling real-time Carbon-Free Energy matching to consumption and hourly carbon accounting, ClearTrace hopes to unlock the pathway to grid decarbonization.
EDP is a Portuguese company that operates in 28 markets around the world and is the fourth-largest wind energy producer in the world. EDP are at the forefront of the development of new technologies to accelerate the decarbonization of electricity systems and promote the globalization of access to clean energy.
Alongside signing the 24/7 Carbon-Free Energy Compact, Microsoft submitted its own individual Energy Compact reiterating the actions it will take to have 100 percent of its electricity consumption, 100 percent of the time, matched by zero carbon sources by 2030, and to procure renewable energy to meet 100 percent of its electricity consumption by 2025.