Renewable Energy Certificate (United States)

Quinbrook Launches Quintrace Platform

Retrieved on: 
Tuesday, October 31, 2023

Quinbrook Infrastructure Partners (‘Quinbrook’), a specialist investment manager focused exclusively on the infrastructure needed to deliver the energy transition, today announced the launch of Quintrace, an innovative digital platform designed to empower offtake customers with real-time visibility into their hourly carbon footprint while adhering to the latest carbon accounting standards for energy consumption, generation and storage.

Key Points: 
  • Quinbrook Infrastructure Partners (‘Quinbrook’), a specialist investment manager focused exclusively on the infrastructure needed to deliver the energy transition, today announced the launch of Quintrace, an innovative digital platform designed to empower offtake customers with real-time visibility into their hourly carbon footprint while adhering to the latest carbon accounting standards for energy consumption, generation and storage.
  • Quintrace aims to meet this need via a centralized dashboard tool that assimilates all power supply and consumption data powered through a cloud-hosted platform.
  • The urgent customer need is exactly why we created Quintrace,” said David Scaysbrook, Co-founder and Managing Partner of Quinbrook.
  • With the technological capability of Quintrace now enabling auditable hourly tracing of a company’s renewable power purchases and resulting carbon reductions, using Quintrace will set a new standard for demonstrating progress in sustainability.

NRG Energy and City of Pittsburgh Extend Collaboration with Wind Power

Retrieved on: 
Monday, October 30, 2023

NRG Energy Inc. (NYSE:NRG) is pleased to announce the renewed collaboration between its brand Direct Energy and the Western Pennsylvania Energy Consortium (WPEC), led by the City of Pittsburgh and its partner organizations.

Key Points: 
  • NRG Energy Inc. (NYSE:NRG) is pleased to announce the renewed collaboration between its brand Direct Energy and the Western Pennsylvania Energy Consortium (WPEC), led by the City of Pittsburgh and its partner organizations.
  • Beginning in 2016, Direct Energy has worked with WPEC and the City of Pittsburgh—in collaboration with Enel North America—to help move the city toward a more sustainable future.
  • “The city’s continued collaboration with NRG Energy assists us in having cleaner energy without the high cost for our facilities which helps our communities.
  • The consortium boasts more than 20 local members including the City of Pittsburgh, Pittsburgh Zoo, Sports and Exhibition Authority, Pittsburgh Water and Sewer Authority, Parking Authority, Stadium Authority, and numerous surrounding boroughs.

Dynegy and Homefield Energy Announce Recipients of the 2023 Energy Leadership Awards

Retrieved on: 
Monday, October 30, 2023

CHICAGO, Oct. 30, 2023 /PRNewswire/ -- Dynegy and Homefield Energy announce the recognition of five leading-edge companies as category winners in the 2023 Energy Leadership Awards. This program highlights corporate and nonprofit leaders defining energy management, sustainability, innovation, customer engagement, and community.

Key Points: 
  • Awards recognize five recipients in the categories of energy management, sustainability, engagement, innovation, and community
    CHICAGO, Oct. 30, 2023 /PRNewswire/ -- Dynegy and Homefield Energy announce the recognition of five leading-edge companies as category winners in the 2023 Energy Leadership Awards.
  • As the largest convention center in North America, Chicago's McCormick Place is committed to sustainability – powered by 100% wind energy through the purchase of Renewable Energy Certificates (RECs) with Dynegy.
  • Homefield Energy has partnered with Grain and Feed Association of Illinois' Energy Consortium since 2009 to actively engage its members.
  • Energy education webinars and an annual expo to help members better understand the energy market and support best-in-practice energy management underscores GFEC's deep commitment to fostering a culture of energy management excellence.

REDEX Group raises $10M Series A funding led by Aramco Ventures

Retrieved on: 
Monday, October 30, 2023

The new funding will allow the company to expand beyond Asia, and to further innovate in streamlining and digitizing the issuance and trading of RECs.

Key Points: 
  • The new funding will allow the company to expand beyond Asia, and to further innovate in streamlining and digitizing the issuance and trading of RECs.
  • Aramco Ventures led the investment, along with notable new investors from the Middle East, Southeast Asia, and Japan.
  • Aramco Ventures is the corporate venturing subsidiary of Aramco, the world's leading fully integrated energy and petrochemical enterprise.
  • We look forward to collaborating with the REDEX team to extend this capability into new geographies," said Bruce Niven, Executive MD, Strategic Venturing at Aramco Ventures.

DuPont Achieves 69 Percent Reduction in Carbon Emissions at its Healthcare Industries Materials Site

Retrieved on: 
Thursday, October 19, 2023

WILMINGTON, Del., Oct. 19, 2023 /PRNewswire/ -- DuPont™ Liveo™ today announced that its investment in Renewable Energy Credits (REC) to cover electricity consumption at the company's Healthcare Industrial Materials Site (HIMS) facility in Hemlock, Michigan, has resulted in a 69 percent reduction in the site's operational emissions versus a 2019 baseline.

Key Points: 
  • WILMINGTON, Del., Oct. 19, 2023 /PRNewswire/ -- DuPont™ Liveo™ today announced that its investment in Renewable Energy Credits (REC) to cover electricity consumption at the company's Healthcare Industrial Materials Site (HIMS) facility in Hemlock, Michigan, has resulted in a 69 percent reduction in the site's operational emissions versus a 2019 baseline.
  • While DuPont is committed to additional REC purchases annually, this is a significant step toward achieving supply chain decarbonization for its industry-leading DuPont™ Liveo™ Healthcare Solutions brand.
  • DuPont will further partner with renewable energy suppliers, replace existing boiler systems with higher efficiency technology, expand existing and create new recycling programs, and work closely with suppliers to reduce the footprint of raw materials.
  • These actions underscore the company's commitment to achieving its renewable energy goal and acting on climate stewardship as part of its 2030 Sustainability Goals .

GoNetZero™ Expands Service Capabilities into Europe and the UK

Retrieved on: 
Thursday, October 19, 2023

SINGAPORE, Oct. 19, 2023 /PRNewswire/ -- With significant demand for Renewable Energy Certificates (RECs) and carbon credits arising from Europe, GoNetZeroTM has expanded its service capabilities such as its environmental attributes marketplace and energy asset management platform, into the European and UK markets.  

Key Points: 
  • SINGAPORE, Oct. 19, 2023 /PRNewswire/ -- With significant demand for Renewable Energy Certificates (RECs) and carbon credits arising from Europe, GoNetZeroTM has expanded its service capabilities such as its environmental attributes marketplace and energy asset management platform, into the European and UK markets.
  • Having successfully built its presence in Asia, GoNetZero™'s digital marketplace offers one-stop access to verified and quality RECs and carbon credits that are highly sought after in Europe and the UK.
  • The environmental attributes span different technologies, vintages, countries, and registries, and are sourced from Sembcorp's portfolio of renewable energy projects.
  • Powered by proprietary smart tools and data insights, the platform will enable informed decision-making as part of corporates' decarbonisation strategies.

El Paso Electric Releases Request for Proposals for Renewable Energy for New Mexico

Retrieved on: 
Friday, October 6, 2023

El Paso Electric Company (EPE) issues a Request for Proposals (RFP) to obtain short-term and/or long-term renewable energy resources for its New Mexico customers by 2027 (2023 NM RPS RFP).

Key Points: 
  • El Paso Electric Company (EPE) issues a Request for Proposals (RFP) to obtain short-term and/or long-term renewable energy resources for its New Mexico customers by 2027 (2023 NM RPS RFP).
  • The New Mexico Renewable Energy Act (REA) requires EPE to meet 40% of its New Mexico retail energy sales with renewable energy resources beginning in 2025, increasing to 50% in 2030.
  • Only renewable energy that is delivered to EPE and assigned to New Mexico customers is eligible for RPS requirements under the REA.
  • The RFP welcomes all forms of renewable energy resources, particularly those that come bundled with their associate Renewable Energy Certificates and attributes as defined by the REA.

TXU Energy Announces Recipients of 2023 Energy Leadership Awards

Retrieved on: 
Wednesday, September 20, 2023

IRVING, Texas, Sept. 20, 2023 /PRNewswire/ -- TXU Energy today announced its recognition of five innovative North Texas companies as category winners in the 2023 TXU Energy Leadership Award Program. This program highlights corporate and nonprofit leaders defining energy responsibility. The awards were announced in conjunction with the TXU Energy Summit held today in Arlington.

Key Points: 
  • Award recognizes five recipients in the categories of energy management, sustainability, engagement, innovation, and community
    IRVING, Texas, Sept. 20, 2023 /PRNewswire/ -- TXU Energy today announced its recognition of five innovative North Texas companies as category winners in the 2023 TXU Energy Leadership Award Program.
  • "TXU Energy is proud to recognize this year's winners and their commitment to a clean energy future," said Gabe Castro, senior vice president of business markets for TXU Energy.
  • American Airlines Center has leveraged its partnership with TXU Energy to increase energy efficiency and lower costs.
  • TXU Energy is proud to share the accomplishments of the recipients of its awards program, including recipients honored earlier this year in South Texas.

GetBlok Farms© Enters Renewable Energy Agreement with ENGIE

Retrieved on: 
Wednesday, September 20, 2023

ALIQUIPPA, Pa. and HOUSTON, Sept. 20, 2023 /PRNewswire/ -- GetBlok Farms© has entered into a two-year renewable energy agreement with ENGIE Resources LLC, a subsidiary of ENGIE North America (ENGIE).

Key Points: 
  • ALIQUIPPA, Pa. and HOUSTON, Sept. 20, 2023 /PRNewswire/ -- GetBlok Farms© has entered into a two-year renewable energy agreement with ENGIE Resources LLC, a subsidiary of ENGIE North America (ENGIE).
  • This renewable energy purchase includes Renewable Energy Credits (RECs) from the Priddy Wind Project (Mills County, Texas).
  • GetBlok Farms© will receive RECs to match the forecasted consumption for its hydroponics farm in West Aliquippa (PA).
  • The Green-e® certified RECs in this agreement are determined by the Center for Resource Solutions to be independently verified to represent the environmental benefits of one MWh of renewable energy.

S&P Global Commodity Insights to Launch First-of-Kind Emissions-Adjusted Price Assessments for Renewable Energy Certificates (RECs)

Retrieved on: 
Monday, September 18, 2023

NEW YORK, Sept. 18, 2023 /PRNewswire/ -- Platts, part of S&P Global Commodity Insights, the leading independent provider of information, analytics and benchmark prices for the commodities and energy markets, today announced it is launching first-of-kind price assessments for Emissions-Adjusted (EA) Renewable Energy Certificates (RECs) through a collaborative data-licensing agreement with clean energy data-driven solutions provider REsurety.

Key Points: 
  • Platts will aggregate and publish a new suite of Emissions-Adjusted REC assessments to provide benchmark prices based on their emissions impact.
  • "By incorporating carbon intensity into REC pricing, we believe the marketplace will welcome this better understanding of the emissions impact of individual certificates," said Alan Hayes, Global Head of Energy Transition Pricing, S&P Global Commodity Insights.
  • "By adjusting renewable energy certificates prices to reflect carbon intensity, market participants will be empowered to differentiate and maximize the impact of REC purchases on emissions."
  • Renewable energy certificates and related instruments worldwide have become a key tool for energy users to direct investment to solar, wind, hydro and other renewable generation technologies.