EnergyTag, which brings together major names in the technology and energy sector, is developing an industry standard to deliver hourly certificates showing users where energy is coming from.
An independent, non-profit initiative plans to enable energy consumers to track the source of their energy and understand their carbon emissions in real-time.
EnergyTag, which brings together more than 60 major names in the technology and energy sector, is developing an industry standard to deliver hourly certificates that show consumers where their energy is coming from.
Leading players involved in the initiative include Accenture, Microsoft, Google, Association of Issuing Bodies, CertiQ, EIT InnoEnergy, ECOHZ, Elering, Eneco, Energinet, Energy Web Foundation, Engie, Eurelectric, FlexiDAO, Iberdrola, I-Rec Standard, M-Rets, Ovo Energy, Ørsted, PwC, Recs International, WattTime, WindEurope and many others.
EnergyTag’s council and advisory board is defining a set of guidelines that will form the basis of a market for energy certificates with a timestamp of one hour or less. In parallel, the initiative will stimulate the first voluntary markets for the certificates by coordinating a series of demonstrator projects around the world showcasing real-time energy tracking technologies.
“It’s a cruel irony that the more successful we are at deploying renewable energy the harder it gets to integrate that energy into the grid,” said Dr Toby Ferenczi, EnergyTag’s founder. “Adopting hour-by-hour energy certificates build consumer trust by linking production directly to consumption, supports the growth of energy storage, and enables accurate carbon accounting.
“Our goal is to establish a common, tradable instrument that provides traceability across markets for power, flexibility and carbon. Speeding up the switch to renewables is vital if we are going to keep within the 1.5-degree climate goal.”
“It’s a cruel irony that the more successful we are at deploying renewable energy the harder it gets to integrate that energy into the grid”
Phil Moody, chair of the EnergyTag council and advisory board, explained that 707 million electricity certificates (707 TWh) were issued in Europe last year involving 26 European countries. “This success demonstrates what can be achieved when the industry identifies a need, builds a solution itself and then gets legislative support and regulatory approval once established,” he said.
“Current renewable energy procurement methods match average supply and demand over a 12-month period, but to reach the level of renewables required to meet new climate targets, there has to be some way to track the time of generation, which is why EnergyTag is the critical next step.”
EnergyTag works with and within existing electricity certification schemes (such as GOs and Recs) as a voluntary ‘add-on’ and will not replace these schemes.
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