The initiative encourages corporations to use more renewable electricity – ultimately aiming for a constant supply of carbon-free power, and thus, stimulate the growth of renewable energy capacity in these markets.
Powered by cutting-edge technology and drawing upon its extensive experience of the energy markets, Renewabl will offer a traceable, timestamped solution for businesses to certify the origin of their energy certificates (Renewable Energy Certificates – REGOs, and Guarantees of Origin - GOs). This plays a significant role in complying with emission reduction initiatives like the Carbon Disclosure Project and RE100, a global campaign uniting companies committed to 100 percent renewable electricity.
The new funding will be used to accelerate the development of Renewabl's unique platform.
“We are excited to get started and address the questions that a lot of the corporate sector are asking right now: where do my certificates come from?” said Juan Pablo Cerda, CEO of Renewabl. “Will they count towards my sustainability targets? are they impactful? can they be matched to my exact consumption? This is why Renewabl was born.”
Nick Martyniuk, CTO of Renewabl, added that Renewabl will be a valuable tool to companies in the UK and Europe wishing to reduce their emissions, procure more renewable energy supply, reach their sustainability targets and understand the provenance of their energy certificates.
“By using the latest technology, Renewabl makes renewable energy more traceable, helping corporates make the energy transition more quickly” said Mr Martyniuk.
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