Spritju and Siemens Energy join forces to make energy a traceable product

Energy is a product with the largest carbon emissions in the world (73%). Many corporate set carbon neutral targets for energy consumption while there is limited renewable generation available, and the generation is very volatile.

A growing number of companies, universities, municipalities, and individuals have opted to purchase enough renewable energy to match 100% of their annual consumption of electricity (100% annual matching). Many are members of RE100, an organization focused on this approach. During times when the wind isn’t strong or the sun doesn’t shine, voluntary buyers must rely on carbon-emitting power plants such as coal or gas-fired generators. Additionally, some buyers procure EACs – Environmental Attribute, from locations far away from their consumption and unbundled from long-term electricity purchases.

The next frontier in clear energy procurement is to match buyer’s electricity demand, hour-by-hour, 24/7, with the corresponding clean electricity generation within the same electricity grid region as the buyer’s operation. This is 24/7 Carbon Free Electricity procurement.?

A growing number of leaders in voluntary clean energy procurement, from Google and Microsoft to the U.S. Federal Government are working to procure 24/7 carbon-free electricity (CFE) to match their hourly electricity use as closely as possible. Many stock market analysts are already asking for corporates for 24/7 Carbon Free Energy. These are the benefits of 24/7 carbon-free electricity (CFE):

Spritju offers Energy Traceability as a Service by matching each kWh of electricity consumption by its consecutive generation at each hour. We enable trade of EACs and offer extra layers of energy traceability by 24/7 Matching of consumption with generation.

We work with 西门子能源 , and this is how Petra Michalke , Innovation Expert at Siemens Energy describe the work of Siemens Energy in this space and the role of Siemens Energy and Spritju:

西门子能源 has established a blockchain partner ecosystem and launched the Clean Energy Certificate. With the help of blockchain and by connecting physical assets to the digital decentral infrastructure, the Clean Energy Certificate can help you prove your product is manufactured from renewable sources. Products will automatically be tagged with a certificate which will identify the product’s energy origin and carry this from source to consumption, giving customers detailed insight into its low carbon intensity and other energy attributes along the entire supply chain. Spritju would play a key role in Siemens Energy CEC - Clean Energy Certificates by enabling the trace and connection to national registry systems.