The WEATS marketplace is the first clean energy buying platform
where customers can see the carbon impact of their purchases,
tracked to the hourly level. It's also the first platform to
include distributed energy resources, like rooftop solar, heat
pumps, and batteries, which can be deployed immediately, in areas
where the impact is greatest.
SAN
FRANCISCO, May 23, 2024 /PRNewswire-PRWeb/
-- Today, WattCarbon, a climate tech company revolutionizing
clean energy certificates, launched a new marketplace to facilitate
greater climate impact from corporate clean energy purchases.
"Cutting carbon requires speed and
transparency. Distributed clean energy delivers both."
The WEATS marketplace is the first clean energy exchange to
include distributed energy resources (DERs), like batteries, heat
pumps, and rooftop solar. With nearly one-third of total US
emissions stemming from energy in buildings, investing in DERs
immediately cuts fossil fuel use, and supports new clean energy
that can be deployed immediately.
"Distributed energy resources are like a secret weapon for
climate impact. They can target the dirtiest grids, and the
dirtiest hours, and they drive real social benefits," said
McGee Young, WattCarbon's CEO. "Best
of all, they can be online in weeks instead of years, which is
critical to meeting our goals amidst spiking power demands."
WattCarbon's new WEATS marketplace fills an important gap as the
energy transition accelerates and the traditional clean energy
strategy of buying RECs no longer achieves the desired results. In
fact, a recent study from Princeton
University found that most of the common ways of purchasing
clean energy are having little effect on long-term carbon emissions
reductions.
The key is to deploy new clean energy when and where fossil
fuel-generated power would have been used instead. Now, buyers can
purchase clean energy certificates from specific technology types
and receive verifiable proof of their climate impact in the form of
Energy Attribute Certificates (EACs). Unlike RECs, WattCarbon's
EACs show the exact time and place the clean energy was deployed,
along with the resulting carbon emission reductions.
"We describe them as 'RECs with purpose,' which means providing
visibility into the carbon and social impacts of clean energy, so
companies can be purposeful about what they're supporting." says
Young.
That type of granular, traceable proof of impact is essential
for corporate sustainability teams who face heightened scrutiny –
but they are far from the only ones who stand to benefit. Corporate
purchases also help lower costs for customers adopting DERs, making
it easier for them to install a heat pump, add battery storage, or
switch to rooftop solar.
The WEATS marketplace is paired with WattCarbon's hourly
registry, the first public registry to unlock hourly clean energy
procurement. Hourly matching is increasingly necessary to meet new
requirements, like the 45V hydrogen tax credit, and is viewed by
experts as the best way to scale clean energy at times otherwise
powered by fossil fuels. Now, buyers can purchase EACs that occur,
say, at 8pm specifically, which
reduce energy consumption and emissions during the dirtiest hours
of the grid.
More than 30 clean energy companies across the U.S. have already
signed up to list their DERs on the marketplace, with dozens more
to be added in the coming weeks. When buying EACs from the
marketplace, users are able to read the unique impact story for
each supplier, and see the exact location, energy and carbon
impacts for every EAC listed.
Current suppliers include:
- BlocPower: Electrification
- Branch Energy: Batteries
- C3 Carbon Funding: Energy efficiency
- Elephant Energy: Electrification
- Elexity: Energy efficiency
- Future Fit Partners: Electrification
- Gemini Energy: Solar
- LEAP: Demand response
- Nimble Energy: Energy efficiency
- QuitCarbon: Electrification
- Solar Holler: Solar
About WattCarbon
WattCarbon provides a tracking and procurement platform for
distributed clean energy certificates. WattCarbon's mission is to
steer billions of dollars towards local clean energy investments
that reduce carbon emissions and lower energy bills. WattCarbon
operates WEATS, the verified registry for DERs, and the WEATS
Marketplace, the hourly market for distributed energy attribute
certificates (EACs).
Media Contact
Sarah Emery, WattCarbon, 1
2146162401, sarah@wattcarbon.com, https://www.wattcarbon.com/
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SOURCE WattCarbon