SmartestEnergy launched the Traceable Renewable Supply, a half-hourly matched renewable energy product developed with Granular Energy. This solution is designed to enhance supply chain transparency and improve carbon-free energy reporting. The product addresses growing concerns about greenwashing and sustainability, enabling businesses to better track, measure, and report their renewable energy usage.
Key takeaways:
- Half-hourly matching of renewable energy consumption with certificates offers unprecedented transparency and reduces greenwashing concerns.
- In trials, customers like the University of Reading and JLL saw a 23% increase in their Carbon-Free Energy (CFE) score.
- This product helps companies meet net-zero targets and comply with standards like RE100 and UK Green Building Council guidelines.
Next steps:
- Scale the product to more businesses to increase adoption.
- Continue aligning with regulatory changes, including updates to GHG Scope 2 reporting.
- Encourage more businesses to switch to CFE scoring and enhance transparency in their renewable energy reporting journey.
