Cleartrace and EDF partner to provide 24/7 renewable energy to JPMorgan Chase’s UK operations. As part of the deal, EDF, Britain’s largest producer of zero-carbon electricity, will match JPMorgan Chase’s electricity consumption with renewable generation on a 24/7 basis, through source-specific access to EDF’s 8 TWh of Power Purchase Agreement portfolio.
Key takeaways:
- It is monitored using blockchain-based energy-tracking technology from Cleartrace to ensure that the electricity consumed is matched digitally, on a half-hourly basis, to renewable generation.
- The generated platform will provide an accurate, real-time view into carbon footprint enabling auditable, around-the-clock monitoring of energy generation and consumption.
Next steps:
- More and more leading-edge businesses are seeking detailed data and real-time tracking to help them lower their carbon footprint and prove their progress.
- Zero-carbon electricity will be essential for British businesses to achieve Net Zero and this deal will be supporting their customers on their journeys, delivering solutions that meet their diverse requirements.
