Investing in a better world

Blockchain-based 24/7 Renewable Energy Matching SaaS for Energy Providers

In 2020, Mercedes-Benz and Statkraft have inked a deal on an industrial scale including a highly credible and sustainability-driven concept for a 24/7 solution called “Pure Statkraft PPA”.

Through this demonstration project, Unicorn, Statkraft, Tibber and Statnett, aim to demonstrate the feasibility of issuing GOs with hourly granularity and matching them to the consumption profile of a chosen consumer and disclosing the renewable consumption.

In 2020, Microsoft announced that it would be the first hyperscale cloud provider to track hourly energy consumption and renewable energy matching in a commercial product using the Vattenfall 24/7 Matching solution for its new datacenter regions in Sweden, starting in 2021.

In 2020, Google set the ambitious goal to decarbonize its electricity supply completely and operate on 100% carbon-free energy, every hour, everywhere, by 2030, spearheading the 24/7 carbon-free energy trend. In 2021, ENGIE and Google signed a set of innovative agreements to supply Google’s two new data centers in Germany with a guarantee of 80% carbon-free energy (CFE) supply on an hourly basis. ENGIE will assemble and develop a carbon-free energy portfolio on Google’s behalf with the ability to flex and grow as Google needs change in the region. This partnership between ENGIE and Google paves the way to new solutions to decarbonize businesses. These solutions can be utilized not only for Google but for all the companies that want to go further towards Net Zero.

In September 2020, Google announced its world-leading goal to operate on 100% carbon-free energy at all times by 2030. However, Google set this goal knowing that a 24/7 carbon-free energy solution, where demand in every hour of every day is met with carbon-free sources, didn’t yet exist. AES and Google partnered together to develop a first-of-its-kind 24/7 carbon-free energy solution, and AES committed to supply Google’s Virginia data center campus with time-matched carbon-free energy for at least 90% of all hours.