SWISS COMPANY REVOLUTIONISES THE
ENERGY MARKET The Swiss startup company greenmatch has specialised in financial modeling and process management of global investments in the field of renewable energies. The fintech company does not count on error-prone excel calculations when it comes to economic assessment of million-dollar transactions. Instead they offer a standardised software that can be accessed via internet. The correctness of the greenmatch calculation engine has recently been confirmed by internationally- recognised financial auditors.
Renewable Energies are an appealing alternative in the continuing low- interest environment. According to a trend analysis by the UNCEP- Center of Frankfurt School just under 200 billion US-dollars were invested in wind, solar, hydro and bio power in the last year worldwide. Especially long-term oriented energy suppliers, pension funds and banks are interested in these infrastructure investments with stable and predictable cash flows.
The investment processes are comparable with investments in real estate: Specialised analysts calculate values and resilience of projects for months in advance of a potential transaction. Excel traditionally plays an essential role in this process. “Thanks to greenmatch these processes are shortened and calculations can be presented in a standardised and transparent way”, said Matthias Stettler, CEO and co-founder of greenmatch.
A large global community consisting of investors, project developers, banks and advisors already relies on greenmatch. So far over 200 users have valuated more than 1'000 projects with a total capacity of over 10 GW. Recently the correctness of the greenmatch calculation engine has been confirmed by internationally recognised financial auditors. For the strongly regulated customers of greenmatch this is a key criterion, which is now being met.
www.greenmatch.ch 10 | WHAT'S NEW?
SMARTESTENERGY AIMS TO UNLOCK BUSINESS DEMAND FOR CLEAN POWER
SmartestEnergy has issued 500 companies with the UK’s first Energy Labels specifying the source and carbon content of the clean electricity they buy, in a move designed to boost the renewables industry and provide increased confidence to business consumers.
Construction products multinational Saint-Gobain UK, sustainable building company Willmott Dixon and education provider University of London are among the businesses to receive labels tracing every megawatt they use to its source of origin, allowing them to report the exact carbon footprint of the power they use and their contribution to meeting UK climate targets.
SmartestEnergy Chief Executive Officer Robert Groves commented: “For a while now, business customers have been calling for increased transparency around renewables to help them make the decision to switch that much easier. We now supply over 3TWh of renewable power – equivalent to the power needed to operate all of the streetlights in the UK for three quarters of a year - all backed by origin certificates and evidenced by our Energy Labels, so the momentum for businesses to buy renewable is really growing.”
SmartestEnergy is able to produce these Energy Labels because of the work it has done with the Carbon Trust. Every megawatt hour supplied is backed with an origin certificate, which is tracked and allocated in an Emissions Factor Model, which has been certified by the Carbon Trust to be compliant with the Greenhouse Gas Protocol Product Standard.
Hugh Jones, Managing Director Advisory from the Carbon Trust commented: “We have been working with SmartestEnergy for the past two years and are very supportive of their continued efforts to provide clarity for 100% renewable electricity.”
SmartestEnergy developed the Energy Labels in response to a call from the Aldersgate Group for clear labelling of the carbon content of electricity. A report from the sustainable business group that represents companies with a turnover of over £400 billion, calculated that the measure could see low carbon electricity meet nearly half of all industrial and commercial demand by 2020, up from 14.4% to 48.3%.
The Energy Label initiative has been shortlisted for several industry awards including Guardian Sustainable Business and the BusinessGreen Leaders awards. This has also been shortlisted as the ‘Innovation of the Year’ at The Energy Awards in November 2016.
www.smartestenergy.com www.tomorrowsem.com
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