Hourly data identifies opportunities to increase clean energy
Leading global energy advisory Altenex Energy, an Edison Energy company, has partnered with FlexiDAO to help corporate purchasers move beyond their current clean energy goals to use carbon-free energy 24 hours a day, seven days a week (known as 24/7 CFE). Users of Altenex’s InsightsTM platform now have access to FlexiDAO’s granular hourly data, as the firms team up to help clients achieve authentic carbon emission reductions most affordably, and reach their Net Zero goals in the fight against climate change.
It used to be that purchasing energy attribute certificates (Renewable Energy Certificates in North America, Guarantees of Origin in Europe) or power from solar or wind farms was enough to satisfy society’s objective of reducing emissions. However, this often meant that up to 30-40 percent of a typical company’s power came from traditional, not clean sources. Expectations have grown, and more companies now seek to demonstrate that the energy they are responsible for consuming is carbon-free, all the time. Sustainability leaders now strive to reach the goal of 24/7 CFE.
About Altenex Energy
Altenex Energy, an Edison Energy Company, is a global energy advisory firm that helps large corporate, industrial, and institutional clients better navigate the choices, opportunities, and risks that will emerge from the transition to a net-zero future. As stakeholder expectations around corporate sustainability increase, Altenex helps companies rise to this challenge by designing and implementing individualized strategies, projects, and programs across sustainability, renewables, energy optimization, and energy supply. Altenex enables organizations to deliver on their strategic, financial, and sustainability goals by addressing today's key energy challenges: carbon, cost, complexity, and creating energy equity across communities. Altenex Energy is a wholly owned subsidiary of Edison International (NYSE: EIX). For more information, visit https://www.altenexenergy.com.
FlexiDAO offers software tools for companies to monitor the clean energy they buy and its carbon emissions hour by hour. The granular insights provided enable impactful energy procurement practices based on time and carbon. FlexiDAO is active in 13 countries and works with world-leading clean energy suppliers and buyers - including Acciona, Iberdrola, Vodafone, and Iron Mountain among others. www.flexidao.com