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TEO Power

Transparent energy purchase and consumption guarantee for green energy consumption

May 2021
Gallery TEO Power 1
Gallery TEO Power 1
01.

Identification

Energy today represents 2-3% percent in operations costs but up to 20-30% of carbon footprint for industrials. Companies are moving to 100% renewable energy consumption to lower their carbon impact, but today the only mechanism is the 'Guarantee of Origin' scheme, an old system with a greenwashing reputation. TEO Power guarantees real green energy consumption, 100% production-consumption matched renewable energy. Renewable electricity production and consumption is traced in near real time to let clients target concretely towards 24/7 green energy consumption. Customers are given communication tools to transform their energy purchase cost in image investment.

Sector

Application

Label Date May 2021
By Engie
From France
Maturity stage Initial market commercialization
Looking For Network, New clients, Visibility, Credibility

Sectors - Value chain - Application

Sectors
Applications
Design, Power & Produce
Package & Distribute
Use & Efficiency
Valorize & Restore
Value Chain Steps
  • /
02.

The environmental benefits

  • Using TEO, an industrial company consuming up to 200GWH of energy in France can avoid the equivalent of 4285 plane trips around the world
  • Using green electricity produced in France and traced with TEO can save 507 Kg CO2/year per house
  • Carbon impact is very low due to a low energy consumption blockchain, 1000 time less than classical blockchain
03.

The Financial benefits

  • 2 or 3 times less expensive than usual green energy certification
  • Significant time saving for carbon accounting and CSR report, up to 24 FTE per year
04.

Activity Region

  • /

Europe

Belgium, France,

South america

Brazil,

  • Headquarters
  • Activity
05.

Company Profile

Engie

As a major stakeholder in the international energy industry, ENGIE is focused on its 3 core businesses of Electricity, Natural Gas and Energy Services to support and develop a new vision of energy for the world: sustainable energy available to everyone.

View company profile Solution website
Headquarters 92400 Courbevoie, France
Connect with the innovator Save to Project

The information set out above, is solely for the purposes of information and the Solar Impulse Foundation does not provide any guarantee as to its authenticity, completeness or accuracy. This information does not constitute investment advice or a recommendation to buy into, transact or to enter into any agreement with any of the parties or persons mentioned above. Potential investors or interested parties are solely responsible for their investment or business decisions and for performing any due diligence required by the circumstances.