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Transparent energy purchase and consumption guarantee for green energy consumption
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- About Company
TEO Power
Transparent energy purchase and consumption guarantee for green energy consumption
Label Date
May 28, 2021
By
Attributes
From
France
Maturity stage
TRL 9 / CRI 2 - Commercial Trial Small Scale
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.
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
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
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Company Profile
Attributes
Attributes is the solution for tracking energy ESG data from production to end-customers.
Headquarters
92400 Courbevoie, France
Type
Company
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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. The innovator Attributes has asserted ownership of the intellectual property rights for images, videos, and content showcased above, affirming full and unrestricted usage rights, and has provided explicit permission for the Solar Impulse Foundation to publish such information designated as "public" in the application form.