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Transparent energy purchase and consumption guarantee for green energy consumption
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.
- Video
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- Images
Label Date
May 28, 2021
By
ENGIE
From
France
Maturity stage
Initial market commercialization
Looking For
Network, New clients, Visibility, Credibility
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
05.
Company Profile
ENGIE
Our group is a global reference in low-carbon energy and services.
View company profile Solution website
Headquarters
06.
Related Topics
07.
Complementary solutions
Oct 2018
iNex circular
A platform for optimizing waste and raw materials management
- Industrial Processes & Consumer Goods
- Utilities (Water, Energy, Waste)
Nov 2018
Insolar Communities
Installation of photovoltaic panels for low-income communities
- Buildings & Constructions
- Utilities (Water, Energy, Waste)
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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 ENGIE 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.