Companies will be able to contribute to the transformation of the energy system in a simple and effective way.
12 May 2014, Oslo – ECOHZ and CDP have signed a partnership on a new solution that effectively allows enterprises to track their renewable power consumption and at the same time contribute to developing new renewable generation – put simply, to produce as much as they use.
With this product companies will be able to contribute to the transformation of the energy system in a simple and effective way: by consuming renewable energy a clear sign will be sent to the market of what energy type is preferred; and by contributing finance to the deployment of new renewable power.
ECOHZ is the leading provider in Europe of Guarantees of Origin (GO), the only way to document renewable energy from production to consumption. CDP is an international NGO that works with investors, companies, and governments to drive environmental disclosure and action to deliver sustainable economies. The CDP-ECOHZ partnership involves creating an open source standard for ECOHZ GO˛ product, allowing other providers around the world to offer this new solution and participate in advancing renewable power generation.
To make progress with climate change issues, regulators and investors globally demand greater transparency from enterprises on their non-financial performance and contribution to sustainable development. GO˛ builds on the system of Guarantees of Origin (GO), and bundles renewable energy consumption with a contribution to new renewable energy production. GO˛ unleashes power plant projects previously blocked due to lack of financing. GO˛ is a new way to achieve energy neutrality through the creation of new renewable production accessible to corporations that want the lead the way to a cleaner energy future.
"The EU Parliament's recent vote in favour of a new law governing corporate reporting of non-financial information, and increased political pressure for everyone to respond to climate change, make enterprises look for certified solutions to stand out with their commitment to sustainability. GO and now GO2, are solutions that enable enterprises to take concrete steps to consume renewable energy, and even contribute to building new renewable sources. ECOHZ is the leader in this market and we are excited about the opportunities we see for our partnership," says Nigel Topping Executive Director of CDP.
"We experience increasing interest from large enterprises for documented renewable energy. With GO2 we give increased choice to companies who want to be a leader in sustainability and actively communicate it to their stakeholders. By joining forces with CDP, a global organization accelerating action to achieve sustainable economies, we will drive increased awareness among leading corporates of the opportunities for purchasing documented renewable energy, and linking this directly to the building of additional renewable power capacity", states Managing Director Tom Lindberg, in ECOHZ AS.