JERA Cross and Flexidao Conclude a Strategic Partnership Agreement for the Trial Introduction of Hourly Renewable Energy Data Management Technology2024/06/25
JERA Co. Inc. hereby announces that its subsidiary JERA Cross has concluded a strategic partnership agreement with Flexidao, a Barcelona-based company providing organizations with the tools to master clean energy management including matching and certifying renewable energy consumption with production on an hourly basis. Through this partnership, JERA Cross will pilot, on a trial basis, a renewable energy data management technology based on hourly tracking, in accordance with the international standards advocated by Energy Tag*1.
The ongoing revision proposal for the Greenhouse Gas Protocol (GHG Protocol)*2 has brought international attention to the need for more precise management of renewable energy sources. Respondents to the GHG Protocol's review have advocated for the introduction of "hourly matching, which calls for aligning electricity consumption and generation on an hourly basis. JERA has been working on initiatives to further the social implementation of tracking and certification of 24/7 carbon-free energy*3 including renewable energy. (Ref: 5 March 2024 press release)
JERA Cross, by tracking type of power source and time of power generation by the hour through its trial introduction of Flexidao’s blockchain-based renewable energy data management technology, will provide its clients with real-time visibility of electricity. This will result in heightened transparency for clients as they pursue decarbonization and contribute to furthering their corporate GX efforts.
JERA Cross’s President & CEO Takao Miki remarked, “ With thorough collaboration with Flexidao who has a highly acclaimed international track record for 24/7 CFE tracking, we are hopeful to provide valuable services for progressive clients. As a result of that, we believe we can make a significant progress to drive initiatives for substantive CO2 reduction.”
Flexidao’s CEO Simone Accornero said, “This trial can serve as a model for tracking the type and generation time of renewable energy sources on an hourly basis in the Japanese energy market. Flexidao hopes that this partnership with JERA Cross can drives significant advancements in Japan's renewable energy sector.”
*1 EnergyTag, an independent non-profit organization, promotes the global standard for 24/7 carbon-free electricity. By providing a framework that certifies electricity consumption aligns with the supply of renewable and other green energy on an hourly basis, EnergyTag supports the transition to a decarbonized power system.
*2 The proposal is based on 70 proposals and will be evaluated as part of other GHG Protocol revision workstreams. Greenhouse Gas Protocol Scope 2 Proposal Summary: https://ghgprotocol.org/sites/default/files/2023-12/scope-2-proposal-summary.pdf
*3“24/7 carbon-free energy” is a name for electricity that emits no CO2 twenty-four hours a day, seven days a week, 365 days a year. In accordance with the Ministry of Economy, Trade and Industry's "Guidelines for Retail Sales of Electricity," this means providing 100% of the electricity supply from CO2 zero-emission sources, including the environmental value derived from the use of non-fossil certificates
【Flexidao’s data management technology】
Flexidao’s data management technology matches production data with consumption on an hourly basis, ensuring that customers are using energy produced from clean energy sources at the time they are consuming it.
Overview of Flexidao
Flexidao provides organizations with the data and tools to manage their clean electricity portfolio effectively. This enables users to identify and mitigate key risks, streamline reporting workflows and enhance decarbonization impact. Flexidao can access electricity metering and certificate data across Europe, the US, Latin America and the APAC region. Its digital solution aggregates and standardizes this data into an intuitive platform, allowing for clear oversight of electricity contracts. Businesses can use this functionality for PPA monitoring, assurance and portfolio management as well as automating EAC cancellations and transfers all in one place.
Overview of JERA Cross
JERA Cross, a wholly owned subsidiary of JERA Co., Inc., assists corporate customers in designing their future vision and formulating a strategy to achieve it as they pursue Green Transformation (GX). Additionally, it provides integrated support for the development and supply of the renewable energy needed for energy decarbonization. Furthermore, by achieving a stable supply of 24/7 carbon-free energy, JERA Cross contributes to solving corporate GX challenges, furthering business transformation, and reducing CO2 emissions.
Website: https://www.jera-cross.com/en/