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Google and Microsoft among business backing 24/7 clean energy tracking

Google and Microsoft among businesses backing 24/7 clean energy tracking More than 100 global companies, including PwC, Microsoft and Google, are taking part in a new worldwide initiative aimed at verifying clean energy sourcing on an hourly basis. EnergyTag states that there is currently no recognised system to verify hourly clean energy consumption Firms such as Vattenfall and Engie are working on the new initiative, spearheaded by the independent non-profit EnergyTag. The companies are aiming to demonstrate the viability of verifying clean electricity supply on an hourly basis in order to provide accurate 24/7 data. Currently most energy attribute certificates – known as Guarantees of Origin (GOs) in Europe, Renewable Energy Certificates (RECs) in the US and Renewable Energy Guarantees of Origin (REGOs) in the UK – are issued for each unit (MWh) of clean energy production.

Award-winning carbon broker to assist XELS with offset procurement and strategy

Share this article Share this article Redshaw Advisors will support startup s mission of increasing participation in carbon markets in Japan and beyond. TOKYO, April 30, 2021 /PRNewswire/ XELS, a revolutionary blockchain-based carbon offset platform, today announced that it has joined forces with renowned carbon brokerage and risk management firm Redshaw Advisors. Under the collaboration, Redshaw Advisors will provide strategic advisory, consulting, and procurement of carbon credits for XELS. Award-winning carbon broker Redshaw Advisors to assist XELS with offset procurement and strategy. Initially focused on the voluntary carbon credit segment, XELS launched its blockchain platform and eponymous digital asset earlier this month. The startup s tokenized offset credits, which exist on an immutable public ledger, are designed to boost both transparency and participation in carbon markets. Unlike traditional carbon credits, XELS cannot be modified or double spent, and the process

IEX Q4 PAT jumps 35% YoY

On a consolidated basis, Indian Energy Exchange (IEX) reported 35.1% jump in net profit to Rs 61.5 crore on 26% rise in total revenue to Rs 100.3 crore in Q4 FY21 over Q4 FY20. On the segmental front, Power exchange business recorded 28.3% year-on-year rise in revenue to Rs 101.81 crore during the quarter. The Gas exchange business recorded a revenue loss of Rs 0.74 crore in the fourth quarter compared with revenues of Rs 0.21 crore in the same period last year. EBITDA increased 34.2% to Rs 83.9 crore in Q4 FY21 compared with Rs 62.6 crore in Q4 FY20. Electricity Volume increased by 62.1% to 22428.4 million units (MU) in the fourth quarter as against 13,835.1 MU recorded in the same period last year.

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