ECOHZ and CDP have signed a partnership to create an open source standard for ECOHZ’s GO² product, allowing other providers around the world to offer this new solution and participate in advancing renewable power generation. The product allows enterprises to track their renewable power consumption as well as develop new renewable generation. ECOHZ says with this system, companies will be able to send a clear signal to the market of what energy type is preferred. In addition, the companies using the technology will also be helping to finance the deployment of new renewable power.
ECOHZ is a 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 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,” said Nigel Topping Executive Director of CDP. “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.”
There has been a call for more transparency from companies on their non-financial performance and contribution to sustainable development. With climate change issues, governments, regulators and investors are all looking for concrete ways to measure performance. This solution delivers that means of measurement by building on the GO system and bundling renewable energy consumption with a contribution to new renewable energy production. GO² unleashes power plant projects previously blocked due to lack of financing. GO² 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.
Tom Lindberg, Managing Director in ECOHZ AS, added, “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.”