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Press release content from News Direct Corporation. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from News Direct Corporation
Press release content from News Direct Corporation. The AP news staff was not involved in its creation.

Two Leaders Partner to Help Democratize Utility Scale Renewable Energy

July 19, 2021 GMT

--News Direct--

BOSTON, July 19, 2021 /3BL Media/ - Sustainability Roundtable, Inc (SR Inc), a leader in outsourced Environmental, Social and Governance management, and REsurety, a leading analytics company empowering the clean energy economy, today announced a partnership to facilitate the systemization and scaling of buyer-favorable renewable energy transactions for SR Inc’s Net Zero Consortium for Buyers (NZCB). SR Inc Member-clients, including Akamai Technologies, Autodesk, Biogen, Intuit, McKesson, MilliporeSigma, Synopsys, Uber and Wayfair, have helped make NZCB the leading platform for buyer-aggregated Virtual Power Purchase Agreements (VPPAs).  SR Inc’s buyer-favorable VPPAs have set the standard for mid-size companies who want to aggregate their buying power to drive market-leading pricing and contractual protections for offsite utility-scale renewable energy procurement and have been described as the “VPPA 2.0.” SR Inc will leverage REsurety’s Renewable Energy Market Analytics Platform (REmap) to assess the value and risk of renewable energy VPPA opportunities for NZCB Member-clients.

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Today’s announcement formalizes an existing working relationship between the two companies that spans REmap and REsurety’s latest decarbonization impact data product, Locational Marginal Emissions (LME).

“SR Inc and Member-clients have been especially impressed by the outstanding quality and remarkable depth of REsurety’s data and analytics,” said Jim Boyle, CEO of Sustainability Roundtable, Inc. “Having SR Inc’s NZCB supported by REsurety’s data analytics as well as that from our other providers, helps NZCB companies accelerate towards their collective goal of helping to create more than a gigawatt of new renewable energy capacity before 2025.  Together we are helping to democratize the environmental and financial benefits of utility scale renewable energy, which was previously available only to the world’s largest companies that could cause utility scale projects on their own.”

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REsurety’s REmap tool offers unparalleled visibility into project-specific performance for utility-scale solar and wind projects across the US. Key metrics shown include actual and modeled generation, earned pricing data, and simulated PPA settlement. Unlike other tools that assume average generation profiles or rely on 8760s as inputs, REmap combines project-specific modeled or actual generation with concurrent historical hourly price data to support better renewable energy procurement decisions. REsurety’s Locational Marginal Emission (LME) data tool measures the project-specific carbon impact associated with a renewable energy project – a first for the industry. REsurety’s innovative data-driven products will empower NZCB companies to address decarbonization goals confidently and cost-effectively.

“We are delighted to join forces with the Sustainability Roundtable team and their Member-clients to accelerate our collective path to a zero-carbon future. We believe that the best information – and the tools to act on it – is an essential foundation for the selection and management of clean energy procurement and SR Inc is a great platform to deliver that value and empower the clean energy buyer community,” said Lee Taylor, CEO of REsurety.

SR Inc is focused on providing NZCB Member-clients with the most accurate and comprehensive renewable energy project information available and looks forward to announcing more partnerships in the future.

About REsurety:

REsurety is the leading analytics company empowering the clean energy economy. Operating at the intersection of weather, power markets and financial modeling, we enable the industry’s decision makers to thrive through best-in-class value and risk intelligence, and the tools to act on it.  

With the world’s leading clean energy investors, advisors, buyers, and developers as clients and 7,000 MW of transactions closed, REsurety empowers clients to thrive in the dynamic, complex, clean energy-fueled future. Learn more at resurety.com.

About Sustainability Roundtable, Inc.

SR Inc is a leader in outsourced Environmental, Social and Governance (ESG) management missioned to accelerate the development and adoption of best practices in more sustainable business. SR Inc’s NZCB is a confidential buyers’ community that helps participants develop emissions reduction strategies and benefit from the economies of scale to shape market-leading procurements. SR Inc Member-clients have made SR Inc’s NZCB the leading platform for Buyer Aggregated Virtual Power Purchase Agreements. These “VPPA2.0s” are specifically tailored to the demands of high-credit, risk-averse, corporate buyers.  Learn more at sustainround.com.

View additional multimedia and more ESG storytelling from Sustainability Roundtable, Inc. on 3blmedia.com

View source version on newsdirect.com: https://newsdirect.com/news/two-leaders-partner-to-help-democratize-utility-scale-renewable-energy-829228900