Renewable Energy Solutions: I-REC and GO2

The demand for renewable energy across the world is increasing, and companies are working on innovative solutions to provide renewable energy to the grid. One of these companies is ECOHZ, which offers renewable energy solutions to electricity providers, businesses and organisations across Europe, North America and Asia.

“With the recently adopted Sustainable Development Goals, we are seeing an increased political will to bring more renewable energy to the grid. Corporations are already purchasing power from renewable energy sources and demanding instruments that ensure transparency. Building on best practice from Guarantees of Origin in Europe and REC in the US, International REC (I-REC) is now available in selected Asian countries. I-REC makes it possible for multinational companies, with a presence outside of Europe and the US, to purchase renewable energy. The renewable energy purchasing market is evolving quickly due to the public and private demand” says Tom Lindberg, Managing Director at ECOHZ.  

This week, a network of trains arrived in Paris bringing official delegates and journalists to COP21. Trains departing from Beijing, Ulan Bator, Moscow, Berlin, Bonn, Rotterdam, Brussels, Milan & Lisbon will enjoy carbon-free travel. In fact, most of those trains will even contribute to producing new renewable energy thanks to an agreement between ECOHZ and the International Union of Railways. ECOHZ has provided Guarantees of Origin (GO) to the Train to Paris project. In addition, ECOHZ has delivered a GO2 solution that will unleash financing of new renewable energy production. ECOHZ has provided the certificates to the International Union of Railways.

 

“We know that many people traveling to Paris really care about their carbon footprint. Choosing to travel by train is clearly more environmentally friendly than by air or private cars. Unfortunately a significant share of the electricity on the European grid comes from fossil fuels. So travelling by electric trains or electric cars is not clean unless you have a guarantee of origin,” says ECOHZ’ CEO, Tom Lindberg.

“Our solution GO2 has the additional benefit of contributing to unleashing financing of new renewable energy sources. Hundreds of renewable energy projects are not realized because they lack top-financing, and we have established a mechanism to funnel funds through to new renewable energy production.”

“Our vision of the future is that individuals will demand to consume products and services that are clean from fossil fuels. The tools exist today and more and more leading companies adopt renewable energy solutions as part of their business strategy,” explains Lindberg.