In light of increasing interest for highly granular renewables accounting and sourcing, Energy Web (EW) in cooperation with select members is developing a 24/7 software toolkit, EW’s first set of open-source software development kit (SDK) to track and match renewable electricity generation and consumption on a 24/7 level. EW is adding these features under the umbrella of the existing EW Origin SDK and the new Green Proofs component.
In a nutshell, 24/7 renewables means tracing energy consumption on a highly granular level (e.g., 30 minutes) as opposed to net/annual basis and ensuring it is covered or “matched” with clean energy sources to the fullest extent. Corporates like Google and Microsoft (i.e. those who achieved their net renewables targets and have massive electricity consumption in countries with competitive renewable energy markets) promote a 24/7 carbon-free energy strategy for several reasons. Matching energy consumption with carbon-free generation within the same granular time frame (e.g., an hour) as opposed to a year provides much more accurate information about the company’s carbon footprint from energy consumption.
There is a clear emerging market need for highly granular renewable energy procurement. Recognizing this, EW, in partnership with select members, leveraged existing open-source EW-DOS components to build the first version of the 24/7 SDK. The focus of the SDK is to enable the first necessary step towards drastic decarbonization: granular and real-time transparency of energy consumption and generation.
Based on the joint projects with select members (see below for more details), EW identified common generic functionalities that a digital application for 24/7 clean energy would benefit from in any market. These requirements derived from the projects and conversations with various stakeholders (renewable energy generators, consumers, grid operators, tracking standards) guided the development of the 24/7 SDK, which provides the common groundwork for companies interested in building dApps for the 24/7 use case. For more information about the current and missing functionalities of the toolkit, refer here.
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