Energy Storage Leader Lightshift Energy Backs Two Initiatives that Give Clean Energy Buyers New Avenues to Meet Clean Energy and Climate Targets
2024年7月16日 - 8:00PM
ビジネスワイヤ(英語)
- A new global registry of emissions-enhanced RECs: Lightshift
joins the Power Emissions Certificates Alliance (PECA) advisory
board, developing the methodology to use RECs to transfer ownership
of avoided emissions
- New PECs registry poised to enable corporate energy buyers to
perform emissions-matching, 24/7 hourly energy matching, or
both
- Concurrently, Lightshift joins Microsoft, Google, and others as
a signatory of the United Nations 24/7 Carbon-Free Energy Compact
to decarbonize electricity systems globally
Lightshift Energy, a leading energy storage project developer,
owner, and operator, today announced its participation in two
initiatives that provide critical pathways to granular energy
attribute and emissions accounting: the creation of the Power
Emissions Certificates Alliance (PECA) and the signing of the
United Nations 24/7 Carbon-Free Energy Compact. Both initiatives
are designed to help organizations meet their clean energy and
climate targets by focusing on the link between time- and
location-based energy use, clean energy generation, and carbon
emissions.
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PECA signatories Lightshift Energy and
Clean Incentive debut new methodology to accurately certify
companies’ emissions impacts from clean energy generation or
storage discharge. (Photo: Business Wire)
From Renewable Energy Credits (RECs) to Power Emissions
Certificates (PECs)
As a founding signatory and an advisory board member of the
Power Emissions Certificates Alliance (PECA), Lightshift is working
with Clean Incentive and other industry leaders to pioneer a new
methodology to accurately quantify and certify companies’ emissions
impacts from clean energy generation or storage discharge. PECA was
established by Clean Incentive, which operates the PEC registry.
This registry reflects a pivot from Renewable Energy Certificates
(RECs) that are issued when one megawatt-hour of electricity is
generated and delivered to the grid from a renewable source – and
toward PECs that combine hourly Granular Certificates (GCs) with
marginal avoided emissions.
“We’re happy to play a role in bringing new accounting,
certification, and market tools to the buyers of clean energy
attributes. Leveraging these innovative solutions will create a
huge opportunity in the emerging PECs market,” said Michael
Herbert, Managing Partner and Co-founder of Lightshift Energy.
PECs are a novel approach to quantifying the greenhouse gas
emissions that are avoided by renewable power generation or storage
discharge. In doing so, PECs provide a more enhanced solution for
corporate clean energy buyers to track and analyze the
environmental benefits of renewable energy generation or storage
projects by verifying the benefits of such projects. At the same
time, it provides consumers with a reliable means of measuring
their emissions reductions and creates a market incentive for clean
energy projects that achieve higher emissions reductions.
Lightshift plans to utilize the PEC registry and Clean Incentive
marketplace to showcase how an operational standalone battery
storage project can be dispatched to maximize carbon reductions and
produce PECs. These PECs can then be utilized by companies to
offset the emissions associated with their energy consumption and
demonstrate impact-based carbon accounting.
“Our partnership with Lightshift Energy has played a vital role
in developing the innovative PEC methodology. Their knowledge of
energy storage ensures that PECs not only accurately measure
avoided emissions but are easy to use in forward carbon contracts,”
said Casey Martinez, CEO of Clean Incentive.
Scaling 24/7 clean energy to meet energy demands
To help accelerate the decarbonization of electricity systems
globally, Lightshift has joined the United Nations 24/7 Carbon-Free
Energy Compact, which is committed to advancing procurement
practices, policies, tools, and data necessary to promote clean
energy deployment. To date, the Compact counts more than 140
entities among its members, including Google and Microsoft.
Lightshift’s participation in the Compact is the company’s latest
commitment to helping deliver carbon-free energy sources.
“We’re seeing growing demand for 24/7 clean energy and the need
for more granular carbon accounting, but we’re also seeing an
increase in opportunities for what these solutions and services can
look like,” said Rama Zakaria, Director of Analytics at Lightshift
Energy. “What sets Lightshift apart is our ability to analyze the
grid holistically and determine the best use case, location, size,
and emissions impacts for our projects – delivering a solution to
the problem upfront with the analytics to back it up.”
In addition to enabling 24/7 carbon-free energy and maximizing
emissions reductions, Lightshift is helping to enhance grid
capacity and democratize access to clean, affordable power for
municipal utilities, electric cooperatives, and corporate buyers.
Today, Lightshift has more than 20 grid storage projects under
contract and a pipeline of over 4,000 MW, largely in small towns
and rural communities.
“We are encouraged by the incredible community of partners and
peers we work with, who are equally committed to accelerating
innovative grid decarbonization solutions,” continued Herbert. ”By
joining with PECA and the UN’s initiative, we’re able to support
meaningful progress in accessible and affordable clean energy for
all.”
About Lightshift Energy
Lightshift Energy is a utility-scale energy storage project
developer, owner, and operator with headquarters in Arlington,
Virginia. Founded in 2019, Lightshift is developing a diverse,
multi-gigawatt pipeline of energy storage projects, located
throughout the U.S. With leading energy storage analytics,
application design, finance, and development expertise, Lightshift
deploys dynamic, multi-use energy storage projects that maximize
value for utilities and other partners. Lightshift is a member of
the UN 24/7 Carbon-Free Energy Compact, the Energy Storage
Solutions Consortium (ESSC) and the Power Emissions Certificates
Alliance (PECA). For more information, please visit
www.lightshift.com.
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Mission Control Communications for Lightshift Energy
lightshiftenergy@missionc2.com