GTECH

Innovative solution to bridge the gap between generation and consumption

Greening the Gaps with 24/7 Carbon Free Energy

What the heck’s a GTECH?!?

GTECH stands for “green technology energy credit hourly.” Green technology means any generation source that’s carbon free, and hourly means that the renewable energy credits (RECs) are digitally timestamped so buyers can purchase locally generated RECs that directly match up with their hourly electricity consumption.

GTECH offers our customers an innovative solution to bridge the gap between generation and consumption and increase the integrity of their renewable energy purchases. The GTECH platform creates a unique digital ID for each and every hour of renewable energy delivered to the grid.

This gives companies the ability to seek out green credits generated within a specified distance boundary and within time frames that align precisely with their actual energy consumption, enabling them to validate and deepen their statements regarding the use of carbon-free electricity.

Featured in GreenTech Media

Customer Benefits

  • Simplified credit process
  • REC traceability direct from customer chosen assets and periods of origin
  • Live comparison of load to gen
  • Built-in ESG reporting features
  • Competitive pricing—no broker fees
  • Easy to use secure platform powered via blockchain technology
  • Low transaction costs through streamlined digital contracts

Generating Meaningful Change: The GTECH Value Proposition

GTECH makes it possible for corporate buyers to cover their actual energy consumption with electricity delivered to the local grid on a near real-time basis. This important refinement gives buyers the ability to target their purchasing power and confidently state that their renewable energy procurement is in fact creating cleaner air and a decarbonized grid.

The Role of GTECH: Greening the Gaps

GTECH RECs are ideally suited to enhancing the carbon-reduction benefits associated with a traditional power purchase agreement (PPA) or a financially settled virtual PPA (VPPA). For example, the clean energy generation profile associated with a wind PPA might cover approximately 70 percent of the hours during which the buyer consumes electricity. But what about the other 30 percent of the time? GTECH can be used to "green the gaps."

How does it work?

Powered by WePower, the GTECH platform utilizes the most decentralized blockchain network: Ethereum. Energy production is tokenized along with its corresponding REC, creating an auditable easy-to-backup record tied to your billing cycle. Along with the extremely high system availability, immutable hashing prevents editing, ensuring your record stays true through time.

Customers have an opportunity to be a part of a true 24/7 solution. The pilot phase launches two products for customers:

1. As-gen (1-3 years) REC contracts sized to your load, and
2. Gap REC purchasing capability from specific generation periods to help green your gaps.

This is EDF Renewables first step to offering solutions in compliance of the United Nations 24/7 Carbon-free Energy Compact. We believe that direct relationships are critical to transition to a net-zero sustainable energy future. GTECH increases this accessibility and convenience for attribute buyers of all sizes.

Request a complimentary demo

Contact us at recsales@edf-re.com