Transparent Energy processes more than 2.6 million renewable energies
FAIRFIELD, NJ, December 08, 2021 (GLOBE NEWSWIRE) – Transparent Energy, the nation’s leader in online energy procurement and advisory services, today announced it has helped customers purchase more than 2.6 million CER since May 2020 2.6 billion kWh of electricity consumption in commercial, industrial and institutional sectors, including large aggregates of community choice (CCA), towns and villages. The high volume of CERs purchased on the Transparent Energy online auction platform – the one the company plans to increase 5-fold in 2022 – signals the widespread adoption of CERs in the decarbonization efforts of large buyers of energy and a growing preference among them to purchase renewable energy products through a competitive and transparent process.
“RECs have been around for a long time, but their strategic value has increased dramatically – both as a ‘bridge’ to power purchase agreements (PPAs) with renewable energy producers that can take years to develop. develop and as a simple, verified way to add renewables to one’s portfolio in the near term, as corporate sustainability efforts become more widespread, ”said David Braun, Vice President, Renewable Partnerships and Project Development , Transparent Energy. “We are seeing that the massive increase in CER purchases by our customers over the past year is only accelerating, as RECs provide a convenient and cost-effective way to reduce an energy user’s carbon footprint. “
Manufacturers, logistics companies, REITs, restaurant chains, cities, colleges and CCAs are some of the big energy buyers who are turning to Transparent Energy to help them procure CERs as part of the their short-term and long-term energy purchasing strategies. Taking advantage of price discovery and margin squeezing provided by Transparent Energy’s competitive online auctions (recently profiled in the Urban Land Institute Urban Lands Magazine), end-users find RECs an affordable way to offset the “brown” component of the electricity they consume, while making a demonstrable investment in growing the renewable energy market.
“It’s easy for large energy buyers to think that on-site solar installations or PPAs are the only way to meet their net zero carbon goals, but RECs provide immediate add value to the buyer’s carbon footprint, by offsetting carbon emissions and ensuring continued investments in renewable energies that benefit both the buyer and the planet, ”said Luke McAuliffe, President of Transparent Energy . “Add that to a CER purchasing process in the most efficient, cost-effective, and transparent way possible, and it’s no wonder we’re seeing a record increase in demand, which we believe , will grow exponentially in 2022 and beyond, as the public and private sectors redouble their efforts to meet their sustainability goals.
About transparent energy
Transparent Energy is the go-to resource for companies and C&I institutions for energy supply and energy advisory services. The company’s clients include large associations and companies in the automotive, education, financial services, healthcare, manufacturing, private equity, real estate (REITS and property management), of retail and technology. With a proven process provided by the most experienced retail energy professionals and cutting-edge online auction technology, Transparent Energy has generated hundreds of millions of dollars in operational savings for customers across America. North. For more information, see www.transparentedge.com.
Mees Communications LLC