Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the energy industry. This time, you get to discover 5 hand-picked startups working on sustainability attribution solutions.
Global Startup Heat Map highlights 5 Top Sustainability Attribution Solutions out of 255
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, covering 2.093.000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 255 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these 5 startups & scaleups in this report. For insights on the other 250 sustainability attribution solutions, get in touch.
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ClearTrace enables Climate Attribution
As grid operators are making their processes more sustainable, they seek granular data on energy generation and consumption. This data allows utilities to track the sustainability of their operations and avail carbon credits. Due to its immutable nature, blockchain technology offers a way to authenticate data records for efficient climate attribution. This is why energy startups are using blockchain to develop non-fungible tokens to validate energy reporting.
ClearTrace is a US-based startup that offers a climate accounting platform. The platform connects to smart metering devices on generation and demand sides and transforms data records into non-fungible digital assets. These digital assets tokenize data on environmental characteristics and sustainability of every unit of energy. By providing an immutable audit trail, ClearTrace’s platform provides accurate insights into renewable energy and emissions reductions.
Quantum New Energy builds an Energy Sustainability Platform
To ensure environmental compliance, energy companies need to balance energy use with energy generation. However, inaccurate energy forecasts and management lead to inaccuracies in sustainability attribution. To address this, startups offer artificial intelligence-based platforms that simplify sustainability management.
US-based startup Quantum New Energy builds an energy sustainability platform. EnerWisely, the startup’s platform, uses AI to leverage smart meter infrastructure. With secure remote data access, it simplifies environmental, social, and corporate governance (ESG) reporting. The platform allows energy companies to set up emissions baselines, track and report emissions, and lower carbon emissions.
Envoria facilitates Sustainability Reporting
Energy companies and utilities manage multiple assets that produce different kinds of energy. Aggregating data from all assets to assess the sustainability of operations across the grid is an uphill task for utilities. To tackle this challenge, startups build solutions that automate the entire process from data collection to sustainability reporting. This enables companies to streamline processes as well as devise long-term strategies aimed at improving sustainability.
Envoria is a German startup that offers sustainability reporting software. The startup’s platform consolidates data from energy assets and systems to improve efficiency in energy usage. This enables companies to plan, monitor, and manage sustainability initiatives as well as lower the carbon footprint and report emissions. Moreover, it supports international and local reporting frameworks to demonstrate progress towards sustainability.
SustainCERT provides Renewable Energy Certificates (REC)
Companies that utilize more energy than stipulated purchase energy credits from other companies. Decentralized energy exchanges facilitate such transactions. However, it is challenging to validate the value of energy credits. This is why energy startups offer RECs to enable companies to assess the environmental impact of electricity generation and consumption.
SustainCERT is a Luxembourg-based startup that provides renewable energy certificates. The startup’s digital certification platform integrates data from smart meters, sensors, and satellite imagery and automates real-time monitoring. It generates RECs to validate progress towards United Nations SDGs #7 (Affordable & Clean Energy) and #13 (Climate Action). The platform also automates sustainability verification to measure impact and portfolio and project level.
Siglar offers Emissions Reporting
To tackle climate change, companies need to comply with regulatory and environmental guidelines. However, due to the scale of operations, it is difficult to quantify the impact of each action. Emissions reporting solutions allow companies to measure the environmental impact of their sustainability initiatives. This enables companies to report emissions effectively and take steps to reduce them.
Norwegian startup Siglar develops emissions reporting solutions. The startup’s carbon monitoring & reporting solution measures and verifies emissions from chartering activities. It provides customized analytics at levels ranging from companies to individual trips to quantify emissions efficiency and cost exposure. By monitoring daily carbon dioxide performance, it enables companies to identify areas of improvement and emission reduction strategies.
Discover more Energy Startups
Energy startups such as the examples highlighted in this report focus on Demand Side Management, Distributed Energy Resources, Quantum Computing as well as Energy Storage. While all of these technologies play a major role in advancing the energy industry, they only represent the tip of the iceberg. To explore more energy technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download our free Energy Innovation Report to save your time and improve strategic decision-making.
