Action is urgently needed on finance, permits, supply chains and grids to deploy 11,000GW of renewable energy by 2030.Leveraging corporate sourcing of clean energy will enhance and expedite the efforts to achieve this target.
Corporate sourcing has already contributed over 160 GW to the grid through PPAs and direct onsite installations (BNEF). Moreover, the private sector accounted for over 75% of global renewable investment from 2013 to 2020 (IRENA, 2023), with 20% attributed to market-based corporate sourcing (IEA 2024). Companies invest in renewables to limit global warming, obtain affordable, clean electricity, and reduce carbon emissions. Many worldwide have pledged to use 100% renewable electricity, facilitated by initiatives like RE100 and 24/7 CFE, presenting significant business opportunities.
To accelerate the transition to a cost-effective, inclusive, and carbon-free electricity system, addressing technological, market, and consumer empowerment challenges is paramount. Simultaneous advancement of policies in these areas is critical, as they reinforce each other in driving the renewable energy transition.
Research from Princeton University, TU Berlin, IEA, and others highlights how corporations employing hourly matched clean energy procurement can accelerate electricity decarbonization and implement advanced clean technologies for a reliable, fully decarbonized electricity system.
Corporate electricity buyers, renewable energy suppliers, and policymakers have a unique opportunity to collaborate and support the global effort to triple renewable energy capacity. Enabling new, competitively-priced renewable energy resources at an unprecedented scale can significantly contribute to achieving climate and energy objectives worldwide.
The report reviews current decarbonization plans and corporate clean power procurement frameworks across five Asia-Pacific markets – South Korea, India, Japan, Thailand, and Vietnam. It explores how 24/7 Carbon-Free Energy (CFE) procurement can support national decarbonization goals and accelerate the energy transition. Drawing on case studies and market insights, the report highlights opportunities to scale renewable energy and addresses the diverse regulatory, and physical challenges facing these markets.
Unlock the world of hourly matching carbon-free energy with GRA’s and Climate Group’s webinar, featuring experts with competence from around the globe.
Guested by Savannah Goodman, Data and Software Climate Solutions Lead at Google, Katie Soroye, Vice President of Granular Procurement Solutions at LevelTenEnergy and Natalie Valentine, North America Commercial Lead at Granular Energy.
Action is urgently needed on finance, permits, supply chains and grids to deploy 11,000GW of renewable energy by 2030.Leveraging corporate sourcing of clean energy will enhance and expedite the efforts to achieve this target.
Corporate sourcing has already contributed over 160 GW to the grid through PPAs and direct onsite installations (BNEF). Moreover, the private sector accounted for over 75% of global renewable investment from 2013 to 2020 (IRENA, 2023), with 20% attributed to market-based corporate sourcing (IEA 2024). Companies invest in renewables to limit global warming, obtain affordable, clean electricity, and reduce carbon emissions. Many worldwide have pledged to use 100% renewable electricity, facilitated by initiatives like RE100 and 24/7 CFE, presenting significant business opportunities.
To accelerate the transition to a cost-effective, inclusive, and carbon-free electricity system, addressing technological, market, and consumer empowerment challenges is paramount. Simultaneous advancement of policies in these areas is critical, as they reinforce each other in driving the renewable energy transition.
Research from Princeton University, TU Berlin, IEA, and others highlights how corporations employing hourly matched clean energy procurement can accelerate electricity decarbonization and implement advanced clean technologies for a reliable, fully decarbonized electricity system.
Corporate electricity buyers, renewable energy suppliers, and policymakers have a unique opportunity to collaborate and support the global effort to triple renewable energy capacity. Enabling new, competitively-priced renewable energy resources at an unprecedented scale can significantly contribute to achieving climate and energy objectives worldwide.
BloombergNEF, in collaboration with GRA, published the report 24/7 Carbon-Free Energy Procurement in APAC: Pathways for Companies and Countries.
The report reviews current decarbonisation plans and corporate clean power procurement frameworks of 11 Asia-Pacific markets. The report also analyses how 24/7 CFE procurement can support national decarbonisation objectives.
GRA’s policy agenda on Corporate Sourcing outlines the core actions needed to enable corporate clean energy procurement to play a crucial role in contributing to reach the global 2030 3x Renewables target.
Unlock the world of hourly matching carbon-free energy with GRA’s and Climate Group’s webinar, featuring experts with competence from around the globe.
Guested by Savannah Goodman, Data and Software Climate Solutions Lead at Google, Katie Soroye, Vice President of Granular Procurement Solutions at LevelTenEnergy and Natalie Valentine, North America Commercial Lead at Granular Energy.
