This company provides High-Impact Renewable Energy Certificates (RECs) verified for additionality, ensuring buyer investments directly fund new clean energy projects. They offer comprehensive REC management, including due diligence, retirement, and detailed reporting aligned with GHG Protocol and SBTi standards. Additionally, they facilitate the procurement of clean energy tax credits through simplified contracts and project fractionalization.
Funding
$6.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Financing new clean energy projects is challenging, and companies seeking to reduce their Scope 2 emissions often struggle to ensure their investments have a direct and verifiable impact on renewable energy generation. Traditional Renewable Energy Certificate (REC) markets lack transparency and may not guarantee that purchased RECs directly contribute to the development of new renewable energy sources. Additionally, companies may not be aware of opportunities to monetize clean energy tax credits to offset the costs of sustainability initiatives.
Solution
Ever.green operates a marketplace that connects companies with new clean energy projects, enabling them to purchase high-impact RECs and clean energy tax credits. The platform ensures that RECs directly contribute to the financing and viability of new projects through rigorous due diligence and legal documentation, addressing the issue of additionality. By purchasing RECs through Ever.green, companies can verifiably reduce their Scope 2 emissions and support the development of new renewable energy infrastructure. The marketplace also facilitates the buying and selling of transferable clean energy tax credits, allowing companies to benefit from tax savings and investment returns while supporting renewable energy projects.
Target Audience
The primary target audience includes corporate sustainability teams seeking to reduce Scope 2 emissions and renewable energy developers looking to finance new projects through the sale of RECs and tax credits.
Features
- Marketplace for high-impact Renewable Energy Certificates (RECs) and clean energy tax credits
- Due diligence process to ensure RECs directly contribute to new renewable energy projects (additionality)
- Impact Scorecard to evaluate projects based on avoided emissions, land use, wildlife protection, and community engagement
- Streamlined REC management, including serialization, retirement, and reporting across national registries
- Fixed-price REC contracts with buyer protections for simplified procurement
- IRA Bonus Eligibility Map to identify projects that qualify for Inflation Reduction Act incentives
- Tools for project developers to estimate and maximize the value of tax credits