WattCarbon
WattCarbon operates a decarbonization procurement platform that connects corporate partners with distributed clean energy project developers, facilitating investment in carbon-cutting initiatives. The platform utilizes traceable energy attribute certificates (EACs) to provide auditable data on energy, carbon savings, and social impacts, addressing the high cost of capital that hinders project deployment.
- Blockchain & Cryptocurrency
- Clean Technology
- Energy
- Enterprise Software
- Financial Technology
Funding
Raised to date
$6MRaised 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
Many distributed clean energy projects face challenges in securing funding due to high capital costs and difficulties in verifying their environmental and social impact. This lack of accessible capital hinders the deployment of these projects, slowing down the transition to a decarbonized economy.
Solution
WattCarbon operates a decarbonization procurement platform that connects corporate partners seeking to reduce their carbon footprint with distributed clean energy project developers. The platform facilitates investment in carbon-cutting initiatives by providing traceable energy attribute certificates (EACs) that offer auditable data on energy production, carbon savings, and social impacts. By streamlining the investment process and ensuring transparency, WattCarbon addresses the financial barriers that impede the widespread adoption of distributed clean energy. The platform is powered by the WEATS registry, an independent registry for certifying and tracking EACs.
Target Audience
WattCarbon's primary customers are corporate partners looking to invest in carbon reduction and distributed clean energy project developers seeking funding.
Features
- OpenEAC Exchange: Purchase clean energy certificates and connect with local suppliers.
- WEATS Registry: An independent, hourly registry for certifying and tracking EACs.
- Traceable EACs: Provide complete energy details, including carbon savings, verified by the OpenEAC Alliance.
- Open-source methodologies: Ensure each method meets the latest industry standards and best practices.
- WEATS Pro: An auditable system of record for future-proofing clean energy plans.