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UK Companies Start to Track Renewables 24/7 to Curb Greenwashing

  • UK-based platform seeks to boost credibility of certificates
  • Granular also attracts $2 million in venture capital funding
Wind Turbines in Brandenburg Region as Green Solutions to Russian Gas Stymied by Europe’s Red Tape
Photographer: Krisztian Bocsi/Bloomberg

A dozen utilities will take part in a new U.K. trading platform, seeking to overcome accusations of greenwashing that have undermined the credibility of renewable energy certificates.

Total Energies, Ovo Energy Ltd and Brook Green Supply Ltd are among the 12 utilities that agreed to buy hourly energy certificates on the platform launched by Nordpool ASA and startup Granular SAS. The utilities then plan to sell the power onto customers, providing more transparency over when and where the green energy they’re buying is produced.