An Innovative Solution to Become “Energy Positive”
Oslo, Norway – Using the system for Guarantees of Origin (GO) and an innovative financing model companies now can become energy positive; creating more renewable energy than they consume. This is the ECOHZ GO2 solution. ECOHZ, a provider of global renewable energy solutions, is now launching two product options GO² United and GO² Signature to allow for both collaborative and exclusive strategies to become energy positive.
“GO² United and GO² Signature help companies produce new renewable energy as a direct result of their renewable energy consumption. It enables them to produce more energy than they use and become energy positive,” says Tom Lindberg, Managing Director of ECOHZ, one of the people behind these two new solutions.
GO² United and GO² Signature document emission reductions, contribute to the development of new renewable energy, amplified by a multiplier effect, show the company’s environmental performance, while ECOHZ handles all the administrative tasks.
“Engaging in GO² for as little as one year can be enough to assure that a new power plant is built. Once the new power plant is built, it will over its lifetime produce more renewable electricity than the company’s annual consumption, making the company energy positive,” concludes Lindberg.
With GO², companies have the option of buying a high impact renewable energy product that is simple to implement without binding, long-term financial commitments. With GO², ECOHZ has created a unique solution that brings additionality.
ECOHZ identifies possible new renewable energy projects, companies commit funds to the ECOHZ Renewable Energy Foundation that ensures the top-financing of the selected “ready-to-be-built” projects to ensure fast deployment. The GO² top-financing covers up to 15% of the total project costs. The ECOHZ Renewable Energy Foundation will provide top financing to the projects using an attractive lending scheme. The lending scheme, although preferential compared to traditional sources, will ensure a payback of funds to the foundation. This creates a multiplier effect as the funds can be reinvested in yet another project. The foundation seeks to reinvest the funds through a circular financing model in this manner every three years. Thanks to re-use of funds – the additionality impact is exponential.
ECOHZ offers global renewable energy solutions to electricity providers, businesses and organisations – providing renewable electricity, from a wide range of sources, regions and qualities. Renewable electricity is documented by Guarantees of Origin in Europe, RECs in North America, and International RECs (I-REC) in a growing number of markets in Asia, Latin America and Africa. ECOHZ also provides a new and innovative solution – GO² – combining renewable energy purchases with the financing and building of new renewable power generation. Companies choosing documented renewable energy can reduce their carbon footprint and improve their sustainability ratings. ECOHZ is among the leading independent suppliers in Europe, and has offices in Norway and Switzerland. ECOHZ endeavours to play an active role in the current energy transition through its vision of “changing energy behaviour”.