Enables Digital Tracing and Auditing of Renewable Power Supply and Carbon Intensity
New York, NY – October 31, 2023 – Quinbrook Infrastructure Partners (‘Quinbrook’), a specialist investment manager focused exclusively on the infrastructure needed to deliver the energy transition, today announced the launch of Quintrace, an innovative digital platform designed to empower offtake customers with real-time visibility into their hourly carbon footprint while adhering to the latest carbon accounting standards for energy consumption, generation and storage.
Major energy consumers are now demanding real time verification of the source of both their renewable power supplies and non-renewable supplies along with granular carbon reporting of net carbon intensity in order to meet increasingly stringent carbon accounting and reporting regulations. Quintrace aims to meet this need via a centralized dashboard tool that assimilates all power supply and consumption data powered through a cloud-hosted platform. The solution allows energy customers to trace the source of every kilowatt-hour (kWh) consumed at their operational facilities, matching it back to their nominated renewable supply projects located within the grid on a 24/7 basis. The technology behind Quintrace processes supply and demand data in real time not only from a customer’s wind, solar or battery storage projects but also measures the carbon intensity of grid power purchases thereby enabling hourly insights into the net carbon impact of each customer facility.
“As many corporations focused on sustainability now realise, there is a typical mismatch between the times when the renewables projects they buy power from are generating compared to when their facilities are consuming power. Moreover, it’s now critical to know the carbon intensity of the grid power being used to charge batteries before that stored energy is supplied to a customer. Companies must be able to prove and audit their carbon footprint reductions along with the need to meet increasingly stringent carbon reporting that presents huge and costly challenges. Knowing what your real and auditable footprint is to defend greenwashing claims and track genuine carbon impact is now an acute business need. The urgent customer need is exactly why we created Quintrace”David Scaysbrook
Managing Partner and Co-Founder
Quintrace users gain full visibility into their energy flows through real-time dashboards and can access hourly carbon calculations in accordance with the Greenhouse Gas Protocol, as well as emerging standards like EnergyTag. Quintrace also streamlines the alignment of renewable energy generation with consumption across multiple project and customer site portfolios, simplifying certificate management processes, automating creation, transfer, and surrender for efficient regulatory compliance. Additionally, users can seamlessly record and manage Energy Attribute Certificates, which encompass Renewable Energy Certificates (RECs) and Guarantees of Origin (GOs), thereby enhancing transparency in energy sourcing and sustainability efforts. The platform also facilitates the recording of annual and hourly energy flows under Power Purchase Agreements (PPAs), including custom PPAs. For users employing battery storage, Quintrace provides advanced tracking and tracing support, enabling real-time monitoring of battery carbon intensity with the ability to support optimization of both commercial and carbon impact objectives in real-time.
Hourly tracing of consumed power to specified renewable project sources is becoming more credible as a ‘greening’ strategy versus purchasing offsets. With the technological capability of Quintrace now enabling auditable hourly tracing of a company’s renewable power purchases and resulting carbon reductions, using Quintrace will set a new standard for demonstrating progress in sustainability.
Quintrace will be adopted by Quinbrook’s portfolio companies and their customers in the US, UK and Australia, offering them a comprehensive array of features, including granular carbon accounting with hourly data updates. The platform also empowers organizations to simulate the carbon impact of investment and operational decisions, analyzing sustainability actions at least cost and risk.
James Allan, Senior Director and Head of Digital Applications said, “Quintrace includes one of the first applications of the EnergyTag hourly certificate standard to real-world assets on an operational basis. To date, this includes Quinbrook portfolio company assets as diverse as commercial and industrial loads, utility and behind-the-meter renewable generators and utility and behind-the-meter battery storage. For example, our portfolio company Energy Locals is using Quintrace to track the source of renewable supply meeting power demand at its many community energy sites across Sydney, Australia. Using Quintrace, Energy Locals can demonstrate that 32% of power consumption at its Schofields Garden site so far this year has been met by onsite renewable energy on a 24/7hourly basis, assisted by onsite battery storage. This rises to 79% hourly renewable supply when including offsite supply under PPA. That is a game changer.”
Quinbrook Infrastructure Partners (http://www.quinbrook.com) is focused exclusively on the infrastructure needed to drive the energy transition in the UK, US, and Australia. Quinbrook is led and managed by a senior team of power industry professionals who have collectively invested c.USD 8.2 billion equity in energy infrastructure assets since the early 1990s, representing a total enterprise value of c.USD 28.7 billion or 19.5 GW of power supply capacity. Quinbrook has completed a diverse range of direct
investments in both utility and distributed scale onshore wind and solar power, battery storage, reserve peaking capacity, biomass, fugitive methane recovery, hydro and flexible energy management solutions in the UK, US, and Australia. Quinbrook is currently developing and constructing some of the largest renewables and storage infrastructure projects in the UK, US, and Australia.
Jennifer Pflieger (US and UK media)
+1 (212) 446-1866
Guy McKanna (Australian media)
0430 355 985