Oct 12th, 2021
GreenFront Energy Partners and WattTime partner to advance emissionality
Joint effort will unlock greater emissions reductions by enabling renewable PPAs to target grid regions where clean energy can displace more fossil-fueled emissions
Richmond, Va. and Oakland, Calif.—October 12, 2021—Today clean energy-focused investment banking and advisory firm GreenFront Energy Partners and environmental tech nonprofit WattTime announced a new partnership to advance emissionality as an offering for GreenFront’s clients. Emissionality brings an additional lens to renewable energy procurement, by enabling investors and offtakers to identify which solar and wind projects can achieve the greatest emissions reductions, by displacing more fossil-fueled generation on dirtier grids. This will directly enhance GreenFront’s PPA Advisory practice, which represents corporate buyers in their renewable energy procurement efforts.
“Each energy buyer comes to the table with a different set of goals and priorities for their renewable energy procurement, from economic considerations to social and community impact, to environmental variables,” explained Adam Hahn, GreenFront Energy Partners. “But more and more, we’re seeing growing emphasis on maximizing beneficial climate impact, by signing renewable power purchase agreements (PPAs) for those solar and wind projects that achieve greater emissions reductions. Through our partnership with WattTime, we’re able to bring industry-leading emissionality insights to our clients.”
GreenFront and WattTime previously collaborated in support of Nucor, the largest steel producer in North America. GreenFront’s PPA Advisory helped Nucor evaluate a large portfolio of responses to its renewable energy RFP, and brought in WattTime to conduct an emissionality analysis to better understand the avoided emissions benefits of a set of finalists. WattTime has also worked with organizations ranging from Boston University to Salesforce to incorporate emissionality into their renewables procurement strategies.
“The growing adoption of emissionality is an exciting trend in corporate renewables procurement,” said Laura Corso, managing director of partnerships at WattTime. “Companies looking to maximize the emissions-reduction benefits of their renewable energy investments understand that not all solar and wind projects are created equally. We couldn’t be more excited for this partnership with GreenFront . With the urgency of the climate crisis, GreenFront is better-positioned than ever to help their clients focus their investments where they can achieve impact.”
For more information about emissionality and GreenFront’s PPA Advisory practice, please visit www.greenfrontenergy.com.
About GreenFront Energy Partners
GreenFront Energy Partners is an investment banking firm that specializes in alternative energy financial advisory. GreenFront’s service offering includes buy-side and sell-side M&A advisory and debt and equity capital raising, as well as PPA advisory services.
WattTime is an environmental tech nonprofit that empowers all people, companies, policymakers, and countries to slash emissions and choose cleaner energy. Founded by UC Berkeley researchers, we develop data-driven tools and policies that increase environmental and social good, including Automated Emissions Reduction and emissionality. WattTime is also the convening member and cofounder of the global Climate TRACE coalition. During the energy transition from a fossil-fueled past to a zero-carbon future, WattTime ‘bends the curve’ of emissions reductions to realize deeper, faster benefits for people and the planet.