Quinbrook Infrastructure Partners has launched a digital platform called Quintrace, designed to give 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 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.
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Quintrace aims to meet this need via a dashboard tool that assimilates all power supply and consumption data powered through a cloud-hosted platform. It enables 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,” Quinbrook managing partner and co-founder David Scaysbrook said.
“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. This urgent customer need is exactly why we created Quintrace.”
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. It also streamlines the alignment of renewable energy generation with consumption across multiple project and customer site portfolios.
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 optimisation of both commercial and carbon impact objectives in real-time.
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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.
