Trade your Energy Attribute Certificate Live
Spritju is the B2B marketplace for EACs – Energy Attribute Certificates powered by our advanced Energy Traceability Machine with its unique engines
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F.A.Q
Frequently Asked Questions
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Why verifying the source of energy is important?
Energy accounts for 73% of carbon emissions in the world but energy is among the least traceable products in the world as we cannot tag electrons. Energy is currently made traceable with low-quality energy certificates for which corporate pay 32 MEUR per year.
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What is an EAC – Energy Attribute Certificate?
An Energy Attribute Certificate (EAC) is a market-based instrument that represents the environmental attributes of electricity generated from renewable energy sources. When renewable energy is produced, it is fed into the electrical grid, where it mixes with electricity from non-renewable sources. EACs are created to track and certify the renewable attributes separately from the actual electricity. Here's how it works: for every 1 megawatt-hour (MWh) of electricity generated from a renewable source, one EAC is issued. This certificate confirms that the electricity was generated from a renewable source and can be sold separately from the electricity itself. Organizations, businesses, or individuals can purchase EACs to offset their carbon footprint or to meet renewable energy targets or regulatory requirements. EACs play a crucial role in incentivizing renewable energy production and consumption, as they provide a means for consumers to support renewable energy projects financially and demonstrate their commitment to sustainability. EACs have different names in different countries such as GoO (Europe), REC, iREC (Americas and Middle East), STCs and LGCs (Australia), J-Credits (Japan) and etc.
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What is Spritju?
Spritju is the B2B marketplace with advanced AI and blockchain features for energy certificates, not only to reduce energy certificate procurement costs by 20% while increasing the granularity of certificates by 8760 times to be compliant with new global standards.
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Why should you purchase and manage EAC on Spritju?
Spritju offers a flexible platform to easily trade and manage EACs. Our value creation can be summarized in the following bullet points: • Benchmarked 20% cost reduction for EAC procurement • Increased granularity by 8760 times from a yearly product to an hourly product • Offering auditability and high transparency