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Power your business with clean renewable electricity: RENEWABLE ELECTRICITY SOLUTIONS

Decarbonize, diversify, and save with STRIVE by STX

Decarbonize your Scope 2 emissions, hedge and diversify your energy mix,
At STRIVE by STX, we recognize the uniqueness of your organization’s needs, providing a diverse range of customized renewable electricity options. Leveraging our expertise, we can optimize your procurement strategies and seamlessly guide you through the entire decarbonization journey. Decarbonize your Scope 2 emissions, hedge and diversify your energy mix, and save on energy with the support of STRIVE by STX.

Our Renewable Electricity Offering

We offer a range of renewable electricity solutions, from procurement of Energy Attribute Certificates (EACs) to Virtual Power Purchase Agreements (VPPAs), that can help you achieve your sustainability goals and enhance your business performance. Our offering includes:

Strategy and Procurement

Together we determine your organization’s electricity requirements and sustainability goals to create a renewable energy procurement strategy that meets your commercial objectives. We can execute this procurement strategy in a cost-efficient manner that meets your timelines. Driven by our exclusive HedgeZero solutions, we ensure that clients time the market and optimize procurement costs.

Purchase and Retirement

We manage the lifecycle of your renewable electricity procurement from acquisition to their subsequent retirement. Focus on your core business, as our experts track and report the transactions and ensure compliance and verification.

Generation and Sale

If you generate your own renewable electricity through solar panels or wind turbines, and have a surplus, we can help you register and certify your EACs, and find the best buyers and prices in the market. See our solutions for suppliers here.

Related content

On-demand webinar: Renewable Energy Insights: Trends, Procurement and Strategic Choices

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Benefits of Renewable Electricity

Mitigate Scope 2
Emissions

Reduce a significant emissions source by mitigating emissions from purchased electricity, steam, heating and cooling. By embracing renewable electricity attributes, your organization moves closer to your sustainability goals and joins in the international push to combat climate change.

Opt for Long-Term Price Stability

Allows your company to proactively manage pricing in the long term. As traditional electricity costs fluctuate, our exclusive HedgeZero solutions provide a structured and fiscally responsible alternative to standard procurement methods, safeguarding against future energy price volatility.

Enhance Reputation and Brand Image

Foster employee loyalty and tab into a market where two-thirds of consumers willingly pay extra for sustainable products. Embrace a green corporate identity, set your company apart from competitors, and attract eco-conscious investors and customers by investing in renewable electricity.

FAQ

  • What are the best sources of renewable electricity for my business?
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    The best sources of renewable electricity for your business depend on your location, consumption profile, sustainability goals, and budget. Some of the most common sources of renewable electricity are solar, wind, hydro, biomass, and geothermal. Each source has its own advantages and disadvantages, such as availability, scalability, reliability, and cost. STRIVE by STX can help you assess your renewable electricity needs and preferences, and provide you with the best renewable electricity options for your business.
  • How can I track and report my renewable electricity procurement?
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    You can track and report your renewable electricity procurement with the help of STRIVE by STX. We manage the lifecycle of your renewable electricity procurement from acquisition to their subsequent retirement. We also provide you with regular market updates that show your renewable electricity consumption, emission reduction, cost savings, and compliance status. We also ensure that your renewable electricity procurement is verified by third-party standards and registries, such as Green-e, CDP, RE100, and others.
  • What are the benefits of HedgeZero solutions?
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    HedgeZero solutions are a set of proprietary tools and strategies developed by STRIVE by STX to help clients optimize their renewable electricity procurement and reduce their acquisition costs. HedgeZero solutions leverage market data, analytics, and forecasting to help clients time the market, identify the best opportunities, and execute transactions efficiently and effectively. HedgeZero solutions can help clients save up to 30% on their renewable electricity procurement compared to traditional methods.
  • How do Virtual Power Purchase Agreements (VPPAs) work?
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    Virtual Power Purchase Agreements (VPPAs) are long-term contracts between a renewable electricity generator and a consumer, where the consumer agrees to pay a fixed price for the electricity produced by the generator, and the generator agrees to sell the electricity to the wholesale market. The consumer receives the EACs associated with the electricity generation, and the difference between the fixed price and the market price is settled financially between the parties. VPPAs allow consumers to support new renewable electricity projects and hedge against future price volatility, without taking physical delivery of the electricity.
  • What are Energy Attribute Certificates (EACs)?
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    Energy Attribute Certificates (EACs) are instruments that represent the environmental and social attributes of one megawatt-hour (MWh) of renewable electricity generation. EACs can be traded separately from the physical electricity, allowing consumers to claim the use of renewable electricity regardless of their location or grid connection. EACs are also known as Renewable Energy Certificates (RECs), Guarantees of Origin (GOs), or International Renewable Energy Certificates (I-RECs), depending on the region and market.

Get in touch with us to get more information regarding Renewable Energy Solutions.