What is 24/7 carbon-free electricity (CFE)?
It means using locally sourced carbon-free electricity around the clock – 24 hours per day, 7 days a week.
It works by matching electricity demand with carbon-free generation, where and when consumption occurs.
It's the next frontier in renewable electricity procurement
Location-based matching gives a clear demand signal to show where more carbon-free electricity is needed. By purchasing it from electricity grids where consumption occurs, companies can drive greater impact in the communities where they operate.
24/7 carbon-free electricity will encourage innovation by deploying a broad set of technologies – including increasing renewables, improving battery storage, and using flexible and dispatchable tech to fill gaps when more intermittent carbon-free sources aren’t available.
Forward-thinking leaders are setting the direction
Our partners – Google, AirTrunk, AstraZeneca, Cathay Financial Holdings, Cathay Life, Google, Princeton Digital Group, Shree Cement and Unilever – will measure and report their hourly matched electricity use in at least one market within the next 2 years, providing new insight to test how 24/7 carbon-free electricity could help modernise and remove more fossil fuels from grids globally.
“Energy transition is not a challenge handled by one company, industry, or country alone; It requires collaboration, innovation, and long-term commitment.
Chang-Ken Lee, CEO, Cathay Financial Holdings
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24/7 Carbon-Free Electricity Webinar Series
Climate Group joined forces with Renewabl to create this exciting webinar series designed to make 24/7 CFE a reality for your company. Each session builds on the other, moving from beginner friendly summaries to more technical deep dives as the series progresses.
Available on YouTube