White Certificates
Taking care of the environment can benefit a company's bottom line. With CPower managing a company's environmental assets, clients capture the full value of their energy efficiency efforts. Through the creation and monetization of environmental credits, CPower makes sure energy efficiency and renewable energy projects generate revenue beyond savings at the meter. CPower monetizes the benefits of energy efficiency and renewable energy projects by creating White Certificates and Renewable Energy Credits (RECs). Clients that earn White Certificates and RECs are eligible to participate in current and emerging environmental asset markets.White Certificates are tradable commodities that capture the economic and environmental benefits of energy efficiency measures. With appropriate measurement and verification, each kilowatt hour of savings becomes a White Certificate. The greater the energy savings, the more White Certificates are generated. White Certificates accrue dollar value and can be sold to a number of buyers, including utilities, governmental organizations and private investors, or they can be banked for future sale. Once a kilowatt reduction is certified and registered, it can be sold for the life of the reduction's impact - up to 10 years for some measures. Energy efficiency projects, including lighting retrofits, chiller, motor, heat pump and HVAC replacements qualify.
CPower's turnkey White Certificate management includes:
- Coordinating an independent audit by a third-party certified engineer to verify energy savings
- Registering the maximum impact of the permanent energy savings with the Public Utility Commission (PUC)
- Identifying the optimal time and price at which to sell the White Certificates based on client instructions
- Continuously validating, registering and selling assets for the life of the project's impact