Orlando, Fla. and Oakland, Calif.—04 October 2022—Software and energy solutions provider TimberRock today announced it is working with partners at environmental tech nonprofit WattTime to supercharge the emissions reductions possible through its E-IQ platform. The SaaS corporate energy decarbonization platform prioritizes authentic environmental impact and helps organizations account for and reduce energy-related emissions. Empowered with marginal emissions insights from WattTime, corporate users of TimberRock’s E-IQ can now go ‘beyond accounting’ to calculate—and act upon—the highest-impact emissions reduction strategies.
Through a longtime partnership with WattTime, TimberRock has embraced an impact-based approach to corporate carbon accounting using marginal emissions data to identify and maximize authentic emissions reductions rather than simply offsetting a company’s carbon footprint on paper. These data are now directly integrated into the E-IQ platform to make this approach easily actionable for corporations prioritizing sustainability plans that make a real difference for the planet.
“We built E-IQ around the same impact framework that drives WattTime’s work. Instead of just measuring megawatt-hours, E-IQ accounts for actual induced and avoided emissions—which we refer to as CO2e debits and credits,” said Brent Hollenbeck, CEO of TimberRock. “This allows our users to see how their operations are truly impacting the environment. E-IQ then takes it an important step further, making the data insights actionable, not just accounted for.”
E-IQ was designed for large companies looking for a simple and integrated tool to measure and reduce emissions from energy usage. With the recent launch of the portal component of E-IQ, the cyber-secure platform now measures Scope 1, 2, and 3 emissions by fully integrating with a company’s operations network and supply chain. The auditable GHG emissions data provided by the platform can be used for ESG compliance and to track progress toward hitting corporate climate goals.
Users of E-IQ have the tools necessary to make better decisions regarding energy consumption in order to lower emissions; the platform enables pathways to create authentic, high-impact emissions reductions in real time. For example, it may calculate the emissions impact of an external intervention, like signing a power purchase agreement (PPA) for a renewable energy project that displaces more fossil fuel generation, or may drive internal interventions directly, like shifting flexible energy demand (such as smart thermostats or EV chargers) to times when the local grid has surplus clean energy available.
TimberRock is a software and energy solutions provider with 20 years of experience helping organizations account for and reduce energy emissions. The company has worked closely with WattTime for four years to incorporate its impact-centric approach into TimberRock solutions. By building a tool driven by the impact framework, TimberRock has become a vocal leader in the energy accounting and management space, which is facing a reckoning over authentic and effective accounting practices.
“The scientific community reached consensus years ago that there’s obviously a world of difference between a project that reduces more emissions in the atmosphere, versus less,” said Gavin McCormick, founder and executive director of WattTime. “But traditional carbon accounting approaches all too often still don’t reflect this. That’s why we’re thrilled to see TimberRock leading the charge to upgrade traditional accounting to also measure ‘impact’—the overall effect of each sustainability project on total emissions that hit the atmosphere. After all, that’s the only thing that actually matters to the planet.”
WattTime works with companies, governments, policymakers, and others to make it simple to choose clean energy and reduce emissions. Their solutions are built around the idea that not all megawatts of electricity are equal, and that not all renewable energy projects have the same impact on the power grid. Factors like time and location have marked effects on the emissions-intensity of various decisions, and use of marginal emissions data helps to capture those nuances.
To learn more about an impact-based carbon accounting approach and the importance of using marginal emissions data, download WattTime’s recent report, Accounting for Impact: Refocusing GHG Protocol Scope 2 methodology on ‘impact accounting’.
To explore TimberRock’s solutions and learn more about the E-IQ platform, visit www.trock.io.
TimberRock believes in an emissions-free energy future in which decarbonized energy is abundant, accessible, low-cost and reliable. TimberRock's mission is to deliver the technology and services that achieve this future via it’s E-IQ platform. E-IQ is deployed across 100-million square feet of buildings today and provides energy emissions "impact" accounting that enables the journey to net zero energy emissions. For more information, visit https://www.trock.io.
WattTime is an environmental tech nonprofit that empowers all people, companies, policymakers, and countries to slash emissions and choose cleaner energy. Founded by UC Berkeley researchers, we develop data-driven tools and policies that increase environmental and social good. During the energy transition from a fossil-fueled past to a zero-carbon future, WattTime ‘bends the curve’ of emissions reductions to realize deeper, faster benefits for people and the planet.
Nikki Arnone, Inflection Point Agency