Archives

Raising the bar on corporate ambition: A recap from RE-Source 2018

While the US were enjoying their Thanksgiving holiday last week, over 800 attendees gathered in Amsterdam for the RE-Source 2018 event, Europe’s major corporate renewable energy procurement conference. Hosted by the RE-Source Platform, an alliance of stakeholders representing clean energy buyers, the event was well attended by a range of multinational corporations, renewable energy providers, policy makers and financial & legal firms. The scale and growth of this year’s event was a positive reflection of the growing appetite for corporate clean energy procurements, largely propelled by widely recognised initiatives such as the Climate Group’s RE100 and the WRI’s GHG reporting protocol. As a trusted supply agent of Carbon Offsets & Renewable Energy Certificates (RECs), Numerco has continued to follow the development of renewable energy markets and enjoyed the opportunity to learn more about the key trends in the rapidly evolving European Power Purchase Agreement (PPA) and Guarantees of Origin (GO) market.


The key take home message from the conference was clear, corporates are willing to advance their environmental targets and commit to renewable energy. Representatives from almost 100 companies signalled their intent by signing a joint declaration, calling on European Policymakers to remove regulatory and administrative barriers to corporate RE procurement. The declaration, signed by companies such as Facebook, Google, Microsoft and Ikea also appealed for clearer and simpler rules over the ownership of GOs and cross-border renewable energy transactions. European policymakers present at the event assured attendees that the recently passed Renewable Energy Directive will address these concerns, providing regulatory certainty and enabling conditions for clean energy investments.

Research by the International Renewable Energy Agency (IRENA) revealed that of the 465 TWh or renewable electricity sourced by corporates in 2017, PPAs were the third most common sourcing model behind unbundled Energy Attribute Certificates (EACs) and self-production installations. Whilst to date the majority of PPAs have taken place in the USA, their rising demand in Europe is compelling. In addition to the climate leadership and brand communication drivers of procuring renewable energy, PPAs can provide corporate customers price certainty, allowing users to hedge against longer term price volatility. GOs are a critical component within this framework, ensuring traceable renewable procurements embedded within PPAs, green tariffs or acquired unbundled from the electricity. The rise in pricings of GOs over the past year is evident of the rising demand for traceable renewable energy procurements across the continent.

Why stop at 100 corporate buyers though…? RE-Source reiterated their ambition on raising 100 active RE buyers to 100,000. Whilst facilitative policies included in the new EU directive aspire to ease access in Europe, procuring renewable energy in emerging economies and other parts of the world remains challenging as the final panel of the conference concluded. RE100 and international commitments continue to grow demand for PPAs and Renewable Energy Certificates (RECs) beyond Europe and the US. The expansion of International Renewable Energy Certificates (IRECs) and Tradable Instrument for Global Renewables (TIGRs) provide reliable tracking systems for energy attribute certificates in jurisdictions with no domestic schemes in place.

Numerco are committed to promoting RE-Source’s mission of raising ambition in corporate renewable energy procurements by providing a transparent landscape for energy certificate and carbon offset procurements. As a key agent in the supply chain of IRECs, TIGRs, GOs & REGOs, Numerco has been working closely with over 200 partners in 38 countries worldwide. By providing transparent pricing and marketing material from a diverse range of projects, we offer customised and trusted solutions to help companies achieve their renewable energy goals and promote the development needed to meet the Paris Climate Accord’s goals.

To speak to a member of Numerco’s carbon and renewables team, please contact Gareth Turner at gareth.turner@numerco.com.

EBRD, ACWA Power and Numerco partner to deliver carbon neutral Annual Meeting

ACWA Power recently partnered with the European Bank for Reconstruction and Development (EBRD), and Numerco, a company specialising in sourcing and supply chain optimisation, to offset the carbon footprint of the twenty-seventh EBRD Annual Meeting and Business Forum.

The EBRD started purchasing carbon credits to make its Annual Meeting carbon-neutral since 2013; in previous years, it made investments in energy efficiency to off-set emissions. The Bank is currently in the process of making its entire operations carbon-neutral.

 

This year, for the twenty-seventh Annual Meeting in Jordan, which for the first time took place in Southern and Eastern Mediterranean (SEMED) region, the EBRD has estimated 3,500 tonnes of carbon dioxide was generated by participants’ flights, energy consumption at the venue, and transportation. To offset its carbon footprint, the EBRD has purchased carbon credits from ACWA Power’s Khalladi Wind Farm in Morocco- a renewable energy project co- financed by the bank.

 

The 120 MW Khalladi wind power plant in Morocco is the first project in the country certified by the Gold Standard, a best practice standard to ensure projects that reduce carbons emissions also deliver on the dual mandate to foster sustainable development. Khalladi is also the first W+ certified project in Morocco, an innovative framework to quantify and monetize the social capital created by women, recognising and rewarding female contributions to a sustainable environment.

 

Commenting on the partnership, Paddy Padmanathan, President and CEO, ACWA Power said: “Our partnership with EBRD and Numerco is a reflection of how the private sector can effect meaningful change and create value for local communities and the environment as a whole by exploring carbon mitigation strategies. The Khalladi wind power plant supports the diversification of Morocco’s energy supply while supporting the local population in developing their renewable energy industry, contributing to job creation and socio-economic development in the Kingdom.”

 

Sir Suma Chakrabarti, EBRD President, said: “We are delighted to be purchasing high quality credits from a project financed by us. The Khalladi wind project is a first in many ways; we could not choose a more apt source of emission reductions to offset the emissions associated with our first annual meeting in the SEMED region than this ground-breaking private windfarm in Morocco.”

As one of the first private wind power projects in Morocco, the Khalladi Wind Farm contributes to the diversification of the energy mix in the country, and supports the national agenda to promote clean sources of energy with a targeted development of 2,000 MW of installed wind capacity by 2025.

Numerco releases nuclear fuel Android App.

PRESS RELEASE

‎London, Tuesday 9th October 2015 – Numerco, the specialist commodity supply company, is pleased to announce the release of a uranium and nuclear fuel Android app. The app provides real time pricing indications and historical charting for the nuclear fuel markets, including uranium in form U3O8 and UF6, along with conversion and enrichment services. The application, which is free of charge to Numerco clients, is available to download in the Play store here.

‘Our commercial role in the nuclear fuel markets is to facilitate trade by efficiently bridging the location, form and duration differences that exist in the nuclear fuel markets’, adds Scott Lawrence, Numerco’s managing director. ‘In performing this function, we’ve grown to appreciate the importance our customers place on intraday pricing when making decisions and this development is designed to streamline the pre trade process through us.’

The app will supplement the iPhone app and live uranium pricing ‎portal currently available on the Numerco website. Plans for version updates include dynamic charting, instant message with numerco, nuclear fuel calculators and reactor/mine maps and information.

About Numerco

Numerco is an independent commodity supply company, specialising in both the sourcing and supply chain optimisation of esoteric physical materials, energies and industrial products. Headquartered in the UK, the aim is to provide professional supply services through our well established sourcing and distribution networks, coupling expertise on both the development and aggregation of global sources of production.

For futher information contact

Numerco Limited
20, Birchin Lane
London, EC3V 9DU
T: +44 20 3713 4480
M: middleoffice@numerco.dev

Numerco appoints Speight as North Amercian nuclear fuel representative

Press Release

London, United Kingdom, March 24th 2015. Numerco Limited (“Numerco” or the “Company”) is pleased to announce the appointment of Susan Speight as its North American Nuclear Fuel representative with immediate effect.

Sue has over 30 years’ experience both as a buyer and supplier of nuclear fuel covering the full breadth of the front end fuel cycle. Most recently Sue held a senior position within global mining firm Uranium One Inc, where she was responsible for marketing uranium to the international consumer base.

Sue started her career in the nuclear fuel business as a buyer with over 15 years at the North American utility Progress Energy in Raleigh, following which she had leadership roles at ConverDyn where she was responsible for conversion services, USEC marketing isotopic enrichment; and General Atomics responsible for uranium sales.

Sue is the former Vice Chair of the World Nuclear Fuel Market and is currently involved in wider work as an expert witness as well as broader procurement and sales consultation for a number of utilities and suppliers.

“Since inception we’ve worked hard to continuously innovate our offering in the nuclear fuel space, enhancing the pre and post trade services we provide based on our clients feedback. We’re delighted to have a former customer of Sue’s calibre now representing our activities to North American utilities. Says Scott Lawrence, Numerco’s Managing Director. “There are a small number of individuals with the breadth of experience across the sector that Sue brings and we’re excited to be working together.” He adds.

About Numerco Limited

Numerco Limited is an independent commodity supply company, specialising in both the sourcing and supply chain optimisation of physical materials, energies and industrial products. Headquartered in the UK, the aim is to provide professional supply services through our well established sourcing and distribution networks, coupling expertise on both the development and aggregation of global sources of production.

For further information contact:

Press Officer
Numerco Limited
20, Birchin Lane
London, EC3V 9DU
United Kingdom
T: +44 20 3713 4480

Numerco Releases Nuclear Fuel iPhone App

PRESS RELEASE

‎London, Tuesday 14th October 2014 – Numerco, the specialist commodity supply company, is pleased to announce the release of a uranium and nuclear fuel iPhone app. The app provides real time pricing indications and historical charting for the nuclear fuel markets, including uranium in form U3O8 and UF6, along with conversion and enrichment services. The application, which is free of charge to Numerco clients, is available to download in the Apple store.

‘Our commercial role in the nuclear fuel markets is to facilitate trade by efficiently bridging the location, form and duration differences that exist in the nuclear fuel markets’, adds Scott Lawrence, Numerco’s managing director. ‘In performing this function, we’ve grown to appreciate the importance our customers place on intraday pricing when making decisions and this development is designed to streamline the pre trade process through us.’

The app will supplement the live uranium pricing ‎portal currently available on the Numerco website and plans for version updates include dynamic charting, instant message with numerco, nuclear fuel calculators and reactor/mine maps and information.

About Numerco

Numerco is an independent commodity supply company, specialising in both the sourcing and supply chain optimisation of esoteric physical materials, energies and industrial products.  Headquartered in the UK, the aim is to provide professional supply services through our well established sourcing and distribution networks, coupling expertise on both the development and aggregation of global sources of production.

For futher information contact

Numerco Limited
20, Birchin Lane
London, EC3V 9DU
T: +44 20 3713 4480
M: middleoffice@numerco.dev

 

Numerco_App2

 

 

Numerco Partners Global Cookstove Alliance

Numerco has become a partner of the Global Alliance for Clean Cookstoves, a public-private initiative led by the United Nations Foundation to save lives, improve livelihoods, empower women and protect the environment by creating a thriving global market for clean cooking solutions.

Learn more at www.cleancookstoves.org.

Numerco: Voluntary Carbon Markets Winner 2014

PRESS RELEASE

London, Monday 7th July 2014 – Numerco, the specialist commodity supply company, is pleased to have been voted the Number 1  Voluntary Carbon Broker in the recent Carbon Market Rankings by Environmental Finance magazine.  The award was established by votes from over 720 market participants covering the full spectrum of the supply chain; from project developers and registry providers; through to verification firms and retail offset providers.

 

Gareth Turner, Director of Carbon and Renewables at Numerco, notes that ‘The Environmental Finance rankings continue to be the annual benchmark for voluntary carbon market and is held in the highest regards across the industry.  The voting focuses on reliability, innovation and quality of service; which are areas in which we pay particular attention, so winning this is a great honour and we wish to thank our customers across the globe for their support.’

 

Scott Lawrence, Managing Director of Numerco adds ‘Voluntary carbon is used by institutions to neutralise the greenhouse gas footprint of their business or supply chain with projects which simultaneously provide wider social, economic and environmental benefits.  At Numerco we’re committed to minimising our own impact on climate change in this way and publish the projects we use to offset ourselves under the responsibility section of our website.’

 

About Numerco

Numerco is an independent commodity supply company, specialising in both the sourcing and supply chain optimisation of esoteric physical materials, energies and industrial products.  Headquartered in the UK, the aim is to provide professional supply services through our well established sourcing and distribution networks, coupling expertise on both the development and aggregation of global sources of production.

Numerco Concludes $62m Supply Contracts

Press Release

 

London, Thursday 28th November 2013

 

Numerco, the specialist commodity supply agent, is pleased to announce the conclusion of energy, renewable and industrial product supply contracts totalling over 62 million dollars in the first 5 months of trading. The company aims to be an efficient central supply channel by bridging the gap between economically priced reliable production and the location, form and delivery preferences of  the global consumer base.

 

“With narrow margins averaging 0.75% across our product base, it’s important to maintain a wide global footprint with coverage through the time zones”, explains Numerco’s Managing Director, Scott Lawrence. “We value the business of over 40 customers spanning 23 countries and this early milestone is a testament to the continued value they place in the services we provide”

 

For further information contact:

Numerco Limited
25 Berkeley Square
London, W1J 6HN
United Kingdom
‎Mail: info@numerco.dev

Numerco Organises Nuclear Fuel Supply

Numerco, the London based commodity supply agent, has successfully concluded a multi million dollar nuclear fuel transaction in the form of natural uranium oxide (U3O8) for a European based utility, with a single delivery taking place in the first quarter of 2014 at a North American conversion facility.

37182

Numerco Supplies Kenyan REDD VERs

Numerco, the London based commodity supply company, concludes a transaction to supply CO2 reductions generated from a degradation and deforestation project in Kenya.  The project protects over 500,000 acres of highly threatened Kenyan forest, conserves the habitats of endangered species and provides income to more than 100,000 people in the surrounding communities.  The project has been verified to both VCS and CCBA standards.

Kenya REDD