Power Synch provides a marketplace for large buyers and sellers of sustainable power.
The landscape of electric generation is rapidly shifting from a handful of centralized, carbon-intensive plants to a multitude of decentralized solar and wind farms. Concurrently, buyers are actively seeking to engage with these renewable energy sources, yet, until now, no efficient avenue has existed to facilitate this engagement. Power Synch enables large-scale buyers of power to directly access low-carbon energy generators, enabling efficient matchmaking and transaction. Power Synch is the only sustainable power platform that provides for both physical delivery and digital verification.
Mission
Accelerate the transition to a zero carbon grid. To achieve this mission, Power Synch utilizes distributed ledger technology (DLT) to make power decarbonization accurate, scalable and accessible to all customers:
Carbon Project Integrity
The Guardian Ecosystem enables ALLCOT to create a standardized project development framework that fosters trust, transparency and compatibility across all project stakeholders. This ensures the creation of high-integrity projects while maximizing benefits for local communities.
The Guardian Ecosystem facilitates the fulfillment of methodology standards, validation body requirements, project developer needs, and community expectations, thereby enhancing the overall efficiency and transparency of the project
ALLCOT stakeholders benefit from access to accurate and comprehensive information on Hedera Guardian’s public ledger, leveraging a common set of rules and standards, fostering trust and accountability.
Transparently demonstrating how project resources are allocated on the public ledger enables ALLCOT’s stakeholders to comprehend the full scope of a project's efforts, flow of funds, and impact.
By recording the transaction cost at every stage of a project's progress, resulting carbon credits can be priced to maximize revenue distribution back to the local community.
By utilizing Hedera Guardian’s digital ledger, ALLCOT is able to minimize accounting errors, make auditing more open and efficient, and enable a more equitable emergence of verification and validation partners.
The Hedera Guardian Ecosystem establishes a secure chain of data custody, particularly in the case of drone-captured information for origination purposes. This enables ALLCOT to ensure that all project data remains intact, trustworthy and accurately tethered to each project attribute.
By ensuring that data provided aligns with the necessary frameworks, the Guardian helps meet specific industry needs and standards, while ensuring compliance with multiple reporting requirements.
ALLCOT is focused on creating products that surpass the limitations of conventional methods, shifting towards more advanced and efficient approaches to future sustainability markets.
The Guardian serves as a single source of truth, ensuring that policies and rules are standardized and compatible with other sustainability market actors. This enables ALLCOT to align financing through carbon forwards and the structuring of green bonds seamlessly across various entities within the ecosystem
The adoption of a common taxonomy within Guardian enables ALLCOT to establish a standardized language for discussing and addressing various sustainability issues. This fosters better communication and alignment for more effective and cohesive climate action.
By leveraging the flexibility and adaptability of Guardian, ALLCOT has the ability to provide various pathways for different stakeholders as the sustainability market evolves.
The Hedera Guardian Ecosystem operates as a common good, providing services to the entire ecosystem without an extractive fee-based model.
ALLCOT leverages the Hedera Guardian Ecosystem to build on and integrate various services and initiatives already established by other community members. This creates an aligned, streamlined ecosystem of sustainability market actors that avoids duplication to serve the needs of communities, investors, and project developers.
Digital verification
Digital verification starts at the generation source meter when the hourly data is uploaded to the grid system. Power Synch is able to verify, track and present generation production on Hedera. Power Synch automates delivery and payment of low carbon power via smart contracts, leveraging Hedera’s Smart Contract Service. This automated payment process reduces transaction risk thus allowing for reduced collateral requirements, leading to more economical pricing and allows the seamless integration of relevant data and production of the corresponding contract, increasing accuracy and reducing administrative burdens.
Greater accessibility
Smart Contracts enable sustainable power to be competitively purchased in tranches as small as 1MW for 1 month, meaning Power Synch can provide much more optionality to the marketplace to allow many more companies to participate. Companies that do not cover their entire Scope 2 obligations with V/PPAs and need to purchase competitively sourced sustainable power for shorter terms can utilize the Power Synch platform to build a portfolio of purchases that have their S/REC attributes automatically verified, tracked and presented for audit-ready reporting on Hedera.
Speedy, long term growth
As Power Synch enables sustainable power to be purchased faster, greater demand is created for sustainable power production. By creating a more efficient marketplace accessible to more companies and generators, price efficiency improves. Hedera’s robust, low carbon, low fee infrastructure provides a DLT technology that can scale with this demand and provide the verification transparency that leads to greater trust in the accuracy of companies’ claims.
Power Synch is proud to work with Guardian's ecosystem of partners:
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