Singularity Energy has developed a product that addresses one of the critical but underreported issues of emissions tracking. Aptly named CarbonFlow, it provides granular details about energy flows on the grid and the emissions generated by its consumption.
Taking an entirely new approach to carbon accounting CarbonFlow is able to trace emissions at an individual line and load level. Its database can track emissions data from the initial production stages, all the way to where energy is used. This capability could revolutionize how carbon emissions are monitored, providing increased transparency and accountability for all stakeholders.
Speaking to Carbon Herald in 2023, Singularitys CEO Wenbo Shi stressed on how important determining the source of energy is. You dont actually burn coal or natural gas to generate electricity in your home. There are power plants that supply the electricity that everybody is using through the power grid. And that is a very complex machine. How do you really know where your power comes from? Does that come from clean energy sources? Or does that come from fossil fuel sources? When people start asking these questions, then you have to know that. And the answer is not very simple.
One of the key features of CarbonFlow is its ability to trace emissions back to their original source. This allows businesses and consumers to identify the precise sources of emissions and take targeted actions to reduce them. By gaining insights into the carbon intensity of different products and processes, organizations can make more informed decisions about resource allocation and supply chain management.
Relevant: Tracking Emissions On An Hourly Basis Is Going To Be Critical For Informing Decarbonization Policy Greg Miller, PhD Research and Policy Lead at Singularity Energy
These capabilities allow CarbonFlow to address one of the main challenges when it comes to calculating consumed emissions. Existing approaches focus on the import and export data between grid operators, combined with information about the fuels being used for power generation.
Though highly informative on a large scale, this approach leaves a gap when it comes to determining how emission rates vary on a region by region basis. CarbonFlow manages to zoom in on that regional level because it can account for power flows across individual transmission corridors.
With this the applications of CarbonFlow can cover a variety of needs like Scope 2 emissions accounting, quantifying the deliverability of renewable energy as well as providing insight for policymakers.
With willingness among many consumers and businesses to reduce their emissions increasing, there are those who remain on the sidelines because they dont feel like they are in a position to make an informed decision. The real-time visibility and accountability that CarbonFlow provides can be one of the most powerful tools to address this challenge.
Read more: Power Sector Decarbonization Through Innovative Data Intelligence: Wenbo Shi, CEO And Founder At Singularity Energy
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