Renewable Energy Credits
What EACs Are Energy attribute certificates (EACs) are the leading way organizations use green power globally. Known as RECs in North America, GOs in the EU, and I-RECs in many developing markets, EACs are used by thousands of organizations to meet renewable energy commitments or carbon reduction goals. They are recognized for their value as a renewable energy market indicator by the US EPA, the GHG Protocol, CDP, and WRI, among others. Fortune 500 with RE goal 43% Fortune 100 with RE goal 60% An EAC verifies that one megawatt hour (MWh) of renewable electricity was generated by a clean power facility and added to the electric grid. When the electricity is generated, an EAC is created simultaneously in a 1:1 ratio. Once renewable electricity joins the grid, there’s no way to accurately track it. Organizations that own EACs in a corresponding volume to the amount of purchased electricity consumed are assured that the equivalent volume of green power was generated.