Buy RECs with actual impact.
Raise the bar on Renewable Energy Certificates with Ever.green's high-impact RECs, built with additionality and emissionality at their core.
Mitigate your business' scope 2 emissions and get to 100% renewable energy.
The trusted platform for buying high-impact RECs
Simplify your project search
Get matched with yet-built, vetted clean energy projects that meet your sustainability goals with our all-in-one platform. All projects are screened with our ESG Scorecard.
Follow along as project is built
With your support, a new project can get needed funding and is built in 1-2 years. This is a new clean energy that is only possible with your support.
Heal the planet, tell your story
Use your REC purchase to mitigate your scope 2 emissions and achieve your ESG goals. Ever.green reports on and continually monitor other key ESG metrics, including emissionality.
REC methodology
Our high-impact RECs ensure that every certificate sold directly contributes to the financing and viability of new projects, addressing the core issue of additionality in a way that traditional markets have failed to do.
Ever.green’s new approach prioritizes long-term contracts, meaningful pricing, and rigorous additionality testing to ensure that REC purchases provide substantial economic benefits to renewable projects, making them more attractive to investors and more likely to proceed.
What makes them high-impact?
To accelerate the transition to renewable energy, companies buy Renewable Energy Certificates (RECs) via long-term contracts with yet-built projects. As with Virtual PPAs, these long-term contracts can make projects happen that would not have happened otherwise, a concept known as additionality.
Ever.green aggregates demand for high-impact RECs into contracts with minimal risk and a size and length that is accessible to most businesses. We test for additionality and bring greater transparency to the impact of every REC on every project on the planet.
Spot purchases from brokers for existing projects
5-15 year forward contract connected to future project
Barely clears minimum scope 2 standards
In-line with GHG Protocol best practices
No transparency or reporting on environmental or social impacts
Robust reporting via ESG Scorecard and estimated of avoided emissions for each REC
Lower price, variable year to year, set by REC brokers in the voluntary market
Higher price, based on term and having a material impact, fixed for the entire contract giving price certainty,
Does not help make new projects happen
Material impact on standing up new projects
Ever.green Insights on High-impact RECs
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Frequently Asked Questions
What are RECs?
A renewable energy certificate, or REC, is a legal instrument that gives its holder the exclusive right to claim the purchase of an amount of renewable energy, usually one (1) MWh. Once a REC has been purchased, federal regulations state that no other party has the right to claim the use of that MWh of renewable energy, even if that party directly consumes that energy on-site.ir federal tax liability.
Individuals, family offices, and closely held private companies can offset federal tax liability from passive income.
Who can buy RECs?
In practice, anyone can buy RECs, and in fact many individuals receive renewable energy credits from community solar projects or are allocated them by their utilities. Generally, however, Ever.green works with companies, nonprofits and other organizations that need to purchase RECs to meet their sustainability goals.
How can RECs help me meet my sustainability goals?
When an organization looks to reduce its greenhouse gas emissions, it has to evaluate three different categories of emissions - Scope 1, Scope 2 and Scope 3.
- Scope 1: Direct emissions (e.g., emissions created by the organization’s own manufacturing facilities, or from vehicles needed to provide the Company’s services)
- Scope 2: Indirect emissions attributable to the Company’s energy use.
- Scope 3: Indirect emissions attributable to the Company’s supply chain and customers.
RECs can most directly help an organization using power from the electric grid to address its Scope 2 emissions. Each REC represents the purchase of 1 MWh of renewable energy. Generally speaking, if an organization purchases a number of RECs equal to its energy use for a given year, then under current “market-based” accounting rules approved by the Greenhouse Gas Protocol, it is allowed to claim zero Scope 2 emissions for that year.
What are Ever.green’s High-Impact RECs, and how are they different from normal RECs?
Ever.green RECs are a new REC product with two key features that are intended to guarantee that your purchase of the REC will have a high impact:
- The Ever.green REC must meet Ever.green’s standards for additionality.
- The Ever.green REC must also meet the standards laid out in our ESG Scorecard.
In brief, in order to sell the RECs on a project, we require that the developer demonstrate that the RECs are material to the decision of whether or not the project will be built or will be financially viable over the life of the project. Our ESG Scorecard lays out minimum requirements with respect to the projects in terms of emissions avoidance, minimization of environmental impact, adherence to labor practices in the construction of a project and a project’s community impact.
Further, and following suggestions laid out in the current Scope 2 Guidance by the Greenhouse Gas Protocol, we contract directly with developers:
- Only with respect to new or newly-repowered projects
- At prices greater than the market price for spot RECs
- Via long-term contracts on which the project can rely for funding in down years
All of these factors contribute to helping drive the creation of new renewable energy resources, or of keeping existing resources on-line. Certain projects can achieve particular distinction by accumulating “bonus” points on our scorecard, meeting criteria that are desirable but not strictly required.
Are Ever.green RECs Green-e® certified?
Ever.green RECs are Green-e® Energy certified, and meet the environmental and consumer-protection standards set forth by the nonprofit Center of Resource Solutions. Learn more at www.green-e.org.
For more information about Renewable Energy Certificates (RECs), see: www.green-e.org/rec.
How do I buy Ever.green RECs?
As noted above, Ever.green RECs are only sold through forward commitments. If you see one or more REC projects on our marketplace that you would be interested in supporting through a long-term REC purchase, please contact us and we can begin the process of onboarding you as a customer before presenting you with a draft forward purchase agreement for review.
Generally, our contracting process involves back-to-back agreements with developers and end-user customers. We will enter into forward purchase agreements for RECs directly from developers on new or repowered projects, after completing a diligence process. This forward purchase agreement will also contain representations backing up the high-impact nature of the RECs. Prior to, or concurrent with, the commencement of the project’s commercial operations, Ever.green will resell those high-impact RECs as Ever.green RECs under forward purchase agreements with end customers.
One exception to the above is if an existing customer contract is terminating, but Ever.green remains committed to purchase RECs from an existing project, Ever.green may contract with a new customer to resell the newly available REC stream. We view these as RECs as still having high impact because the developer relies on the continued revenue stream from the REC sales at the time of construction to guarantee the viability of the project, and Ever.green relies on the new end-user customer to enable it to meet its obligations to the developer.
Who is Ever.green?
Ever.green is a high-impact REC and clean energy tax credit marketplace that empowers businesses of all sizes to participate in the energy transition, meet their sustainability goals, and make a financial return. Through Ever.green, companies can purchase tax credits at a discount and commit to forward contracts for high-impact Renewable Energy Certificates (RECs) that help stand up new clean energy projects. Ever.green's marketplace includes streamlined transaction support, standard documentation, due diligence, filing, and compliance monitoring services to reduce risks and maximize efficiency for all parties. Ever.green is a marketplace for accelerating the transition to renewable energy.
We are a team of energy, regulatory, and product experts dedicated to opening up investing in renewables to everyone and accelerating our path to net-zero emissions. We are bringing new capital to the table and funding the creation of new renewable energy and storage projects.
We have seen deals challenged by misaligned expectations,and have found that a key to success in this early market is a highly curated process, where we work with both the buy side and sell side to close deals. What you get from Ever.green is a hands-on, dedicated team, legal documents to support transactions, and an ecosystem of 3rd party partners to support any diligence and filing needs.
Add clean energy tax credits
Add Ever.green clean energy tax credits to your REC purchase and use your tax savings to help subsidize or entirely erase the cost of RECs.
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