Without needing monthly or hourly data or
involving third-party utilities, REP models carbon emissions,
energy costs and compliance status for businesses starting their
climate risk assessment.
RENO,
Nev., April 18, 2024 /PRNewswire/ -- As
corporations prepare to disclose their greenhouse-gas emissions in
response to new climate rules and regulations, they are often
hindered by detailed data accessibility and a lack of understanding
as to where emissions compliance begins. NZero, the real-time data
and decarbonization platform, today announced the release of
its Rapid Emissions Profile (REP) tool, a low-friction entry
point for customers early in their decarbonization journey who are
seeking a baseline understanding of their emissions and their
penalty exposure without requiring access to actual utility data.
And this Earth Day, they're offering it for free.
Needing only building type, size, location and annual energy
consumption, REP uses AI and machine-learning to produce a
benchmark efficiency profile along with a compliance status and
projected annual fines. Emissions compliance is emerging as
complex, distributed and financially injurious, with large
potential penalties across local and state jurisdictions, in
addition to federal regulations. REP quickly audits this landscape
for its customers, provides insight into which buildings are likely
non-compliant and allows owners to prioritize their efforts
effectively and efficiently.
"The path to decarbonization is not always straightforward. It
requires sophisticated technology, partnerships with utilities,
coordination amongst a varied team of stakeholders and consistent
internal support. Not every business is ready to decarbonize, but
our hope is that with local and federal climate regulations soon to
take effect, we can encourage companies to take their first steps
toward getting started," said NZero Chief Technology Officer
John Rula. "At NZero we want to meet
customers where they currently stand, and REP represents a
zero-cost, friction-free solution that gives those just starting
out a sightline into their current emissions profile and whether
they can expect to be in or out of compliance. In doing so, we hope
to empower organizations early in their journey to make the
decisions needed today to reduce their financial risk in the short
term and achieve success that's good for their operations and
ultimately for the planet."
More companies are seeking to understand current and potential
regulations that might affect their facilities. REP uniquely
permits users to understand impacts of multiple regulatory
compliance regimes across the United
States, such as Denver's
Regulation 28, New York City's
Local Law 97 and Boston's BERDO.
The platform utilizes established benchmarks to better allow
companies to recognize their exposure, identify challenges their
current operations face to meet set standards and select optimal
tasks to adjust and comply. REP will continue to expand its
capabilities as additional municipal, state and national
regulations requirements begin, including California's SB 253 and SB 261 and the
SEC's recent ruling to enhance climate-related disclosures for
public companies.
Once insights into current emissions performance are unveiled by
REP, NZero's additional tools can enable building and asset owners
to develop optimized, long-term decarbonization frameworks,
considering cost, payback and carbon reduction metrics. NZero's
core platform ingests and enhances energy data at the highest level
of granularity and accuracy available, then automates it to track
across scopes, emissions targets and points of time. Ongoing data
automation ensures continuous measurement and one-click reporting,
eliminating any questions about where an organization stands
compared to compliance levels, how best to maximize ROI at every
stage from every facet and how to meet net zero targets.
In celebration of Earth Day (April
22), NZero is making REP free and available to the general
public for a limited time. Building owners, especially those in
Denver, NYC and Boston, can register here to get updates on
when access is available and learn more about their compliance
status.
About NZero
NZero is a real-time data and
decarbonization platform for sustainability leaders in government
and business that seek to measure, analyze, report and act on
sustainability initiatives across all three scopes. Founded on the
belief that the right data can free us to think and act boldly on
climate, NZero has operationalized the highest level of data
granularity to drive better forecasting and retrofitting of even
the most complex decarbonization initiatives. Unlike other
offerings that rely on third-party data and outdated utility
averages, NZero's data helps clients understand changes
hour-by-hour, access metrics to reach climate goals and reduce
operational and capital costs. NZero's data is audit-ready and
compliant with all reporting criteria, mitigating risk and ensuring
that organizations are prepared for new rules, regulations, and
financial reporting demands. In 2023, NZero was selected by the
Greenhouse Gas Protocol to help develop new Scope 2 reporting
standards and is helping to lead CarbonCall.org in developing new
carbon accounting standards. NZero has received national
recognition as Fast Company's World Changing Ideas Honors (2022),
TIME Magazine's 200 Best Inventions in the Sustainability category
(2022), and Small Business of the Year by the Business Intelligence
Group (2023).
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SOURCE NZero