Jasmine Energy’s Renewable Energy Option Earns Green-e Energy Certification
Jasmine Energy’s Jasmine RECs renewable energy certificate (REC) product has earned certification by Green-e® Energy, the largest certification program in North America for retail renewable energy products. With Jasmine RECs, residential and business customers have the option to match some or all of their electricity usage with RECs generated from solar, wind, hydropower, geothermal, and biomass resources located nationwide. Through Green-e® certification, customers can be assured that the RECs they receive through this product meet the highest standards for quality, are generated from new facilities, and are retired on their behalf to ensure sole ownership of the environmental benefits.
RECs are used to track the chain of custody of environmental attributes of renewable electricity generation and are integral to retail renewable electricity products. By offering its customers an option to reduce the impact of their electricity usage through RECs, Jasmine Energy is supporting the development of renewable resources to replace fossil fuels.
“Jasmine RECs are a flexible, proven way for companies of all sizes to reduce the impact of their electricity use,” said Matt Mayberry, Cofounder & COO of Jasmine Energy. “By purchasing the environmental benefits of renewable energy generation, Jasmine RECs customers are supporting the transition to clean energy nationwide.”
“Jasmine’s always-on marketplace provides the highest degree of liquidity for Green-e® RECs” said Nathalie Capati, CoFounder and CEO of Jasmine Energy. “Jasmine’s REC market helps renewable energy project developers improve their liquidity ratio and demonstrate good financial health, making it a worthwhile investment for lenders. With Jasmine, Green generators can convert RECs into cash within seconds to cover debt and improve their business.”
As part of its Green-e® Energy certification, the Jasmine RECs program will undergo an annual independent verification of its supply and sales, and a review of Jasmine Energy’s marketing practices to ensure accuracy and transparency. Renewable energy products certified by Green-e® Energy must also undergo an annual third-party audit to ensure they are not being double-sold and that customers receive the type and quantity of renewable energy they purchased through their participation in the program.
“Through this Green-e® Energy certification, Jasmine Energy is ensuring its products meet the highest standards for product quality and transparency,” said Jennifer Martin, executive director of Center for Resource Solutions, which administers the Green-e® Energy program. “Jasmine RECs are an industry-proven option for companies to reduce the environmental impact of their electricity use.”
Green-e® Energy is the global retail standard for high-quality renewable energy, and the largest and oldest independent, third-party certification for renewable energy in North America. It ensures that renewable energy delivered to customers of certified products is from new generation built to support the retail market and is not double-sold. Green-e® Energy verifies renewable energy supply and sales, and reviews marketing and sales channels for accuracy and transparency.
About Jasmine Energy
Jasmine is a decentralized market for climate assets that makes it easy to claim, trade, and redeem renewable energy certificates. Jasmine Energy is on a mission to accelerate the net-zero transition by building climate asset markets that are accessible and transparent for everyone. Learn more about Jasmine Energy at www.jasmine.energy.
About Green-e® Certification and Center for Resource Solutions
The Green-e® certification program is run by the nonprofit Center for Resource Solutions, and is the leading independent consumer protection program for the sale of renewable energy and greenhouse gas reductions in the retail market. CRS offers certification and verification services through Green-e® Energy, a renewable energy certification program; Green-e® Climate, a greenhouse gas emission reduction certification program; Green-e® Marketplace, a program that provides forward-thinking organizations a simple, internationally recognized logo they can use to communicate their renewable energy and climate commitment to their customers and stakeholders; and Green-e® Renewable Fuels, a biomethane certification program. To learn more about Green-e® certified products and programs, visit www.green-e.org.
