Power and renewables

DNV GL successfully launches digital PPA Demand tool

PPA demand tool

Digital tool increases PPA market liquidity and transparency

ARNHEM, The Netherlands - 20 October 2020 - Today DNV GL announced the operational launch of its Instatrust™ Power Purchase Agreement (PPA) Demand tool with a large European telecom and technology provider, successfully sourcing 100 GWh.

The market Demand generated great levels of interest with more than 800 GWh of project volumes submitted in two weeks. In total 1,370 GWh of volume was added to the platform as a result of this PPA demand, potentially enabling the customer to meet its demand needs nearly 14 times over.

“Introducing an innovative digital way of meeting green power sourcing goals with a corporate buyer such as this telecom provider as a launching customer has been really amazing“ said Caroline Brun Ellefsen, Global Head of Instatrust™. “The size and complexity of this particular Demand have thoroughly tested our concept and we have many lessons learned that will help both buyers and sellers in accelerating the PPA process while managing their risks better”, she added.

The PPA Demand Tool brings more transparency and liquidity in the PPA market and delivers much more quick and efficient sourcing than traditional RFP processes. Additionally, it provides in-depth analytics to support navigation between PPA opportunities. This Demand took only 2-3 hours and gave a 91% PPA Matching score to preferences for four promising opportunities.

Instatrust™ provides an automated scoring of the projects submitted, based on DNV GL’s proprietary scoring methodology, which leverages extensive track-record and expertise in services such as due diligence. The scoring includes a matching element, project feasibility and seller’s profile score. Instatrust™ is also providing market insights and feedback to all sellers participating to increase the transparency of the PPA market.

Some PPA demand tool screenshots

20201022 Instatrust PPA demand tool welcome 770x348pxl

20201022 Instatrust PPA demand tool general info 296x350pxl20201022 Instatrust PPA demand tool project submissions 449x350pxl

About  DNV GL’s Instatrust™
Instatrust™ is DNV GL’s  Green Power Procurement platform. Instatrust ™ connects energy buyers and sellers of renewable energy. It allows buyers to compare, source, screen and manage the risks of green power procurement options, including corporate PPAs. Since its launch in June 2020, more than 35 companies across the world have signed up.

About DNV GL
DNV GL is the independent expert in risk management and quality assurance, operating in more than 100 countries. Through its broad experience and deep expertise DNV GL advances safety and sustainable performance, sets industry benchmarks, and inspires and invents solutions. Whether assessing a new ship design, optimizing the performance of a wind farm, analyzing sensor data from a gas pipeline or certifying a food company’s supply chain, DNV GL enables its customers and their stakeholders to make critical decisions with confidence. 

Driven by its purpose, to safeguard life, property, and the environment, DNV GL helps tackle the challenges and global transformations facing its customers and the world today and is a trusted voice for many of the world’s most successful and forward-thinking companies.

In the power and renewables industry
DNV GL delivers advisory, certification and testing services to stakeholders in the energy value chain. Our expertise spans energy markets and regulations, onshore and offshore wind and solar power generation, power transmission and distribution grids, energy storage and sustainable energy use. Our experts support customers around the globe in delivering a safe, reliable, efficient, and sustainable energy supply.

Learn more at www.dnvgl.com/power-renewables