JPMorgan Chase and EDF have announced a collaboration to help power JPMorgan Chase’s UK offices with 100 percent renewable electricity. As part of this effort, JPMorgan Chase’s electricity consumption will be matched to renewable generation on a 24/7 basis.
Matching will take place on a half-hourly basis, through source-specific access to EDF’s 8 TWh of Power Purchase Agreement (PPA) portfolio. EDF will provide JPMorgan Chase with approximately 120,000 MWh of renewable electricity each year. The energy provided to JPMorgan Chase will be monitored utilising ClearTrace’s blockchain-based energy-tracking technology to ensure that the electricity consumed is matched digitally, in real-time, to renewable generation.
