2024 Green-e® Verification Report (2023 Data) Webinar

Join Center for Resource Solutions staff for an in-depth review of the 2024 Green-e® Verification Report (2023 Data). This free webinar will cover how three Green-e® programs—Green-e® Energy, Green-e® Climate, and Green-e® Marketplace—performed throughout the year. The webinar will also look at trends in U.S. voluntary renewable energy markets, including generation trends, renewable energy certificate and green pricing programs, community choice programs, and direct corporate purchases. The presentation was followed by audience Q&A.

Transcript

1. 2024 Green-e® Verification Report 2023 Data Kiernan Hardiman SENIOR ANALYST, CERTIFICATION PROGRAMS
2. Nongovernmental Organization (NGO) creating policy and market solutions to advance sustainable energy since 1997. • Expert assistance • Renewable energy and climate policy • Renewable Energy Markets annual conference • Green-e® certification for suppliers and users of renewable energy and carbon offsets in the voluntary market Center for Resource Solutions 2 © 2022 CENTER FOR RESOURCE SOLUTIONS. ALL RIGHTS RESERVED.
3. Green-e® Energy VISUAL REPRESENTATION OF THE 2023 REPORTING YEAR PAGE 3 © 2022Center for Resource Solutions. All rig hts reserved.
4. Total Certified Sales of Renewable Energy by Product Type and Customer Type PAGE 4 © 2022 Center for Resource Solutions. All rights reserved.
5. Sales By Product Type, 1998 – 2023 (In MWH) PAGE 5 © 2022 Center for Resource Solutions. All rights reserved.
6. Sales By Customer Type, 1998 – 2023 (In MWH) PAGE 6 © 2022 Center for Resource Solutions. All rights reserved.
7. Customers by Product Type, 1998 – 2023 PAGE 7 © 2022 Center for Resource Solutions. All rights reserved.
8. States with Green-e® Energy Certified Renewable Electricity Options PAGE 8 © 2022 Center for Resource Solutions. All rights reserved.
9. Contributions of Renewable Resource Types PAGE 9 © 2022 Center for Resource Solutions. All rights reserved. Resource Type MWh Percentage Wind 101,485,589 78% Solar 21,355,252 19% Non-Gaseous Biomass 2,120,245 2% Low-Impact Hydro 762,111 .5% Gaseous Biomass 459,825 .5% Geothermal 9,646 .01%
10. Facilities Supplying Certified Sales by Resource Type PAGE 10 © 2021 Center for Resource Solutions. All rights reserved. Resource Type Unique Facilities Percentage Solar 745 58% Wind 458 38% Non-Gaseous Biomass 14 1% Gaseous Biomass 26 2% Low-Impact Hydro 10 1% Geothermal 1 0.07%
11. 11 Contribution of Non-wind Resource Types to Retail Sales
12. Megawatt-Hours by Facility Date of First Operation or Repowering PAGE 12 © 2022 Center for Resource Solutions. All rights reserved. • Approximately 40% of supply from facilities aged 5 years or younger
13. Capacity (MW) by Facility Date of First Operation or Repowering PAGE 13 © 2022 Center for Resource Solutions. All rights reserved. • Approximately 40% of overall capacity from facilities aged 5 years or younger
14. Count of Facilities by Year of First Operation or Repowering PAGE 14 © 2022 Center for Resource Solutions. All rights reserved. • 39% of facilities are 5 years or younger
15. PAGE 15 2023 followed the same general rule as previous years – consumption of certified electricity is highest in more populated states and states near a coast Top 10 States by Retail Sales Volume © 2022 Center for Resource Solutions. All rights reserved. State % of Total Sales TX 19% CA 13% WA 8% OH 5% OR 5% PA 4% NY 4% MN 3% CO 3% IL 3%
16. PAGE 16 The states with the highest amount of customers tend to be in states with successful utility green pricing programs, showing the stability that utility programs can offer. Percent of Total Retail Customers by State (Includes REC Sales) © 2022 Center for Resource Solutions. All rights reserved. State % of Customers OR 29% CA 10% WA 9% OH 9% CO 6% TX 5% UT 4% PA 4% NY 4% NJ 3%
17. PAGE 17 The difference between states with generators versus purchasers of renewable energy demonstrates how the market for unbundled RECs is allowing customers with limited access to local renewable energy products to support changes in generation portfolios in the US and Canada. Top Ten States and Provinces Supplying Certified Retail Sales © 2022 Center for Resource Solutions. All rights reserved. State/Province % of Total TX 40% OK 13% KS 8% QC 5% ND 4% FL 4% SD 2% CA 2% OR 2% WY 2%
18. PAGE 18 © 2022 Center for Resource Solutions. All rights reserved. Supply (Left) and Certified Sales (Right)
19. 2023 was the biggest year of certified sales to date. • More than 125 million retail MWh, or 3.2% of the total US retail electricity sales in 2023 • 11 million more retail MWh sold than in 2022 • 1.3 million retail purchasers of Green-e® certified renewable energy, including 298,000 businesses • 25% increase in Direct procurement • Continued increase of solar as a source of supply • Newer renewables (5 years old or less) continuing to drive the market Key Takeaways PAGE 19 © 2022 Center for Resource Solutions. All rights reserved.
20. CRS membership opportunity: Join a group that is addressing the question(s) you care about in the voluntary and regulatory markets • Topics to be covered in 2025: • Hourly Utility Product Design Options in the U.S. (Q1 2025 – Q3 2025) • Best Practices for Power Source and Emissions Disclosure (Q1 2025 – Q3 2025) • Secondary Transactions of Hourly Certificates (Q3 2025 – Q1 2026) • Advisory Committee Participation • New! Working Group Sponsorship Clean Energy Accounting Project (CEAP) PAGE 20 www.resource-solutions.org/ceap © 2024 Center for Resource Solutions. All rights reserved.
23. © 2022 Center for Resource Solutions. All rights reserved. Contact. Kiernan Hardiman Senior Analyst, CERTIFICATION PROGRAMS Kiernan.hardiman@resource-solutions.org 415.568.4290 www.resource-solutions.org