Reduce Carbon Footprint

Source Renewable Energy & Fuel

 

Today, renewable energy sources are part of the mainstream commodity mix, and are increasingly as good for the environment as they are for your bottom line, but which are right for you?

Onsite solar generation? Renewable Energy Certificates? Renewable gas? Biofuels? 

World Kinect Energy Services has the expertise and the tools to help you decide the right path for your operations regardless of how simple or complex they may be. 

Why Choose Us?

You can’t control what kind of electricity you are buying from the shared grid, but you can showcase your carbon reduction efforts by making a tangible investment into your own onsite solar or wind energy generation, finance offsite renewable electricity projects, or purchase renewable (vs regular) diesel. All our physical and certificate products follow the highest international standards, so you can 
walk your “sustainability talk”.
 

No greenwashing

You can’t control what kind of electricity you are buying from the shared grid, but you can showcase your carbon reduction efforts by making a tangible investment into your own onsite solar or wind energy generation, finance offsite renewable electricity projects, or purchase renewable (vs regular) diesel. All our physical and certificate products follow the highest international standards, so you can 
walk your “sustainability talk”.
 
World Kinect provides a 360° analysis across the renewable energy landscape to ensure your energy sourcing plan is economically and environmentally viable, including insights on green project and technology options, energy flexibility, regulations, and investment cost modeling. And when it comes to renewable certificates, we can source, issue, and cancel the certificates on your behalf.

End-to-end solution

World Kinect provides a 360° analysis across the renewable energy landscape to ensure your energy sourcing plan is economically and environmentally viable, including insights on green project and technology options, energy flexibility, regulations, and investment cost modeling. And when it comes to renewable certificates, we can source, issue, and cancel the certificates on your behalf.
With solar now often cheaper than a conventional generation and wind turbines becoming larger and more efficient over time, you can reduce your energy costs by generating your own energy vs. buying off the grid. Plus, as pricing variance among project developers can be stark, we ensure you get the most competitive deal.
 

Cost savings

With solar now often cheaper than a conventional generation and wind turbines becoming larger and more efficient over time, you can reduce your energy costs by generating your own energy vs. buying off the grid. Plus, as pricing variance among project developers can be stark, we ensure you get the most competitive deal.
 
Simplify your procurement strategy with World Kinect, as we can simultaneously customize a low-carbon energy sourcing plan tailored to your financial and sustainability goals, and source renewable power, fuel, and electricity or biogas certificates from our vast network of global suppliers.

Procurement efficiencies

Simplify your procurement strategy with World Kinect, as we can simultaneously customize a low-carbon energy sourcing plan tailored to your financial and sustainability goals, and source renewable power, fuel, and electricity or biogas certificates from our vast network of global suppliers.

How We Do It. Renewable Energy & Fuel Options

Step 3
Renewable Energy Strategy

Powering your business with renewable energy can be a good business decision, but it is critical that you understand the wide range of factors, options, and contractual instruments it involves. If your business is considering renewable energy, World Kinect helps you kick off the conversation and your internal stakeholder alignment with our Renewable Energy Strategy Assessment – a structured approach for evaluating how you can increase the use of renewable energy everywhere your business has operations.
 

Step 3
Renewable Fuel

Many organizations with fleet are looking to switch to lower-emitting alternative fuels, but not every green fuel is a perfect fit for every application. World Kinect can help you identify the best alternative fuel and assist you in developing a renewable fuel procurement strategy. Together we determine the best renewable and biodiesel options available at your locations, best suitable to your equipment specifications, as well as budgetary and carbon goals. We will help source and deliver the fuel, run tests for equipment compatibility, and calculate the mitigated carbon emissions.

Step 3 _Slide
Renewable Electricity & Certificates

When you buy energy from the grid, there is often no way to know the exact energy source of your consumed electricity and gas. Thus, World Kinect can help you source or generate your own renewable energy. Or when cost-effective sourcing or generating options are not available, we can still help to mitigate your carbon emissions through renewable energy certificates – credits sold by solar, wind,  and biogas projects, generating green power or gas on your behalf, enabling you to reduce or eliminate your Scope 2 emissions. We source, purchase, and cancel the certificates, delivering an end-to-end solution.  
 

How It Works. Renewable Energy Strategy & Workshops

If your organization is considering sourcing renewable energy to achieve carbon reduction targets, World Kinect's Renewable Energy Strategy Assessment could help ensure you are making the best decision possible. Especially beneficial for complex multi-site and global operations, our approach addresses your options based on the markets in which you operate. From there, we will make recommendations on the most strategic ways to execute procurement for each facility and region. 

Baseline & Market Analysis

    We start by preparing:

    1. Evaluation of your energy footprint across all sites to establish a baseline and current state of energy purchasing
    2. Energy market overview, including political, incentive,  and regulatory analysis
    3. Assessment of renewable energy sourcing options, availability, and cost implications by market, including the potential of onsite solar installations 
    Baseline & Market Analysis

      Strategy & Financial Calculations

          Next, we deliver:

          1. Detailed roadmap and strategy of how you can increase/ achieve 100% renewable electricity procurement 
          2. RE100 and CDP-compatible recommendations
          3. Timeline for delivery of each option, by technology and per geography
          4. Aggregated financial assessment of the chosen scenario for the next 10-15 years
          Baseline & Market Analysis

            Workshops & Continuous Support

             

            Finally, World Kinect provides:

            1. Help with building consensus among your key internal stakeholders
            2. 3-5 workshops on each procurement option, key findings, and final recommendations
            3. Review your potential marketing claims and PR messaging strategies to help promote your progress
            4. Support with the next steps and implementation of the chosen path
            Baseline & Market Analysis

              How it Works. Source Renewable Fuel

              Switching to renewable diesel is complicated - supply chain challenges and fuel quality challenges are all too common. Our customers require assurance that the product they purchase comes from a sustainable source and that it does not damage their equipment.

              Whether it’s Biodiesel & Biogasoline, or Renewable Diesel & Renewable Gasoline, World Kinect will develop a fuel solution to address your low-carbon goals that take commercial realities into account. We will also validate fuel quality and test engine compatibility to ensure your equipment functions as intended.

              Biodiesel

              Engine and infrastructure compatibility Cannot be used as a straight replacement for conventional petroleum diesel & requires blending with petroleum diesel

              GHG emission reduction over fossil diesel

              Up to 75% with B20 (20% biodiesel and 80% fossil diesel blend)
              Other benefits Has higher lubricity than regular diesel, which reduces engine wear. The less capital-intensive production process results in a lower price point
              Drawbacks The quality of traditional biodiesel varies according to the raw materials used
              Made from     Primarily oily plants, such as  soybean or oil palm, and to a lesser extent greases (waste cooking fat)  
              Other names      Traditional biofuel, first-generation biofuel
              Common types Fatty Acid Methyl Ester (FAME), Biodiesel (B99), Biodiesel/ULSD Blend (B5, B10, B20)

              Method to achieve net-zero emissions          from your fuel consumption

              Offset remaining GHG emissions with World Kinect's Carbon Offset certificates.

               

              Renewable Diesel

              Engine and infrastructure compatibility Chemically similar to regular diesel and nearly identical in its performance characteristics. Could be used blended or as a straight drop-in replacement to fossil diesel. Unlike biodiesel, can be transported in existing pipelines and stored in existing diesel tanks and engines

              GHG emission reduction over fossil diesel

              Renewable fuel can reduce GHG emissions up to 90%
              Other benefits Better cold-weather handling properties. Aids in the self-ignition of fuel and allows for easier starting, smoother running engines & reliable operation
              Drawbacks Commercial-scale production is limited, which affects the price, but many new plants are under construction worldwide
              Made from     Various biomass sources, such as vegetable oils, animal fats, algae, crop residues, and woody biomass  
              Other names      Green diesel, advanced biofuel, second-generation biofuel
              Common types Hydrotreated Vegetable Oil (HVO), R80, R95, R99. 
              Most engine manufacturers warrant up to a B20 blend (80% ULSD/20% B99). R99 as a drop-in replacement to petroleum diesel can be used neat or blended with 5-20% biodiesel

              Method to achieve net-zero emissions         from your fuel consumption

              Offset remaining GHG emissions with World Kinect's Carbon Offset certificates.

               

              Install your own solar energy system

                Install your own solar energy system
               
              • You generate your own renewable power 
              • Onsite or Offsite

                Our services
              • Feasibility study, high-level site assessment for solar PV and other renewables                        
              • Preliminary layout designs and production estimates
              • Financial and energy modeling of onsite renewable systems
              • Procurement tender to find suitable developer or funder
              • Full project development services through the client-representative model
              • Help with selling and monetizing your green power/  green gas and relative green certificates, managing contracts, logistics, compliance and tax benefit realization
              • Support in disclosing your Scope 1 and 2 footprints.

              +

              Fixed electricity cost for the life of the project. Once the project is fully financed, power generation is virtually free. Visible commitment to renewable energy.

              -

              You operate and maintain the system. The upfront capital expense for 100% of the system’s cost. Onsite scalability could be limited.

               

              Enter into a Power Purchase Agreement

                Install your own solar energy system
               
              • You offtake renewable power directly from 3rd-party generator and/or collect renewable energy certificates 
              • Onsite or Offsite
                Our services
              • Initial site qualification, layout, and design           
              • Project identification and analysis to meet your objectives                                                      
              • Locating financing agreement options, such as PPA (onsite) or VPPA (offsite)
              • Competitive bidding or RFP process
              • Bid analysis and developer recommendation
              • Contract negotiation
              • Development oversight through system commercial operation
              • Support in disclosing your Scope 1 and 2 footprints.

              +

              No OpEx or CapEx requirements. Join larger projects with economies of scale.

              -

              Long execution timelines and long-term contractual commitment. Electricity price is dependent on contract terms.  PPAs could be difficult to implement in regulated markets. Onsite scalability could be limited.

               

              Source Renewable Energy Certificates (RECs)

                Install your own solar energy system
               
              • Use green energy generated by projects owned or contracted by 3rd-party suppliers or your utility, backed by a certificate
              • Offsite
                Our services
              • Sourcing, purchasing, and canceling certificates on your behalf
              • Advisory on the best fit among all available options, in deregulated markets, such as international or local 3rd-party green electricity projects or local utility programs (such as Green Pricing, Green Tariffs, Community Programs, Supplier Procurement, and Community Choice Aggregation)
              • Access to our TrackMyElectricity.com platform featuring our global green energy-generating partners
              • Issuance of confirmation certification verifying your green energy consumption 
              • Support in disclosing your Scope 1 and 2 footprints.

              +

              Simplified procurement. Quick to execute (<1 month).

              -

              Project options and costs are limited to the supplier’s or utility’s renewable portfolio. Certificates from utilities are often available only to large customers.

               

              How It Works. Source Renewable Energy Certificates

              When your own onsite or offsite renewable power generation is not viable, or cost-effective, or there are simply site space constraints, you might choose to buy power produced by 3rd-party renewable generation projects. In addition to physical power, these projects also produce green attributes or Renewable Energy Certificates (RECs), aka Energy Attribute Certificates (EACs), Guarantees of Origin (GOs), Renewable Energy Guarantees of Origin (REGO), International Renewable Energy Certificates (i-RECs), and other certificates that vary by country.

              RECs are electronically tradeable, trackable, environmental commodity instruments that certify the bearer owns electricity generated from a renewable energy resource. RECs are an effective and recognized way of reaching emission targets. You can think of RECs as the mirror image of a carbon tax; rather than putting a negative value on carbon emissions, RECs put a positive value on clean generation. 

              Practical Example

              Say you are a manufacturing company that buys 1K MWh a year from your local utility that mostly uses coal and natural gas as feedstock. If you also buy 1K RECs, you can officially claim to be "powered by 100% clean electricity” because you effectively purchased the amount of “greenness” equal to your electricity consumption.
               
              scope 2

               

              Main Benefits of RECs

              • An economical option
              • Fast access to renewable power claims (< 2 weeks), instead of (or while waiting for) implementation of your own renewable projects
              • World Kinect's RECs come only from authentic and independently-verified projects
              • Customizable as you can choose from our portfolio of global projects

               

              Main Drawbacks

              • Less tangible way of showcasing your green power investment (vs. onsite solar for example)
              • Prices vary greatly by location
              • Represent a cost and will never provide savings or a revenue stream

               

              Regional Schemes

              Many regions have their own REC scheme. If you have a global footprint, you might need to buy a whole portfolio of RECs, GOs, REGOs, and I-RECs for every geography where you operate. 

              Leveraging our direct partnerships with renewable generators in numerous countries and from our REC portfolio of VPPA renewable energy projects, World Kinect can help with the following certifications worldwide:

              • Guarantees of Origin (GOs) in Europe

              • Green Energy Certificates (GECs) in Japan

              • Large-Scale Generation Certificates (LGCs) in Australia

              • Renewable Energy Certificates (RECs) in USA and Canada

              • International RECs (I-RECs) in many parts of the world

              • Tradable Instruments for Global Renewables (TIGRs) in many parts of the world.

              • Renewable Guarantees of Origin (REGO in the UK)

              We are the end-to-end provider of RECs -  sourcing, issuing, and canceling them at the end of their useful life cycle.

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              How can we help you?

              Get in touch with us.