SAN FRANCISCO, CA (May 18, 2006)-- The
Green-e Program of the Center for Resource Solutions announced today
that Element Markets, LLC has been approved to transact Green-e®
certified Renewable Energy Certificates (RECs).
Founded in 2004, Element Markets operates as an asset
manager and works with clients that range from developers to utilities
to end-use customers who need to understand REC markets. Element Markets
helps them understand the market and achieve value for the RECs they
have or procure the RECs they need. Element Markets offers solutions
to businesses looking to mitigate the impacts of their business practices
with emissions credits and renewable energy certificates. This ensures
that environmental assets, liabilities, and trading strategies are managed
at their optimum commercial level over a long-term basis.
"Element Markets helps companies reduce their
environmental impact through participation in the voluntary market for
renewable energy certificates," said Lars Kvale, Green-e Representative
for Texas. "We are excited to welcome them into the program and
look forward to their continued success in advancing the development
of renewable energy in the United States."
Through participation in the Green-e program, Element
Markets may source and package their RECs for Green-e certification.
The agreement will enable Element Markets to offer Green-e certified
renewable certificates on a national basis through their REC option,
available to business customers who voluntarily want to reduce their
environmental impact by purchasing RECs.
Eligible generators who transact through Element
Markets will be able to sell their renewable certificates in the market
as Green-e products, thereby enhancing the value of the certificates
and expanding the markets available to them.
“We are glad to join Green-e,” said Randy
Lack, Managing Partner for Element Markets, LLC. “We recognize
that Green-e has been a leader in establishing standards in the REC
industry. We feel that our ability to offer Green-e® certified RECs
will add a tremendous amount of value for our clients.”
Green-e is the leading renewable energy certification and verification
program in the U.S. The program provides independent, third party certification
to ensure certified renewable energy meets strict environmental and
consumer protection standards. Green-e’s verification protects
customers from paying for renewable energy that is “double sold”
to other customers or used simultaneously to meet regulatory mandates.
Through the display and recognition of the Green-e
logo, the national symbol for renewable energy excellence, a growing
number of consumers are able to easily identify high quality, certified
renewable energy options, as well as everyday consumer products that
are “Made with Certified Renewable Energy.”
Providers of Green-e certified renewable energy agree
to abide by the Green-e Code of Conduct, and meet Green-e disclosure
and truth-in-advertising requirements. All Green-e marketers undergo
an annual verification audit to document that the company purchased
or generated enough quantity and type of renewable energy to meet customer
demand and marketing claims. Over 100 marketers and utilities throughout
North America now offer Green-e certified renewable energy products.
Collectively these suppliers sold 3.5 million MWh of Green-e certified
renewable energy in 2004.
About
Element Markets
Element Markets LLC was founded in 2004 by several
partners with backgrounds as senior managers in sectors ranging from
power and gas to emissions/renewable brokerage and grain trading. Their
mission is to become the foremost authority in the arenas of emissions
and renewable energy markets and technologies within the United States
and to ensure that environmental assets, liabilities, and trading strategies
are managed at their optimum commercial level over a long-term basis.
Their clients range from municipalities to Fortune 100 companies. They
provide companies with premium customized solutions to meet their emissions,
renewable, or technology needs. More information is available on the
web at: www.elementmarkets.com.
About Green-e and
the
Center for Resource Solutions
Launched in 1997, The Green-e Renewable Energy
Certification Program is the leading voluntary certification and verification
program that sets standards for renewable electricity-based products
in three markets for renewable energy: restructured, regulated, and
tradable renewable certificates. To learn more about certified renewable
energy available throughout North America, visit: www.green-e.org,
or call 1-888-63-GREEN. The
Spring Edition of the Green-e News can be found here.
Green-e is a program of the Center for Resource
Solutions (CRS), a national nonprofit organization that makes it easier
for people and organizations to use renewable energy. CRS designs and
operates national and international programs that support the increased
supply and use of renewable energy resources such as wind, solar, biomass,
geothermal and low-impact hydroelectric power. To learn more about CRS,
visit: www.resource-solutions.org.
###