We calculate your vehicle’s total approximate energy usage from non-renewable sources.
Procure the required REC’s to ensure your vehicle’s energy usage is completely offset with renewable energy.
Your Ion Blue subscription now covers your relevant vehicle’s energy usage. Meaning you can travel cleaner and carefree.
For our Australian subscribers, our RECs are sourced from the Molong Renewable Energy Generator in regional NSW https://www.terrainsolar.com/molong. The Molong Generator is registered with the Clean Energy Regulator to create RECs which have been purchased from SIMEC Energy Australia who are a registered energy retailer with the Australian Energy Market Operator (AEMO).
Depending on your EV make and model, location and annual travel distance you are assigned an Ion Blue Plan from Ion1 to Ion10. If you consume around 2-megawatt hours* a year of grid electricity we will purchase 2 RECs from your region, surrender these on the local registry and you will be a subscriber of the Ion2 product.
As RECs only come in whole units where a megawatt-hour is equal to 1,000 KWh, anyone that consumes 1,001 to 2,000 KWh will be assigned to the Ion2 Plan. This means there may be some over the surrender of RECs, however, it is an important principle of carbon-neutral and renewable energy claims to ensure estimates are always conservative, or overestimate rather than underestimate.
The table below shows the cost (Australian subscribers), electricity consumption and RECs purchased for you under your plan:
Each REC has a unique serial number and is a highly regulated, verifiable and traceable environmental derivative. In Australia all the units we purchase are surrendered in the Clean Energy Regulator’s REC Registry. The Ion Blue account can be viewed here (link).
At the completion of each year we undertake an independent review to ensure all our aggregated Ion BLUE users’ grid consumption is matched by the equivalent number of RECs surrendered to the REC registry.
When your RECs are surrendered in the Ion Blue REC Registry Account that is when the environmental benefit of the certificate (which is equal to 1 megawatt of 100% renewable, carbon neutral energy) is realised. Via your subscription fee you pay for the RECs and you (and your EV) in turn have the rights to the environmental benefit that comes with it.
Similar to carbon credits, for a number of years and across jurisdictions surrendering RECs is a widely recognised means of ‘neutralising’ the use fossil fuel generated electricity. All major carbon and energy accounting frameworks recognise this approach, including the Australian Climate Active Program, RE100 and the Greenhouse Gas Protocol.
Our RECs in Australia are from the Molong Renewable Energy Generator in regional NSW https://www.terrainsolar.com/molong. The Molong Generator is registered with the Clean Energy Regulator to create RECs which have been purchased from SIMEC Energy Australia who are a registered energy retailer with the Australian Energy Market Operator (AEMO).
Renewable Energy Certificates (RECs) are the mechanism used around the globe to recognise the environmental benefit of renewable electricity vs fossil fuel generated electricity
RECs act as a subsidy to renewable energy generation and have been pivotal in the rapid increase of renewables in Australia and beyond over the last 10 years
Our product provides an additional demand market for RECs which historically have been supported by Government schemes such as Renewable Energy Target (RET).
In Australia, Federal Government support for renewables has essentially ceased as the 2020, 20% Target has been met, however a new, more ambitious target has not been set. This may see renewable energy investment stall without new demands streams for RECs.
The additional demand created from products like ours will help buoy REC prices, which in turn makes new renewable generation developments more viable.
Renewable energy projects create new jobs and revenues, particularly in regional areas, and have a strong and tangible environmental, social and economic benefit.
RECs represent a megawatt of clean electrical energy, whereas carbon offsets represent one tonne of carbon avoided or removed from the atmosphere (such as sequestration from tree plantings). EVs do not have direct emissions of carbon from the tail-pipe, however as they are usually powered mostly by grid electricity from coal and natural gas when you plug in at home or the shopping center or fast charger. When this happens they create what we call scope 2, or ‘indirect’ emissions – your car is essentially responsible for the coal/gas carbon missions at the generators powering the grid. Under the accepted carbon and renewable energy standards, RECs can and are used to ‘offset’ the scope 2 emissions associated with your EV. Carbon offsets can also be used, however in our vision of a sustainable transport future, we do not see planting trees so drivers of petrol vehicles can have a ‘guilt-free’ ride as the way forward. A truly sustainable transport future is a clean, renewable grid powering highly efficient and zero tail-pipe emission vehicles. For this reason, the clean renewable electricity represented by RECs is the perfect match to bring your EV to 100% renewable, carbon neutral motoring.