- Alphabet and Google Chief Financial Officer Ruth Porat Calls on Global 
Community to Join Compact in Address to United Nations General Assembly

Leading energy buyers, suppliers, solutions providers and governments announced 
today the formal launch of the 24/7 Carbon-free Energy Compact in partnership 
with Sustainable Energy for All and the UN Energy. The Compact represents a new 
global effort to accelerate the transition to a carbon-free electricity sector 
to mitigate the worst impacts of climate change. SEforALL and Google made the 
announcement today during the United Nations High level Dialogue on Energy in 
New York. In addition to Google, founding signatories of the Compact include 
The AES Corporation, Orsted, EDP, the city of Des Moines, Iowa, the government 
of Iceland, and others.

A carbon-free electricity sector is the foundation for creating a net-zero 
emissions global economy. Electricity generates 25% of the world's greenhouse 
gas emissions, and is key to decarbonizing other sectors of the economy, 
including buildings, transport, and industry. Meeting this challenge will 
require a rapid acceleration in the pace of clean energy deployment, the 
development of advanced carbon-free energy technologies, and significant policy 
changes.

SEforALL and Google are calling on companies, governments, and other 
stakeholders to join the Compact in the lead up to November's COP26 Conference 
in Glasgow and commit to advancing policies, procurement practices, tools, and 
data that are critical to fully decarbonizing the world's electricity systems. 
The Compact lays out a set of principles and actions that actors can take to 
adopt, enable, and advance 24/7 Carbon-free Energy, focusing on hourly 
decarbonization of local and regional electricity grids.

"The world is at a crossroads. We can either continue with business as usual or 
embrace change that leads to a more sustainable and equitable future. This 
starts with making the important link between energy and climate. The Energy 
Compacts that have been put forward as part of this historic UN High-Level 
Dialogue on Energy have resulted in ambitious commitments and actions that will 
help address energy poverty while working towards decarbonization. The 24/7 
Carbon-Free Energy Compact represents a critical partnership across business, 
countries, cities and others that will propel us closer to our 2030 Global 
Energy Goals," said SEforALL CEO & Special Representative to the UN 
Secretary-General Damilola Ogunbiyi.

"Tackling climate change requires government and business to work together with 
urgency and focus. The Compact is the first collective action group to bring 
together companies, national and local governments, and other stakeholders to 
drive innovation and investment in 24/7 carbon-free electricity grids, and we 
are hopeful that it will facilitate significant progress. Time is not on our 
side-- we need to act now-- and we look forward to others joining with Google 
in our efforts," said Google CFO Ruth Porat. 

Founding signatories of the Compact include: 8 Rivers Capital, The AES 
Corporation, ClearTrace, the city of Des Moines, Iowa, EDP, Energy Tag, Fervo 
Energy, FlexiDAO, Google, the government of Iceland, Iron Mountain, the city of 
Ithaca, New York, LevelTen Energy, M-RETS, Orsted, Power Ledger, Statkraft, 
Tomorrow, and X. Signatories of the Compact commit to advance the procurement 
practices, market mechanisms, policies, technologies, and energy data 
transparency needed to enable the rapid and cost-effective achievement of 24/7 
carbon-free energy for all. 

"As a developer of cutting-edge clean energy solutions, 8 Rivers is excited to 
work with Google and the world-class partners in this Compact to accelerate the 
global energy transition to a 24/7 carbon-free power system, so anyone can 
access reliable clean electricity any hour of the day," said 8 Rivers Capital 
Chief Executive Officer Cam Hosie.

"Taking action against climate change is the most important and urgent issue 
facing us today, and AES is proud to join the 24/7 Carbon-free Energy Compact. 
Together, we're co-creating new solutions, such as the first-of-its-kind 
agreement to supply 24/7 carbon-free energy to Google's data centers in 
Virginia, that will accelerate a smarter, greener energy future," said AES 
President and Chief Executive Officer Andrés Gluski.

"As we strive for a net zero future, it's clear that corporations — who are 
among the largest energy consumers — need solutions to help them accurately 
manage and track power-related emissions. We are proud to support and enable 
the transition to a carbon-free energy future," said ClearTrace Chief Executive 
Officer Lincoln Payton.

"I want to commend and thank the many global partners who join me in supporting 
the transformation of electric grids to 'absolute zero' - or full 
decarbonization - by adopting, enabling, and advancing the 24/7 CFE Compact 
Statement. Our commitment as a City to decarbonized energy systems supports a 
future for clean energy and ensures that all residents have access to 
affordable, reliable and sustainable energy," said Mayor of Des Moines, Iowa, 
Frank Cownie.

"EDP is thrilled to join the Global Compact for 24/7 Carbon-Free Energy. We are 
proud to be at the forefront of the development of new technologies to 
accelerate the decarbonization of electricity systems and promote the 
globalization of access to clean energy," said EDP Chief Executive Officer 
Miguel Stilwell Andrade.

"24/7 carbon-free energy is a critical development in energy procurement 
practices and EnergyTag is delighted to be a signatory of this Compact. 
EnergyTag is an industry-led, non-profit initiative to define and build a 
market for granular energy certificates, which enable consumers to verify the 
source of their electricity consumption on an hourly basis and harness consumer 
demand for 24/7 carbon-free energy to drive investments," said EnergyTag 
Founder Dr. Toby Ferenczi. 

"24/7 carbon-free energy is the next step in advancing progress to address 
climate change. Fervo Energy is excited to sign on to this important effort and 
to continue driving forward geothermal innovations to create a truly carbon 
free grid," said Fervo Energy Chief Executive Officer Tim Latimer. 

"At FlexiDAO, we provide software solutions and advisory to help companies 
achieve their net-zero goals and become true leaders of the energy transition. 
For this reason, we are extremely excited to partner with Google and to join 
the 24/7 Carbon-free Energy Compact," said FlexiDAO Chief Executive Officer 
Simone Accornero.

"Iron Mountain recognizes both the urgent need to decarbonize our energy grid 
and the opportunity we have as an energy buyer to make a meaningful impact. We 
support the ultimate ambition of meeting each kilowatt needed every hour with 
generation from a local carbon free source and have made this a cornerstone of 
how we buy and consume power," said Iron Mountain Director of Energy and 
Sustainability Chris Pennington.

"Carbon free electricity is essential to achieve full decarbonization. By 
joining the 24/7 Carbon-free Energy Compact, the City of Ithaca, N.Y., 
reiterates its commitment to expanding access to carbon free electricity as a 
pathway to a clean energy future," said Director of Sustainability for the City 
of Ithaca, New York, Dr. Luis Aguirre-Torres.

"Matching every kilowatt-hour of electricity consumption with carbon-free 
electricity sources requires a transformative approach to energy procurement, 
and LevelTen is committed to building the software solutions required to give 
more organizations this opportunity. Together, with our network of energy and 
sustainability advisors, we look forward to helping more energy buyers achieve 
their 24/7 carbon-free goals," said LevelTen Energy Chief Executive Officer 
Bryce Smith. 

"M-RETS is excited to participate in this initiative as the first registry to 
support an hourly REC claim in partnership with Google. This initiative is an 
important step in facilitating a data driven renewable energy market," said 
M-RETS President and Chief Executive Officer Ben Gerber. 

"Ørsted's vision is to create a world running entirely on green energy, and 
this includes meeting demand every hour of every day. We already know the 
solutions to get a long part of the way towards 24/7 renewable energy and we're 
committed to facilitating the last difficult stretch of the journey together 
with our partners," said Ørsted Senior Vice President - Region Continental 
Europe Rasmus Errboe. 

"The movement to 24/7 renewables with hourly matching through PPAs and RECs is 
the best solution to scale renewable energy because it puts a price signal on 
when and where power is needed and supports an energy system that is stable, 
low cost and low carbon. The Powerledger platform can stamp the time and 
location data from clean energy production onto renewable energy certificates 
and other commodities, enabling energy retailers like eKwateur and RE100 
companies on registries like M-RETS to seamlessly trade, match and manage their 
portfolios on an hourly basis," said Powerledger Chairman & Co-Founder Dr. 
Jemma Green.

"With the increased penetration of renewable energy on the grid, it becomes 
even more crucial to measure emissions at a high resolution. At electricityMap 
we're very excited to see this initiative come to fruition, and we hope that it 
will help bring the measurement of emissions closer to the physical reality," 
said Founder and CEO of Tomorrow Olivier Corradi.

"We are proud to join this crucial Compact. At X, we recognize that the 
complexity of decarbonising the grid in the time required to tackle climate 
change requires commitment and collaboration of governments and businesses 
throughout the value chain and across the world to the actions necessary to 
design and operate a decarbonized power grid. Our moonshot is to work with 
partners to develop and apply advanced computing to support the design and 
operation of a decarbonized, affordable, reliable and resilient power system," 
said X Vice President Audrey Zibelman.

Each signatory will capture their specific commitments in their own Energy 
Compact, an innovation introduced by SEforALL and backed by UN-Energy as a key 
outcome of the UN High-level Dialogue on Energy. The Energy Compacts are public 
and trackable commitments, with specific actions, made by governments, 
companies and others to achieve energy transition goals by 2030 – including 
universal access to affordable and clean energy. For more on the Energy 
Compacts registry, visit https://www.un.org/en/energycompacts/page/registry.

For more on the 24/7 Carbon-Free Energy Compact, visit 
https://www.un.org/en/energy-compacts/page/compact-247-carbon-free-energy. 
Stakeholders across the energy ecosystem are invited to sign on to the 24/7 
Carbon-free Energy Compact, and can do so by contacting Sustainable Energy for 
All at energycompact@seforall.org.

NOTES TO EDITORS

About Sustainable Energy for All

Sustainable Energy for All (SEforALL) [http://www.seforall.org] is an 
international organization that works in partnership with the United Nations 
and leaders in government, the private sector, financial institutions, civil 
society and philanthropies to drive faster action towards the achievement of 
Sustainable Development Goal 7 (SDG7) – access to affordable, reliable, 
sustainable and modern energy for all by 2030 – in line with the Paris 
Agreement on climate. SEforALL works to ensure a clean energy transition that 
leaves no one behind and brings new opportunities for everyone to fulfill their 
potential.

SEforALL is led by Damilola Ogunbiyi, CEO and Special Representative of the UN 
Secretary-General for Sustainable Energy for All and Co-Chair of UN-Energy. 
Follow her on Twitter @DamilolaSDG7 [http://twitter.com/DamilolaSDG7]. For more 
information, follow @SEforALLorg [http://twitter.com/SEforALLorg].

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For further details on the reports or any interview requests, please contact:
Sherry Kennedy 
Sustainable Energy for All 
sherry.kennedy@seforall.org 
media@seforall.org 
+43 676 846 727 237

Source: SEforALL