The “Book and Claim” methodology in the energy sector

“Book and Claim” is a traceability methodology suited for value chain where you cannot physically track your product because of its physical proprieties or where the implementation of product by product  model would be too expensive. In this model, the physical flow of products this is dissociated from the “product qualities” flow (e.g. origin location, CO2 impact, water usage).

A good example is electricity and renewable power. What ever you do, you are not able to track electrons. The same for "green electrons". What you can track, is what is produced on the grid and what is consumed. “Book and Claim” makes the link between both, without certifying the electricity you consumed was produced physically by a specific asset. This is the way Guarantee of Origin schemes work.

Benefits of “Book and Claim”

The "Book and Claim" methodology in the energy sector provides a flexible and accessible means for entities to support differentiated energy production and enhance their production processes without necessarily physically sourcing energy. It allows for incentivizing less impactful production practices for producers, while also providing organizations with a way to demonstrate their environmental commitment and compliance with sustainability goals.

Attributes & the “Book and Claim” methodology

Our Blockchain-based solution offers flexibility to suit any complex value chain where physical traceability is not possible. For the energy industry, producers can securely trace their energy volumes and ESG data while allowing consumers to visualize their sourcing impact. Moreover, thanks to Blockchain, no double counting is possible: consumers are sure to be the only ones to claim the energy qualities of the specific products they got.

Learn about other traceability models : Blog article - Template | Attributes