APX is excited to announce the launch of the TIGRs Registry to support the issuance, tracking and retirement of Tradable Instruments for Global Renewables (TIGRs) on September 1, 2016. This will initially support TIGR issuances from projects in Singapore but expand to several additional countries shortly thereafter. Since the completion of the TIGR pilot project in Singapore earlier this year, there has been significant interest by companies and government agencies to see how TIGRs can support voluntary renewable energy and REC markets globally.
“There is incredibly positive support to expand TIGRs to additional countries,” said Lars Kvale, Head of Business Development at APX. Demand is coming from Fortune 500 firms with commitments to RE100 to ensure sustainability strategies are properly implemented, as well as local and regional power generators and energy buyers. APX is partnering with key clients to pilot TIGRs and work directly with local government agencies.
Katherine Graham, Head of Product Management at APX says, “Our vision is to streamline access to the voluntary renewable energy market with a standardized instrument, rigorous procedures and a single registry tracking system.” APX is ensuring the quality of TIGRs through the implementation of APX’s standard for validating renewable energy assets and verifying all generation production details. This standard originated and follows the processes developed in the US REC markets utilized for more than 10 years and currently referenced in the CDP Reporting Guidance. TIGRs and the Registry will meet all Scope 2 Quality Criteria for contractual instruments as outlined in the GHG Protocol Scope 2 Guidance developed by the World Resources Institute and World Business Council for Sustainable Development.
Stay tuned for upcoming announcements regarding our expanded website, Webinars and new countries where TIGRs will be available.
Visit http://tigrs.apx.com to get on our mailing list and call +1 (408) 517-2100 to explore how APX can support you with TIGRs.
About APX Inc.
For nearly 20 years, APX has been the trusted infrastructure and services provider to the power and environmental markets. APX’s experience intersects every aspect of the renewable energy and voluntary carbon markets. We operate over 13 renewable and carbon registries worldwide. More than 2,000 companies globally rely on APX products and services for integrity in environmental markets with more than 1 billion credits transacted.