Energy Transition Databox

Introduction

The Energy Transition Databox has been developed by the engineering and technology partnership between Vysus Group and Siccar to help you address the increasing complexities associated with the quantification, reporting and management of greenhouse gas emissions.

Proposition

The Energy Transition Databox is offered as an enabled software technology service to clients in the energy sector, and hard to decarbonise industries which are challenged with:

• Ever tighter regulations and a license to operate;
• Demonstrating sustainable credentials to investors in order to access capital;
• Mitigating risk associated with climate change and impacts on insurance premiums;
• Maintaining reputation where perception can have a material effect on share price, access to market and investor confidence;
• Achieving incremental improvements to reduce carbon intensity from operations; and
• Driving step change emissions reduction via CCUS, hydrogen and trading of energy carrier molecules.

The Energy Transition Databox software technology enabled service is designed to help our clients make the transition from the reporting of  basic Scope 1 and 2 emissions to reporting on the more complex array of Scope 3 emissions, particularly for organisations and subsidiaries with majority control or majority ownership of operations across the entire lifecycle of a product, service or asset.

More broadly, it is intended that the Energy Transition Databox shall provide an assured and secure foundation for the trading of carbon associated with CCUS and hydrogen production and the verifiable reporting of emissions associated with traded commodities such as crude oil, LNG and biofuels.

Solution

The Energy Transition Databox from Vysus Group and SICCAR combines world-class engineering expertise and tamperproof technology to ensure the acquisition, reporting and analysis of data used by our clients to make key decisions and justifications is fully traceable, verifiable and secure.

• Our Databox technology builds on decades of engineering and environmental management consulting which includes the verification of GHG emissions regulated under the EU Emissions Trading Scheme (ETS), experience as EMS verifiers to the energy industry and as an AA1000 licensed Assurance Provider for ESG reports and disclosures.
• Plugging in Siccar’s distributed ledger technology enables you and approved third parties to feed in encrypted end-to-end emissions data as tamperproof transactions, creating a single source of truth and a verifiable chain of custody. Data can be shared safely, with enforced security by design.
• Importantly, we can offer our clients an end-to-end wrap around system covering data acquisition from sample / monitoring point, emission factors, conversion factors and equations through to reporting, analysis and optimisation.
• Where clients have a preferred ERP system, dashboard or AI solution, we can configure the Energy Transition Databox to support your data stack to ensure the data used in your reporting, modelling and optimisation is reliable, secure, and free of material error.