Solving Clean Energy Complexity with Verse
Reposted from the MCJ Inevitable podcast Seyed Madaeni is the co-founder and CEO of Verse. Verse develops software that helps organizations understand, plan, and manage clean energy. Their platform simplifies the complex clean energy procurement process, enabling companies to meet their emissions goals in the most economical way possible. MCJ is proud to be a […]
Navigating the Risks of Virtual Power Purchase Agreements
Virtual power purchase agreements (vPPAs) are a common mechanism for large energy users to invest in clean power. These financial contracts allow companies to support renewable energy projects without directly owning or operating the physical assets (for a more detailed explanation, check out our vPPA explainer video). While vPPAs offer numerous benefits, they also come […]
What Is a Virtual Power Purchase Agreement?
If you’re at all involved in corporate clean energy or sustainability, you may have heard of a mechanism called a virtual power purchase agreement. But what does it entail? A virtual power purchase agreement (vPPA) is a financial contract between a renewable energy generator (the seller) and an organization or corporation (the buyer). The PPA […]
Verse Inc Secures $20.5 Million Series A Funding led by GV
The oversubscribed round will support Verse Inc software product development and commercial scale. San Francisco, May 22, 2024 – Verse Inc, whose software enables organizations to understand, plan, and manage clean energy, has raised a $20.5M Series A funding round. The investment, led by GV (Google Ventures) with participation from Coatue, CIV, and MCJ Collective, […]
Anthesis Group Uses Verse Data Hub for Smarter Emissions Forecasts
Anthesis Group is using Verse to help clients accurately plan their decarbonization and clean energy investment strategies. “Projected grid emissions” are the anticipated levels of emissions from electricity generation based on factors such as planned changes in the energy resource mix and policy initiatives. These grid emissions factors vary widely across the U.S. because not […]
Seyed Madaeni at CERAWeek: Accelerating Corporate Clean Energy Adoption
In March 2024, Verse CEO Seyed Madaeni participated in CERAWeek’s Innovation Agora, delivering an Agora Pod talk. Click the image below to watch the video, which provides an overview of Verse’s platform and how it’s accelerating corporate clean energy adoption by helping companies reduce electricity costs and carbon emissions at the same time.
Heirloom Carbon Technologies Portfolio Planning Case Study
In 2023, Heirloom Carbon Technologies (Heirloom) teamed up with Verse to plan its clean energy portfolio. Recent and pending regulatory and voluntary framework changes are driving companies to procure clean power in more granular ways (e.g., with time- and location-based matching requirements). And the increasing complexity of electricity markets and technologies like energy storage surpass […]
45V Green Hydrogen Tax Credit: What to Know
The U.S. Treasury Department has issued its long-anticipated guidanceon IRA 45V – the section of the Inflation Reduction act that deals with the green hydrogen tax credit. In the quest for a cleaner and sustainable energy future, green hydrogen has emerged as a promising solution. Hydrogen, when produced using emissions-free energy, becomes “green hydrogen” — a […]
Clean Power for Data Centers with Seyed Madaeni
In November 2023, Verse CEO Seyed Madaeni joined Gabriella Gillet-Perez at DatacenterDynamics’ DCD Connect Virginia conference. They discussed data centers’ use of clean power, why clean energy is a smart financial decision (not just a sustainability decision), and some of the challenges data center leaders face when trying to procure it. You can view the […]
Common Scope 2 Decarbonization Strategies
If you’re unfamiliar with scope 2 decarbonization strategies or need a quick refresher, check out this explainer video! It provides an overview (with examples) of three common strategies — 100% Renewable Energy (RE), Carbon-Matching (aka Emissionality), and 24/7 Carbon Free Energy (CFE). Decarbonization Strategy #1: 100% RE In this scenario, a company aims to match […]