Energy Transition Databox

Introduction

The Energy Transition Databox has been developed by the engineering and technology partnership between Vysus Group and Siccar to help our clients address the increasing complexities associated with the acquisition, 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 who are challenged with:

• A requirement to establish an emissions reduction action plan (ERAP) and to reduce carbon intensity of products and services
• 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.

The Energy Transition Databox software technology enabled service is designed to help our clients make the transition from the use of clunky spreadsheets for the reporting of  basic Scope 1 and 2 emissions to a safe,  secure and automated environment for the reporting on a more complex array of Scope 3 emissions.

More broadly, the Databox platform has a clear application in related areas such as 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.