Verse

Goodbye daylight savings 🌅 , hello PPA invoice errors! 💵 Did you know that incorrectly implemented DST timestamps frequently result in off-takers being over-billed by over $100k/month? Do you have processes in place to check for this and other common over-billing errors in your PPA invoices? Join Verse co-founder Matt Penfold for a webinar this Thursday on Verse's Portfolio Insights App, a better tool for forecasting and managing your global PPA portfolio. "Power Play: Catch Invoice Errors & Stop Overpaying for Your PPA" Thursday, November 7, 2:00pm EST / 11:00am PST Register here: https://bit.ly/4feA66e The webinar will provide an overview of Portfolio Insights' features, including: • Unified invoice validation process for your global PPA portfolio (US, EU, AUS, etc.) • Advanced back-cast models for wind/solar generation (allows you to assess seller performance on mechanical availability) • Power market forecasts, updated monthly (keeps your forecast in line with the latest market conditions/futures) • Seamless integration with other apps in Verse’s enterprise energy management platform (e.g. Planning, Risk Management, etc.) • Verse’s efficient, SaaS-centric model (allows us to charge a low subscription fee for powerful tools)

Conferences like #VERGE24 (co-located with Clean Energy Buyers Association (CEBA)'s fall summit) that showcase interest and innovation in the clean energy sector are always incredibly energizing! Verse co-founder and CCO Matt Penfold had a great time speaking on yesterday's "Fundamentals of energy markets in the US and getting started on your decarbonization journey" session with Lydia Byrd of Walmart, among others. Speakers noted that 90% of energy transactions are happening in deregulated markets, with 80% of renewable capacity installed in the last two decades happening in wholesale power markets. One of Matt's takeaways for attendees was to observe that "the most valuable electron is the one you don't use." Start your decarbonization journey by understanding your existing energy footprint and looking holistically at solutions to reduce it. Looking forward to continuing the conversation! #sustainability #energy #renewables

We are thrilled to announce that we've partnered with Arcadia to transform how organizations reduce, forecast, and report on their energy costs and consumption. Verse’s Utility Bill Management app now integrates with Arcadia’s utility data platform, unlocking global data access for unparalleled visibility into corporate energy use and costs. By eliminating fragmented manual data entry in spreadsheets, Verse and Arcadia support data-driven decisions that can reduce costs, enable more accurate budgeting, and streamline sustainability reporting. Chat with us at #VERGE24 this week or get in touch at info@verse.inc for a free trial! https://lnkd.in/g7K7yZQB #sustainability #energy #software

We're getting excited about VERGE 24/CEBA Connect next week in San Jose! Verse co-founder and CCO Matt Penfold will be speaking on one of CEBA's key events, “Fundamentals of Energy Markets in the US and Getting Started on Your Decarbonization Journey," on Tuesday morning. Learn about the U.S. electricity market and explore decarbonization strategies. You can also catch Matt and Verse VP of Strategy Shehzad Wadalawala leading a CEBA Conversation Topic called "Sustainability & Finance: Let's Be Friends!" on Thursday morning. Several other Verse team members will be in attendance -- swing by one of the above sessions or message us to connect at the conference! #CEBA #VERGE24 #EnergyTransition

Time basis risk occurs when the market used to settle a vPPA (for instance, the real-time market) differs from the market used to settle a company’s load (for instance, the day-ahead market). This timing difference can erode the hedging effectiveness of the vPPA and introduce financial volatility for the energy portfolio. Verse helps companies make informed, data-driven choices about vPPA cost and risk allocation. Contact us for a demo of our Risk Management app, at info@verse.inc. https://lnkd.in/gkj2n7TJ #risk #vPPA #sustainability #energy

Many companies are finding that PPAs can't support decarbonization efforts AND reduce energy costs. So they're turning to marginal abatement cost curves to get a holistic picture of possible decarbonization pathways. Our latest blog, by VP of strategy Shehzad Wadalawala, provides an overview of how abatement curves work and how companies use them to plan and evaluate carbon reduction measures. Check it out here: https://lnkd.in/gQp52q6t #carbon #emissions #sustainability #decarbonization

We're excited to introduce our newest team member, "Leo" Boyuan Zeng! Leo joins Verse's Data Science team as a Quantitative Analyst. He'll be conducting quantitative data analysis to help optimize energy strategies and provide actionable insights for our customers. Outside of work, Leo enjoys going to great restaurants, playing video games, hiking, and traveling. Welcome to Verse, Leo!

Please help us welcome Abhishek Malik to Verse! Abishek joins us as a Senior Software Engineer, and will be working on enhancing the efficiency and scalability of Verse's cloud-native architecture, supporting development teams, and collaborating on data pipeline solutions. When he's not working, Abhishek enjoys traveling and and staying engaged with the latest in gaming and tech. Great to have you on the team, Abhishek!

We had a wonderful time at the Renewable Thermal Collaborative Summit in DC this week! It was very exciting to see so many large energy users pursuing electrification projects to decarbonize their thermal energy. Our CCO Matt Penfold got a lot of questions after his electrification panel, during which he highlighted the importance of performing electricity tariff and wholesale market analysis as part of the decision-making process for electrification of industrial heat. #electrification #sustainability #renewables #RTC2024 #renewablethermal

Exciting update on green hydrogen tax credit rules from Heatmap News! Very curious what "middle ground" Treasury has found between the three pillars advocates (additionality, location-matching, and time-matching) and the non-additional / offset advocates.... Hopefully, the promised clarity will help restart the hydrogen projects that were put on pause earlier this year. https://lnkd.in/gNFNUZhs