Hartree Launches New Green Venture to Supply Cleaner and Cheaper Energy to UK Businesses

Hartree Launches New Green Venture to Supply Cleaner and Cheaper Energy to UK Businesses

Date
July 21, 2020
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London, 21/07/2020

Hartree Partners, one of the world’s major commodity and energy trading houses, is today introducing Hartree Solutions, a green venture that will supply low-carbon energy to UK businesses, significantly reducing both costs and emissions.

Fully-financed energy solutions

Hartree Solutions will fully finance and build low-carbon power generation for large users of energy, reducing bills by up to 30% via a long-term fixed-price contract. The solution offers energy freedom for businesses with zero capital investment.

Until now, consumers have been unable to access real-time energy market pricing and have been locked out of the benefits this can bring. By partnering with Hartree Solutions, businesses can gain from the security of its traders’ expertise in strategic price risk management, without putting their capital at risk.

“Everyone wants to go green and everyone wants cheaper bills, but the two don’t generally go hand in hand,” Adam Lewis, a partner at Hartree, said. “Hartree Solutions enables businesses to benefit from our trading expertise and market knowledge to deliver a single solution that not only lowers their energy costs but also provides a pathway to a greener future.”

Hartree Solutions will analyse the consumption needs of a business to determine its best energy solution and the most effective way to transition towards a fully green operation. Using Hartree’s innovative artificial intelligence (AI) system, the output of new or existing onsite generation is optimised to maximise savings and minimise exposure to market volatility.

The Hartree Solutions trading team uses its AI model, which sets the operating parameters of the generation assets to maximise revenue streams based on real-time market conditions and expected changes in market prices. These same AI algorithms are also used to calculate when the marginal use of carbon is high, allowing Hartree Solutions to simultaneously reduce carbon emissions.

Installation of energy-generating technology

Hartree Solutions will install solar, wind or gas-powered generation or energy storage such as batteries, either onsite or on a suitable nearby location. Part of the optimisation will involve the seamless back up of intermittent renewable supply to provide total power demand at one low fixed price.

“We’ll do what we’re best at to remove the headache of rising prices so businesses can focus on what they’re best at,’’ said Lewis.

Companies can further reduce their carbon footprint via Hartree’s Verified Emissions Reduction (VER) credits. The offsetting service reduces greenhouse gas emissions by directly investing in internationally recognised climate protection projects.

“When customers buy carbon offsets through Hartree Solutions they are choosing carbon savings that are real, immediate, permanent and don’t lead to additional emissions elsewhere,” said Lewis.

Hartree Solutions can help businesses with energy bills of £500,000 a year or higher. Over the last year, it has met the needs of hotel chains and data centres and is working with manufacturing companies in sectors such as food and beverage, chemicals, and mineral processing.

As a complement to its existing investment portfolio in the UK, Hartree Solutions has substantial capital and resources for additional projects and welcomes the opportunity to work with new partners.

For more information on Hartree Solutions, including the true green energy and carbon offsetting schemes, please contact us.

Contact Us

 

Chart outlining customer savings over a 12 mont period

“Hartree Solutions enables businesses to benefit from our trading expertise and exposure to markets to deliver a single solution that not only lowers their energy costs but also provides a pathway to a greener future”
– Adam Lewis, partner of Hartree

About Hartree Partners

  • Hartree Partners is a global merchant commodities firm specialising in energy and its associated industries. It focuses on identifying value in the production, refinement, transportation and consumption of tradable commodities and anticipating opportunities in the supply chain where they may be under or over-valued.
  • Founded originally in 1997, Hartree has a global reach spanning 12 offices and over 100 traders. The company’s rigorous research, analytical approach, and entrepreneurial culture have contributed to its strong track record and growth over that time.
  • Hartree Partners is owned by the company’s managing partners, senior staff, and Oaktree Capital, an alternative investment company with over $113bln of assets under management and a major investor in low carbon and renewable technologies.

About Hartree Solutions

  • Hartree Solutions is a wholly-owned subsidiary of Hartree Partners Investments, LP
  • Hartree Solutions, working in conjunction with Ampyr Energy UK LLP, Hartree’s specialist renewable energy joint venture, can supply 100% true green energy from new solar and wind generation projects connected directly via a “private wire” to a customer’s site thereby guaranteeing the green status of every kWh supplied.
  • Ampyr Energy is the global energy brand of AGP Group, a Singapore-based global renewable energy investor, developer and asset manager. Hartree and Ampyr’s unique collaboration joins Hartree’s merchant energy skills with the expertise of the AGP team that developed the 11.1 GW Equis solar, wind and hydro portfolio. Ampyr Energy UK is in the process of developing over 1GW of onshore wind and solar capacity.

Media Contacts

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Email: team@momomediagroup.com

Rupert Rowling
Mobile: 07833 694 336
Email: rupert@momomediagroup.com

Silvia Antonioli
Mobile: 07920 466 898
Email: silvia@momomediagroup.com

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written by
Adam Lewis

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