At the Climate Week, ENGIE today announced the launch of Ellipse, the company’s net-zero carbon platform, to accelerate global decarbonization efforts. According to ENGIE, Ellipse is currently the world’s most comprehensive carbon intelligence platform on the market; thus, it will enable businesses to track their emissions in real-time and design decarbonization strategies.
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Similarly, it will chart their progress and optimize sustainability investments. It is also tailor-designed to be integrated into existing digital ecosystems; as a result, it could bring carbon net-zero strategies to the forefront of corporate programs.
ENGIE on Ellipse
In a press release shared to Energy Capital by ENGIE, the company disclosed it developed Ellipse in response to climate commitments increasingly growing over the last few years. Indeed, the company noted that its annual emissions reduction target increased three-fold from 2005–2017.
Regarding Ellipse’s potential users, ENGIE noted it is a pioneering solution for organizations that need access to advanced data analytics. Consequently, it will be beneficial for those companies that, while looking for this info, also aim to provide an accurate representation of their carbon output.
Therefore, ENGIE noted that many organizations currently struggle with managing vast amounts of carbon-related data. Others lack carbon reporting infrastructure or have rudimentary scope 3 reporting strategies.
Ellipse can thus mitigate these issues by providing a unified, accurate view of carbon emissions across an organization’s entire portfolio and supply chain, the Company said.
In this sense, Catherine MacGregor, ENGIE CEO, commented in a media release; “As a global leader in the zero-carbon transition, ENGIE developed Ellipse in support of businesses faced with the growing urgency to reduce carbon emissions and implement a strategic action plan.”
Reception and how this platform can help companies
MacGregor also said that any sustainability transformation requires significant investment, a reimagining of business strategies, and consolidating disparate data. Therefore, she noted that “Ellipse works as a strategic tool to help organizations make informed decisions and reach their net–zero emission goals.”
Specifically, Ellipse can help companies build an accurate emissions footprint, integrate project, goal, and target tracking; develop engineering-grade scenario modeling, and create a 360° view of Scope 3 emissions.
All these elements can be addressed by harnessing artificial intelligence and custom Application Programming Interface. Thus, Ellipse aggregates and analyzes dynamic data streams for a highly accurate view of emissions; across an organization’s entire value chain.
Similarly, the platform can provide intuitive visualizations and connect project performance to expected outcomes; specifically by measuring return on investment (ROI), carbon impact, and more.
Another tool is machine learning algorithms, built on insights from over one million facilities that enable carbon-first decision-making. Therefore, organizations can identify hot spots and model supplier-specific mitigation scenarios; particularly, by gathering vast amounts of data.
