Grexel to develop Latvian gas Guarantee of Origin register
In gradual preparation for the introduction of the gas guarantee of origin (GO) system in Latvia, the unified natural gas transmission and storage system operator Conexus Baltic Grid AS (Conexus) and Grexel have concluded a contract for the development of the GO registry system, following an open procurement procedure.
In the months to come, Grexel will implement the Latvian biogas GO registry for Conexus in line with both the requirements of Conexus as well as the new messaging format V80 of the Association of Issuing Bodies (AIB). This will introduce the possibility to transfer GOs via the AIB Hub, whilst fulfilling the legal and regulatory requirements for biogas GOs in Latvia.
“We are pleased to have started cooperation with Grexel Systems Oy, a Finnish information technology company, given the company’s extensive experience in establishing registries for certificates of origin, including the development and implementation of a number of successful gas certificate of origin projects elsewhere. We appreciate the opportunity to provide the administration of renewable gas guarantees of origin on a similar basis as has been successfully operated for several years in the electricity sector, where the guarantees of origin registry service is also provided by this Finnish company,” said Uldis Bariss, Chairman of the Conexus Management Board.
The new registry system will run on Grexel Systems Oy’s new next generation cloud-based registry solution G-REX. “Our aim is to create a user-friendly, reliable proof of origin registry that will not only enable the issuance of guarantees of origin, but also enable cross-border exports, thereby also developing the biomethane market,” says Mr Bariss. He adds that one of Conexus’ strategic objectives is to promote the development and further integration of the gas market, also contributing to the development of the market for hydrogen and other gaseous energy carriers. Therefore the work on the establishment of a guarantee of origin system is an important step to promote the biomethane market and sustainability in Latvia.
Markus Klimscheffskij, CEO of Grexel, comments: “It’s an honour to be selected to develop the Latvian registry for certificates of origin for Conexus. It’s one of the first of its kind in Europe, as an EECS compatible biogas registry, and we are very excited to be part of this pioneering work. The cooperation with the Conexus team has started off excellently.”
