Grexel to offer new Hydrogen and Biogas registry services in Finland
New RED II energy carriers live in the G-REX platfrom, Grexel’s registry solution, as of April 2022
Grexel, part of EEX Group, has been appointed by the Finnish TSO Gasgrid, to provide combined Hydrogen and Biogas registry services in Finland through their unique platform G-REX. This announcement paves the way for more Hydrogen tracking and completes a series of successes for Grexel: the Helsinki based company recently won the Energy Community tender to provide registry services for eight Eastern country, confirming its leading position as energy certificate registry provider in Europe.
Guarantees of Origin for electricity are a major instrument for end-customers to have reliable information about their energy origin while enabling to channel additional funding for the energy transition. Through these new registries, Grexel will play an important part in expanding origin tracking and markets for all energy carriers across the European Union.
Markus Klimscheffskij, CEO of Grexel, comments “We at Grexel are glad to continue our service to Gasgrid Finland and congratulate them on their new position of national issuing body of gas and hydrogen GOs. Finland is one of the leading EU countries in implementing the EU Renewable directive recast article 19 on GOs for all energy carriers. It is exciting to get to implement our new G-REX registry platform with leading actor like Gasgrid Finland. We are thrilled to further support the development of the markets for clean gases and hydrogen.”
Registry services for Hydrogen and Biogas will be delivered through G-REX, a solution designed by Grexel and integrating its 20-year expertise in providing registry services. In addition to being seamlessly designed to handle the complex regulatory requirements, the platform is made to answer customer’s demand for efficient and easy-to-use solution.
Heli Haapea, Gasgrid Service manager, completes “We are happy to partner with the expertise of Grexel. It is exciting to execute this registry together and enable the market for clean gases, including hydrogen. Gases enable a carbon neutral society and Gasgrid provides a platform for it. We want to develop our services and the gas market to promote the carbon neutral energy and raw material system of the future.”
“EEX Group is actively committed to building a Hydrogen market in Europe, be it in guaranteeing its origin or in working closely with stakeholders to establish a hydrogen index. New Hydrogen GO registry in Finland will contribute to bring more transparency to this new and growing energy carrier, thereby providing the necessary basis for its development” says Aude Filippi, Director of Business Development for Gas and Sustainability markets at EEX.
Grexel is the leading energy certificate registry provider in Europe headquartered in Helsinki with an annual transaction volume of over one billion MWhs. The registries are used by over ten thousand active account holders in 15 countries. As part of EEX Group, Grexel also helps its customers to design new certification schemes and cope with changing requirements set by international legislation and standards.
The European Energy Exchange (EEX) is the leading energy exchange which builds secure, successful and sustainable commodity markets worldwide – together with its customers. As part of EEX Group, a group of companies serving international commodity markets, it offers contracts on
Power, Natural Gas and Emission Allowances as well as Freight and Agricultural Products. EEX also provides registry services as well as auctions for Guarantees of Origin, on behalf of the French State. More information: www.eex.com
Gasgrid Finland is a Finnish state-owned company and transmission system operator with system responsibility. We offer our customers safe, reliable and cost-efficient transmission of gases. We actively develop our transmission platform, services and the gas market in a customer-oriented manner to promote the carbon-neutral energy and raw material system of the future. Find out more: www.gasgrid.fi/
CONTACT
GREXEL
T +358 44 550 7001
Laura.malinen@grexel.com
Gasgrid Finland
T +358 40 352 7643
heli.haapea@gasgrid.fi EEX
T +49 341 2156-216 | T + 33 1 73 03 76 52
presse@eex.com
