NYSERDA Selects APX to Develop and Operate NYGATS

NYSERDA Selects APX to Develop and Operate NYGATS

New York, NY – October 15, 2015 – APX Inc., the leading infrastructure provider for environmental and energy markets, is pleased to announce that the New York State Energy Research and Development Authority (NYSERDA) has selected APX, Inc. to design, build, implement, operate, maintain and administer a generation attribute tracking system for the State of New York, the New York Generation Attribute Tracking System (NYGATS). The system will allow for origination, certification, tracking, transfer, and retirement of Certificates and will support New York State policies and programs, including New York’s Environmental Disclosure Program (EDP), Renewable Portfolio Standard (RPS), and the voluntary market for renewable energy and renewable energy certificates.

“With the increasing focus on renewable energy and power disclosure programs, market infrastructure solutions that enable transparent tracking of energy attributes are increasingly in demand,” said Lars Kvale, Managing Director APX, “We are pleased that NYSERDA and all other major North American renewable energy markets have chosen APX to support their renewable energy programs.”

“The New York Generation Attribute Tracking System is a significant step in implementing Governor Cuomo’s commitment to increasing the use of renewable energy in the state, and it will enhance New York’s renewables voluntary market,” said John B. Rhodes, President and CEO, New York State Energy Research and Development Authority (NYSERDA). “We welcome the involvement of APX, a firm committed to assuring accuracy in tracking the attributes of energy generation and consumption in New York, to assist New York in achieving these objectives.”

NYGATS will issue certificates for all electricity generation in New York as well as for imported power beginning with January 2016 vintage. The system will also support import and export transactions with neighboring power regions. APX and NYSERDA are working to implement NYGATS and will shortly initiate a stakeholder consultation process on the NYGATS Operating Procedures. When NYGATS launches, APX will provide user-trainings and distribute training materials for potential system users. More information is on NYSERDA’s NYGATS website: http://www.nyserda.ny.gov/Cleantech-and-Innovation/Environment/Research-Crosscutting-Topics/New-York-Generation-Attribute-Tracking-System

APX delivers a complete suite of solutions for REC market infrastructure including issuance and tracking of certificates, a full audit trail, and 24/7 support for all major North American renewable energy markets. From corporations and retailers to clean generators, utilities and regulators, APX infrastructure solutions ensure transparency, quality, security, accountability and protection against double counting.

About APX Inc.
APX is the leading infrastructure provider for environmental and energy markets. APX business services include the APX Environmental Management Account™, a complete suite of solutions for environmental asset and risk management, and APX registry services for Renewable Energy in the United States and Voluntary Carbon worldwide. More than 2000 global firms trust APX to issue, track, manage and retire environmental commodities across all renewable energy markets in North America and carbon markets worldwide. APX also provides technology, strategic consulting, and expert operational services to assist wholesale power market participants reduce costs and improve performance in power scheduling, settlement, market operations, system operations support, and demand response programs. For questions please contact Lars Kvale at lkvale@apx.com

2015-10-20T18:16:33+00:00 October 15th, 2015|

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