Potential offtaker

Lloyd’s Register

www.lr.org

Estimated electricity consumption

N/A

Countries of production presence

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Lloyd’s Register is a leading provider of professional services for engineering and technology solutions, operating in the Other Commercial Support Services sector. The company is headquartered in the United Kingdom and has a global presence in over 78 countries, providing services to a wide range of industries, including energy, marine, and transportation.

Lloyd’s Register has been at the forefront of decarbonisation efforts in the energy sector, providing solutions to help companies reduce their carbon footprint and transition to renewable energy sources. The company has a strong focus on corporate energy management, offering a range of services to help businesses optimise their energy consumption and reduce their environmental impact.

One of the key services offered by Lloyd’s Register in the area of corporate energy management is Corporate Power Purchase Agreements (PPAs). A Corporate PPA is a long-term agreement between a business and a renewable energy provider, whereby the business agrees to purchase a specified amount of renewable energy at a fixed price over a set period of time. This allows businesses to secure a reliable, cost-effective source of renewable energy, while also reducing their carbon footprint.

Lloyd’s Register has extensive experience in helping businesses navigate the complex world of Corporate PPAs, providing expert advice and support throughout the process. This includes identifying suitable renewable energy providers, negotiating favourable terms and conditions, and ensuring compliance with regulatory requirements.

In addition to Corporate PPAs, Lloyd’s Register also offers a range of other services to help businesses transition to renewable energy sources. This includes energy audits, energy efficiency assessments, and renewable energy feasibility studies. The company’s team of experts works closely with businesses to identify opportunities for energy savings and renewable energy generation, and to develop tailored solutions that meet their specific needs.

Lloyd’s Register is committed to supporting the global transition to a low-carbon economy, and has set ambitious targets for its own operations. The company has pledged to reduce its own carbon emissions by 50% by 2030, and to achieve net-zero emissions by 2050. To achieve these targets, the company is implementing a range of measures, including energy efficiency improvements, renewable energy generation, and the use of low-carbon technologies.

Lloyd’s Register’s commitment to decarbonisation is reflected in its wider business strategy, which is focused on delivering sustainable solutions that meet the needs of its clients while also reducing their environmental impact. The company’s services are designed to help businesses across a range of industries to achieve their sustainability goals, from reducing carbon emissions to improving energy efficiency and transitioning to renewable energy sources.

In conclusion, Lloyd’s Register is a leading provider of professional services for engineering and technology solutions, operating in the Other Commercial Support Services sector. The company has a strong focus on decarbonisation and corporate energy management, offering a range of services to help businesses reduce their carbon footprint and transition to renewable energy sources. With its global presence and extensive experience in the energy sector, Lloyd’s Register is well-positioned to support businesses in their sustainability efforts and help drive the transition to a low-carbon economy.

✓ Science Based Targets member
✓ Declared Net Zero commitment