Turning Energy Data into Action:

Integrating Diverse Energy Assets at One of the
World’s Largest Banks to Maximize Cost
Savings and Minimize Emissions

One of the world’s largest banks, JP Morgan Chase (JPMC), is a global leader in environmental sustainability. As a member of the Net-Zero Banking Alliance and with its Paris-aligned financing commitment, JPMC is helping set the world on a path to net-zero by 2050 and is targeting a 40% reduction in its own Scope 1 and 2 emissions by 2030. Achieving this emissions goal requires a more comprehensive view of energy activity, specifically aggregating energy consumption and generation data across its ~100 sites to inform strategic energy procurement.

Challenge

Inaccurate and incomplete energy and emissions data constrained reporting accuracy and strategic insights in three areas:

• Comprehensive view of consumption and generation data.
• Balanced cost and carbon energy procurement and trading strategies.
• Accurate accounting for the carbon impact of operations.
• Timeline: 12-Months

Solution

The primary action was establishing a reliable consumption data feed using NextEra 360 for data sourcing and aggregation. The team used Power Cockpit to normalize utility bill data and integrate with on-site generation to create a timeline view for carbon generating and carbon offsetting processes. With the energy consumption and generation data integrated, the next step was to generate hourly load profiles forecasts across all pilot sites to characterize demand requirements and generative capacity. 

The team used the hourly load profiles to inform custom trading strategies to reduce energy procurement costs, maximize carbon matching opportunities, and capture value between the day-ahead and real-time markets. Automatic Trader, the platform’s energy trading solution, combined the hourly load profiles, market forecasts, and trading strategies to generate automatic smart bids to optimize the energy portfolio.

To determine the total carbon impact of generation, consumption, and trading, the team utilized Carbon Ledger to create user-friendly reports allowing for tracking progress towards JPMC’s goal of reducing Scope 1 and 2 emissions by 40%.