As clean energy buyers navigate a complex energy landscape, choosing the right platform to manage energy data, ensure compliance, monitor financials, and achieve sustainability goals is crucial. With tools ranging from general energy management systems to specialized clean energy platforms, the choice can be challenging.
Two notable options for clean energy data management are Schneider Electric and Flexidao.
Schneider is a leader in energy management, offering integrated solutions and services across industries, combining IoT, analytics, and automation to optimize energy use and enhance efficiency. Flexidao, by contrast, specializes in a platform tailored for the energy, sustainability and risk teams within companies that are large energy buyers. Their focus is on addressing the unique challenges of businesses with complex energy portfolios.
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Below, we go into detail on how these options differ in what they offer energy buyers.
Specialization vs. Generalization
Schneider Electric offers versatile tools catering to diverse industries, emphasizing energy efficiency and sustainability on a large scale. However, this broad approach can sometimes lack the depth required for specific tasks. For example, while their advisers support the full range of Scope 1, 2, and 3 reporting, this overview can lack some of the detailed functionalities needed by energy buyers for Scope 2. Specifically, energy teams may find gaps in capabilities for EAC management and precise allocation, which are critical for streamlining internal reporting and meeting the requirements of disclosure frameworks such as RE100 and CDP.
Flexidao, designed for energy buyers, delivers specialized dashboards for PPA monitoring, electricity certificate management, and granular energy data tracking, which is essential for advanced procurement strategies. Their data automation tools ensure simple allocation of EACs and automated volume discrepancy tracking for optimal management.
An intelligence platform you can access in house
As regulatory demands and mandatory sustainability reporting increase, transparency has shifted from being a nice-to-have to an essential requirement for energy buyers. Easy-to-access, robust platforms are now critical for managing risks and ensuring compliance effectively.
Instead of relying on external teams, which can lead to delays and incomplete visibility, Flexidao provides a comprehensive platform with various dashboards for complete control over your portfolio. This empowers faster decision-making and gives energy teams a full, real-time view of their data. When it comes to PPA monitoring, for example, the platform provides the tools to track performance, validate invoices, manage financial settlements, and monitor key metrics such as price fluctuations and outage in-house - providing greater efficiency and control.
Granular Data Insights for Advanced Strategies
Advanced procurement strategies require more than consumption monitoring; they need accurate insights into energy sourcing. As many organizations strive for climate leadership by adopting these strategies in line with the 24/7 CFE Coalition or Emissions First Partnership, a bespoke platform that can help them execute this is key.
While Schneider excels in more general energy management, their tools may not provide the level of granularity in clean energy tracking necessary for an advanced approach. Flexidao are leaders in granular data collection, providing real-time analytics to support ambitious sustainability targets. Their expertise is trusted by leading organizations like Google and Microsoft.
What This Means for Energy Buyers
Effective management of clean energy portfolios requires platforms that align with buyers’ specific needs. Schneider Electric offers broad solutions suitable for general use, while Flexidao provides specialized tools tailored to clean energy intelligence. This ensures transparency, precision, and compliance for global portfolios.
Talk to our experts to find out more.