JPMorgan Chase has started to use its NextEra Energy Resources’ Optos software platform to help the global financial services firm optimise its energy use and reduce its carbon footprint.
Optos is an end-to-end energy management solution that uses artificial intelligence and blockchain technology to help companies identify their carbon footprint and provide real-time and forecasted data to match their energy demand with clean energy resources available on the market. It leverages data from an industry leading renewable fleet owned and operated by NextEra Energy Resources.
“We are excited to help JPMorgan Chase realize its substantial goals for both energy savings and decarbonization,” John Ketchum, president and CEO of NextEra Energy Resources, the world’s largest generator of renewable energy from the wind and the sun, said. “With the Optos software platform, NextEra Energy Resources has found a way to capture its industry-leading renewable energy expertise and provide a data-driven, decision-making tool for our customers.”
“We’re committed to using state-of-the art technology, including artificial intelligence and blockchain technology, to better manage our energy usage across our global portfolio and match it real-time with clean energy resources,” Alec Saltikoff, head of sustainability and energy for JPMorgan Chase’s Global Real Estate Group explained.
JPMorgan Chase has set several targets to drive progress on operational sustainability, including a commitment to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 40 per cent by 2030. The firm continues to support the development of renewable energy, including installing on-site renewable energy systems and executing long-term renewable energy procurement agreements, and has set a goal that these solutions will make up 70 per cent or more of its renewable energy procurement by 2025.
As part of its work with JPMorgan Chase, NextEra Analytics, a subsidiary of NextEra Energy Resources, will contract with ClearTrace, a leading energy-tracking and carbon accounting software company, to provide an ongoing record of each energy transaction, documenting JPMorgan Chase’s progress toward achieving its sustainability goals.
JPMorgan Chase is committed to helping facilitate the transition to a low-carbon world. The firm strives to promote a sustainable and inclusive economy by setting carbon reduction targets for the Oil & Gas, Electric Power and Auto Manufacturing sectors, and targeting to finance and facilitate $2.5 trillion in sustainable development over ten years.