Innovo

Behind every startup is a vision. Let's see who's behind the curtain at Innovo Markets Inc. 🎬

2024 will go down as the year the energy sector took center stage. Here are the key trends marking this turning point: ⚡ Rising Energy Demand: Electricity consumption surged by 4%, up from 2.5% in 2023, reflecting the push for a digital, low-carbon economy. 🌱 Renewable Capacity Surges: Record growth in wind, solar, and battery storage—U.S. wind capacity hit 153.8 GW, solar reached 128.2 GW, and battery storage grew to 30.9 GW. 🏢 Corporate Procurement on the Rise: Businesses are driving the adoption of renewables, embedding sustainability into operations. 🤖 AI Transforming Energy: Artificial intelligence is reshaping the energy industry, increasing demand while optimizing operations and efficiency. 🏠 Resilience through Decentralization: The decentralized nature of clean energy systems is proving crucial in crises, helping regions withstand disruptions with less damage and faster rebuild. 2024 showed us the challenges of growing energy demand and the promise of a sustainable future. Innovo is here to help make it happen. 🌍 #EnergyTransition #Innovation #Sustainability

2024, what a year! Time to reflect📓 As the year comes to a close, we’re celebrating a year of milestones, growth, and incredible progress. None of this would be possible without our amazing team, partners, and community—thank you for being part of the journey! We’re gearing up for an even bigger 2025 and can’t wait to see what’s next. 🚀 Stay connected: 🔗 https://lnkd.in/giXfuw_s 📩 sales@innovomarkets.com ... and don’t forget to follow us here on LinkedIn for updates. Here’s to the New Year!  #YearInReview #Highlights

The momentum behind renewable energy is here, and it’s only building 🚀 🔋 The U.S. has experienced a record-breaking surge in clean energy investments, reaching $303.3 billion in 2023. Investments in renewable energy are not just growing—they're reshaping the energy landscape. These investments are driving results  🎯 Over the first nine months of 2024, utility-scale solar and wind projects accounted for nearly 90% of new power generation capacity, up from 57% during the same period in 2023. In total, the U.S. added 42 GW of new renewable power-generating capacity. What does this mean for the future of renewable energy? The numbers tell the story: renewables now meet 8.8% of total U.S. energy demand and 23% of electricity demand, setting new records. Renewable Energy Certificates (RECs) are playing a critical role in accelerating this adoption. Renewable energy isn’t just growing—it’s becoming the foundation of our energy system. #RenewableEnergy #RECs #EnergyTransition

AI is reshaping industries and it’s using a lot of energy to do so — but it’s also driving sustainability. How? In the U.S., electricity demand is expected to climb 15.8% in the next 5 years, with data centers accounting for 44% of load growth, according to Bain & Company. Meeting this demand could require utilities to increase annual generation by up to 26% in just five years. Cities like Chicago, a leading U.S. data center hub, are already bracing for the impact. But AI isn’t just consuming energy—it’s helping us use it smarter. By optimizing renewable energy systems, enabling predictive grid management, and accelerating the approval of green energy projects, AI is making the clean energy transition smarter and more efficient. AI helps organizations make data-driven decisions to reduce their carbon footprint and build a more sustainable future. By running on renewable energy sources (strategically located with the help of AI) these energy-intensive data centers can lower their environmental impact. Additionally, purchasing Renewable Energy Credits (RECs) provides crucial funding for clean energy projects, ensuring a greener grid to power AI’s rise. The rising demand for energy is real, but with the right innovations, so is the potential for a cleaner, smarter energy landscape. #AI #RenewableEnergy #EnergyTransition #RECS

You've seen the headlines about Meta’s 760MW renewable energy procurement—but what does this actually mean for the energy generators? The electricity from these projects will power the local grids in Ohio, Texas, New Mexico, and Arkansas. Meta benefits by receiving clean energy credits (RECs) and helps bring new generation capacity online. This trend is bigger than just Meta—corporate procurement made up 20% of all U.S. solar installations in 2023, according to SEIA, and now accounts for over 18% of total U.S. solar capacity. Why does this matter? Agreements like these provide developers with a critical income stream. RECs and other corporate energy purchasing agreements enable projects to scale, unlock financing, and accelerate renewable energy deployment. At Innovo, we take it a step further. By facilitating faster, reliable settlement between generators and buyers, we help developers unlock revenue streams more predictably—empowering them to scale even faster. 🚀 #RenewableEnergy #NetZero #RECs #EnergyTransition

C-suites around the world have been surveyed on their sustainability and climate action efforts. The takeaways may surprise you. A recent survey by Deloitte highlights a powerful trend: sustainability is not just a priority for businesses; it's a rapidly accelerating focus area. Companies are seeing direct financial and business growth from their climate actions. Over the past year: • Leaders prioritizing sustainability increased by 10% (from 75% 🤯) • 50% of companies are purchasing renewable energy (like RECs) • 50% of companies are leveraging technology solutions to meet their sustainability goals The most anticipated benefit of climate action over the next five years? Innovation—both in offerings and operations. With 79% of stakeholders pressuring businesses to increase climate action, the benefits of a low-carbon business and economy are becoming undeniable. At Innovo, we’re at the heart of this transformation. As a software platform revolutionizing how environmental attributes are transacted, we’re excited about the role we’ll play in helping organizations meet their sustainability goals - faster, cheaper, and more transparent. The path to a sustainable future has its challenges, but one thing is clear: commitment is growing, and momentum is building. The intersection of renewable energy, technology, and innovation will define the future—and we’re proud to be part of it! #Sustainability #ClimateTech #Innovation #RenewableEnergy #RECs

We hit 1.5°C this year: The next era of climate action begins now ⚡ The Paris Agreement’s warning is now reality. Now, we enter a critical era focused on limiting further warming to mitigate the most severe climate impacts. The world turns to clean energy as the key to our future. 🌎 Experts agree, renewables are here to stay - they have become so cheap that it makes economic sense, in addition to environmental. However, the economics, the speed, and the scale of clean energy deployment is what is crucial in the renewable process especially when meeting rising electricity demands.  Investments in clean energy are widely recognized as the key to achieving the goals of this new era. These investments can stem from governments, corporations, and private investors backing large-scale projects and innovative experiments. However, the path forward isn’t solely dependent on large-scale solutions. Financial incentives like Renewable Energy Certificates (RECs) empower individuals and businesses to contribute to renewable energy growth, bridging gaps when other options fall short. Here at Innovo, we are working to support this process. ⚡ #RECs #RenewableEnergy #ClimateGoals #Sustainability

Companies are cutting emissions, but not fast enough to meet their goals. What’s holding them back? 🏢 A recent CDP report reveals that nearly half of companies are not using renewable energy. 37% have committed to net zero by 2050, but only 18% are actually on track. The takeaway? Most companies are moving too slowly—and missing opportunities to accelerate progress through renewable energy. Despite incredible market growth in recent years, Renewable Energy Certificates (RECs) are still being under utilized. They’re practical, effective, and can help companies reduce Scope 2 emissions. At Innovo, we’re redefining how RECs work. We make them faster, more cost-effective, and easier to utilize to meet your sustainability goals. The renewable energy transition isn’t just necessary, it’s a smart business move. Let’s close the gap, drive meaningful change, and achieve net zero—together 🤝 #NetZero #Sustainability #RenewableEnergy #RECs

Very excited for Clean Energy Buyers Association (CEBA) Spring Summit May 6-8 in Minneapolis, my adopted hometown!