About Grexel

grexel-green-economyOur mission is to enable a clean energy economy by providing regulatory engineering services and core market technology solutions for government bodies mandated to establish markets for environmental commodities or rights.

Grexel® was established in 2003 and employs over 20 professionals in Helsinki, Tallinn and Chennai. It has a turnover of 2 million euros and has always been financially solid as well as Triple A-credit rated since 2008. Grexel is a proud Microsoft Silver Data Platform Partner since 2014 and  in 2016 it became certified with ISO 27001, the best-known standard providing requirements for an information security management system. 

Grexel is a pioneer in energy certification field. Our experts have more than 50 years of cumulative experience with the energy certificate markets and central certificate registries. Grexel is the EECS Issuing Body and registry operator of Guarantees of Origin in Sweden and is a long-time member of the Association of Issuing Bodies - AIB. In addition, Grexel manages and further develops central registries for Croatia, Denmark, Hungary, Iceland, Ireland, Luxembourg, Norway, Serbia and Sweden. In total, more than 1000 TWhs of electricity certificates have been issued in registries developed and managed by Grexel.

Central Registry Systems

Grexel develops and maintains flexible and dependable software solutions for tracking the ownership of environmental value. Our central registry platform (Grexel Certification Framework, GCF) is easily adaptable for various needs and our systems are used by government bodies such as regulators and transmission system operators to facilitate, for example, Guarantee of Origin and green certificate schemes. We offer all-inclusive service packages, rather than simply software projects alone.

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Regulatory and Market Engineering

In addition to providing technical infrastructure, Grexel also helps the relevant authorities to design their green energy markets. We have in-depth knowledge of both the market dynamics and the technology for trading on the green commodities and rights markets. This comprises of e.g. disclosure system design regarding guarantees of origin and optimization of financial resources regarding support schemes. Our extensive experience is based on active involvement in the implementation of trading schemes in various countries over the years.

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中文简介 - Brief in Chinese

Company Background

The roots of Grexel date back to a sunny April afternoon in Helsinki in April 2001, when the founder of Grexel, at that time the CEO of Absolutions Ltd., Marko Lehtovaara, signed an agreement on the delivery of a "System for Renewable Energy Certificates". The customer was a coalition of Nordic transmission system operators, who wanted to be in the frontline of the development of a new way to commercially track electricity from production to consumption...

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Grexel discloses and compensates its Carbon Footprint

Being an environmentally aware company, Grexel® has decided to disclose and compensate its own carbon footprint.

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