CAMBRIDGE, Mass., September 29, 2023 – Viridios AI (“VAI”), a leading provider of carbon credit pricing, data and analytics, and Context Labs (“CXL”), the leading enterprise data fabric-based climate analytics company, have announced an agreement to collaborate on a range of carbon market initiatives designed to help improve access and integrity of information on carbon projects.
As the world continues its push to decarbonise and companies with hard to abate emissions seek to invest in high quality carbon credits, access to data and analytics profiling and tracking carbon market projects will be critical if the world is to meet its climate targets.
Under this partnership, the organisations will collaborate to leverage their existing platforms and application suites with a view to supporting the development of secure, automated, accurate and reliable carbon markets which accurately evaluate the environmental attributes of carbon projects.
“Access to comprehensive, accurate and timely analytics on carbon projects is central to accelerating capital flows into carbon markets. Our collaboration with Context Labs is another significant step in bringing greater transparency and scale to this unique asset class,” says Viridios AI CEO Marcelo Labre.
Context Labs provides solutions for customers who demand trusted provenance in their data, tracked veracity through the data’s supply chain, and insightful analytics to drive business and operational value. Context Labs’ platform is powered by Immutably™, a first-of-its-kind enterprise data fabric that underpins the company’s – and its partners’ – service offerings, delivering Asset Grade Data. Asset Grade Data is proven, trusted, and unalterable data verified by a third party that organizations can use to form a more accurate emissions profile and to support the development of new climate-differentiated offerings.
“I am delighted to announce the strategic partnership between Context Labs and Viridios AI to deliver an integrated carbon market solution on the most secure, extensive, AI-driven climate technology stack available,” says Dan Harple, CEO, Context Labs.
“Context Labs’ solutions are rapidly scaling in a number of energy transition-and voluntary carbon markets, and with Viridios AI, we can further our goal of leveraging our best-in-class approach for enabling trusted emissions measurement, monitoring, and mitigation with complementary strategic partners.”
With many industries and governments needing to accelerate their efforts if they are to achieve their net zero targets, access to complete, material and reliable carbon project information, carbon credit veracity and carbon market pricing is key to helping them confidently engage with the market and deploy capital.
“Combining our best-in-class technology, which provides robust carbon credit pricing and valuation methodologies, with Context Labs’ Immutably™ and CLEAR Path™ will help ensure data integrity and traceability behind environmental attribute evaluation,” says Labre.
The VAI carbon credit pricing, valuation and data platform provides access to detailed information on almost 17,000 carbon projects around the world. Context Labs’ Immutably™ and CLEAR Path™ solutions are designed to increase transparency, traceability, and offer irrefutable proof of quantified environmental attributes at scale.
Viridios AI (www.viridios.ai), a Viridios Group company, is committed to improving the value discovery around carbon projects to allow capital to flow more freely into the complex carbon markets as the world seeks to meet its climate and net-zero targets. Its mission is to bring robust valuation methodology and instruments found in all other commodity markets, to this critical asset class and to help clients future-proof their carbon offset strategies. The VAI platform provides access to Viridios AI’s market-leading modules, Pricing, Markets, Projects and Valuation, providing subscribers with a full suite of carbon market intelligence on a single user interface.
Context Labs (www.contextlabs.com) is dedicated to sourcing, organizing, and contextualizing the world’s climate information. The company enables data to become trusted, shared, and utilized as Asset Grade Data, providing insights and solutions to inform markets. Context Labs mission is to provide the world’s trusted data fabric platform, delivering Asset Grade Data to customers using the Immutably™ Enterprise Data Fabric platform, deploying machine learning, Artificial Intelligence, and cryptographic blockchain technologies, for context-driven insights. Building on the Immutably™ Enterprise Data Fabric platform, the company has deployed customer service layers (1) Decarbonization-as-a-Service™ (DaaS™), tailored to accelerate the Global Energy Transition, and its (2) CLEAR Path™ platform to enable customers to optimize value creation with the highest quality carbon credits. The company was formed out of MIT research and is comprised of a leadership team that has been instrumental in the at-scale growth of the Internet, in prior companies. The company has offices in Amsterdam, Cambridge, MA, and Houston, TX.