Norwegian Renewable Energy Bridge: Cancellations in NECS using Soldera’s Registry Bridge

Background: Norway’s Guarantee of Origin registry is NECS, the Norwegian Energy Certificate System, and is operated by Statnett. It is one of Europe’s most important and well-known GO environments - it’s the “old guard” of the GO market. As a heavy exporter, Norway’s extreme levels of hydro capacity mean it is a primary point of analysis for price signals, because it is consistent in being the most significant GO market exporter.

The importance of NECS: With Norwegian GOs making up such a large segment of the GO market’s free float, accessing the Norwegian registry is an essential need for global sustainability teams with Norwegian energy consumption.

Why integration is crucial: The registry itself doesn’t facilitate effective EAC management at scale. So, any platform you use will need to integrate into NECS - because without the ability to cancel Norwegian GOs in NECS, credible Norwegian renewable energy claims are not possible. Local cancellation needs to be handled in a way that uses appropriate registry routes and preserves a clear audit trail.

Actually Use NECS & All Other Registries Inside Soldera

Soldera’s Registry Bridge connects users to NECS by deploying a “hosted account” with all the functionality of the underlying registry. The backend of our platform is interacting with the registry at source, enabling the full, registry-native suite of behaviours as features within the Soldera platform. It’s not just a window to view the contents of the NECS, it’s a fully-functional wrapper that enables all NECS features.

There are no limits to the NECS integration

Soldera clients can expect complete coverage and execution within NECS, without requiring their own NECS account (or any other registry, for that matter). This strategic unlock is huge; because your global portfolio is in one place, time savings begin to stack, giving you time to focus on sustainability strategy. Soldera is proven to mute the global chaos - especially relevant if you are beginning to notice the effects of GO-market context switching on your organisation. Soldera clients enjoy:

• Sales & procurement: Sourcing local Norwegian GOs within the same portal as you can cancel them is a widely appreciated feature, especially if you’re used to navigating between your procurement destination and your cancellation destination. Within Soldera, GOs can be sourced directly from the Norwegian portion of our renewable producer network of over 4,000 renewable energy production facilities, ensuring efficient and straightforward market access.

• Integrated cancellation: In-app cancellation is straightforward, and the population of all cancellation fields and the export of NECS-backed cancellation documentation can be assisted with AI using your company context, ready for a human review - this can turn hour-long multi-country cancellation work into just minutes of data processing whilst our system routes your cancellation to the right local registry (where cancellation is available), in this case NECS, without requiring local accounts.

• Full cancellation documentation: All cancellations produce audit-ready cancellation documentation. These are the primary certificates that prove a renewable claim, and contain device-level datapoints to ensure your claim is yours and yours alone. Note that the certificates issued by utility companies are proxy certificatesthat do not meet this level of detail and cannot be audited. Soldera handles the operational bridge to NECS, and as soon as the cancellation is executed, you can download cancellation documentation for Norwegian renewable electricity claims.

• Transfers to and from your hosted account: Your account is your central hub for GO operations across all markets. Because of this, it becomes drastically easier (and even automatic) to maintain consistent transaction records and a clear audit trail that shows you the actions taken by your entire team - meaning no more reconciliation of trades when disclosure season arrives. And because your hosted account is an execution layer across every registry, you can use your hosted account to transact with your global counterparty network, behaving exactly as you would with any other account.

• Complete data reconciliation: Soldera’s app is always synced with the registry and directly triggers registry actions. As a result, Norwegian GO activity always reflects the status of the NECS. This is the case with every registry integration we perform, meaning that Norway can be managed transparently alongside other countries without losing the local registry basis, including registries that do not have an API.

• Single API across GO markets: Because Soldera acts as a unified place to see and use every single EAC registry, including NECS, this is incredibly useful for teams who are tired of jumping between browser tabs trying to reconcile data and store trades. As a bonus, our platform can also be used via an API that will slot neatly into your ETRM, Portfolio or Sustainability Reporting system, meaning native registry execution is possible wherever you work - there are no limits here, for instance, Soldera would work in Slack or your company CRM.

More resources on Soldera’s Registry Bridge

• Soldera is solving complex GO management needs at an enterprise level. To see a tailored overview of our solution, book a demo.

• Market context and certificate data can be found at our dedicated page for Norwegian GO procurement.

• We know that a full integration is somewhat hard to believe. To gain clarity on how our infrastructure works, please see our integration introductory article “Proprietary, yet provable”.

• If you’re considering building your own registry integrations - there’s a common trope we observe here. Ambition does not mean overconfidence, but this market has more complexities than first thought, and you’d likely find it easier using a solution that already works. See our article “The Integration Trap”.