HySights Revolutionizes New Energy Market with Innovative Ratings System
Key Ideas
- HySights is the world's first ratings agency for New Energy, focusing on low-emission hydrogen-based and bio-based fuels crucial for decarbonizing various industries.
- The lack of typical risk metrics like market price has hindered the scaling of New Energy projects, with only 4% reaching a Final Investment Decision.
- HySights Ratings offer stakeholders a standardized metric to evaluate, compare, and benchmark New Energy projects globally, helping in decision-making for project developers, financiers, and more.
- Headquartered in Singapore, HySights leverages the city-state's energy trading hub status to support stakeholders in the New Energy value chain, with plans for continued growth supported by Singapore's ecosystem.
HySights has introduced itself as the world's first ratings agency for New Energy, concentrating on low-emission hydrogen-based and bio-based fuels essential for decarbonizing hard-to-abate industries like steel, shipping, and aviation. The company aims to address the lack of typical risk metrics in the New Energy markets, which has led to only a small percentage of projects reaching a Final Investment Decision, hampering the sector's growth. Through HySights Ratings, stakeholders can now easily assess and compare different projects based on standardized metrics related to performance, production cost, and emissions intensity, thereby enabling more informed decision-making. HySights' proprietary vertical AI ensures the accuracy of the data supporting its ratings, processed from various sources in over 130 languages, including real-time operational data like emissions monitoring. The company, headquartered in Singapore, strategically utilizes the city-state's global energy trading hub status to aid stakeholders in the New Energy value chain. With support from the Singapore Economic Development Board and industry leaders like IMI plc and Rainmaking APAC, HySights aims to contribute significantly to the energy transition and sustainable finance. The HySights suite of project ratings is accessible through a subscription, providing unique datasets covering the New Energy markets and facilitating high-value decision-making.
Topics
Projects
Clean Energy
Energy Transition
Market Intelligence
Sustainable Finance
Project Evaluation
Global Carbon Neutrality
Venture Creation
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