LCCC Collaboration is set to Accelerate Net Zero with New HECS System

London, 22 October 2024 - The Low Carbon Contracts Company (LCCC) has partnered with Talan Group and Critical Software to develop a first of its kind Head End and Certification System (HECS). A system that will provide the critical assurance and verification needed to allow the adoption of renewables at least cost to the consumer. 

The innovative system will change how data is collected from LCCC counterparties, supporting the development of future initiatives, including Hydrogen (H2) and Carbon Capture, Usage, and Storage (CCUS), as well as enabling the evolution of data collection for the Contracts for Difference (CfD) and Capacity Market (CM). 

Through the use of blockchain technology the system is designed to manage large amounts of granular data. It will ensure data is verified ready for settlement reporting and compliance across the schemes. The HECS is a key tool in the journey towards Net-Zero and ensures security and transparency, making sure transactions can be traced through the energy supply. 

The HECS is a key enabler on the UK’s journey towards Net-Zero, supporting the shift to cleaner energy.

“We are thrilled to partner with Talan and Critical Software on implementing these innovative systems that will play a critical role in centralising data, safeguarding consumers, and supporting the UK’s journey to Net Zero.," 

commented George Pitt, CFO at LCCC

"The Talan Group is delighted to play a key role in supporting LCCC to design, deliver and operate this innovative digital solution, enabling and supporting the effective operation of the renewables market, for the benefit of consumers," 

highlighted Miriam Atkin, Talan's Director of Energy

"Digital certification of renewable commodities ensures transparency, traceability, and trust in its production and supply chain, offering verifiable proof of sustainability whilst driving global confidence in clean energy solutions. At Critical Software, we are excited to leverage our expertise in smart meter technologies to support LCCC in this initiative. By applying our proven solutions, we can help ensure the transition to a more sustainable future," 

commented Joao Brito, Critical Software’s Division Director for Smart Energy and Utilities

Notes to Editors 

About LCCC

Low Carbon Contracts Company (LCCC) is responsible for supporting the delivery of GB’s Contracts for Difference scheme. As the counterparty to Contracts for Difference (CfDs) and administrator of the Capacity Market (CM), LCCC ensures secure and cost-effective electricity for consumers by enabling private investment into low-carbon power generation. LCCC works with industry and government to facilitate the GB’s transition to cleaner energy sources while maintaining grid stability and affordability. Its role is critical in ensuring that GB meets its Net Zero targets and energy security objectives. www.lowcarboncontracts.uk 

About Talan 

Talan is an international consulting group committed to transformation through innovation and technology. For over 20 years, Talan has been advising and partnering with some of the world’s leading companies, administrations and tech partners. The group supports them and supports in implementing their transformation and innovation projects globally. Present across five continents, 18 countries, and more than 5000 employees, the group puts innovation at the core of its development and has demonstrable form in areas related to the technological changes of large groups, such as Artificial Intelligence, Data Intelligence, Web3, Blockchain or IoT with leading global companies as clients. www.talan.com In the UK, Talan is nearly 500 professionals working across multiple sectors but specifically Energy, Financial Services and Retail. Their clients include major UK private sector and Government, and they are passionate about the application of technology in solving global challenges. 

About Critical Software

Founded in 1998, Critical Software is an international technology company, specialising in the development of software solutions and the provision of engineering services to support critical and reliable systems, oriented to the safety, mission, and business of enterprises. The company collaborates with international clients in sectors as diverse as space, aviation, energy, defence, finance, ecommerce, medical devices, and transportation. Currently, the company has over 1,300 employees in its offices in Portugal, United Kingdom, and Germany, being one of the few technology companies in the world to have agile, waterfall software development processes classified with CMMI® Level 5. The company is a Benefit Corporation, reflecting its commitment to sustainability, social and environmental issues, and transparency in developing business for the common good. https://criticalsoftware.com

Media Enquires  

For further information and for media interview requests, please email Hann Esselink: hana.esselink@lowcarboncontracts.uk