Open Hydro Proof of Concept
Find Similar History 31 Claim Ownership Request Data Change Add FavouriteTitle
CoPED ID
Status
Funder
Value
Start Date
End Date
Description
Net-zero targets are at enormous risk because hydropower is growing at 1/3 the speed needed to reach our 1.5ºC target to limit global warming. Despite being the largest generator of all renewables at almost 70%, most hydropower development fails to secure climate finance. Only 2% of private capital for renewables flows to the sector. This is because hydropower developers and operators are failing to provide financiers with compelling financial files, particularly regarding GHG emissions and climate change risks.
Open Hydro is building a platform for hydropower owners and developers to automate our deep-sector knowledge on carbon emissions and climate change impacts at hydropower projects, and plan how to improve hydropower assets' emissions and resilience. In this way, we resolve investors' concerns that delay the approval of files, reduce the time to make these approvals, and this in turn unlocks new energy capacity at existing and planned utilities.
Open Hydro is the much-needed automated solution to ramp up capital flows to hydropower development to meet our 2050 targets.
| Open Hydro Ltd | LEAD_ORG |
| Open Hydro Ltd | PARTICIPANT_ORG |
| Anna Thomlinson | PM_PER |
Subjects by relevance
- Climate changes
- Water power
- Emissions
- Greenhouse gases
- Climate
- Climate policy
- Decrease (active)
- Sustainable development
- Hydroelectric power stations
- Warming
- Climate protection
- Risks
Extracted key phrases
- Hydro Proof
- Hydropower developer
- Open Hydro
- Hydropower owner
- Hydropower project
- Hydropower asset
- Climate change risk
- 1.5ºC target
- Climate change impact
- Enormous risk
- Capital flow
- Climate finance
- Carbon emission
- GHG emission
- Compelling financial file