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Introduction to Connected Markets

SensorUp’s Connected Markets module is your central hub for driving compliance and achieving success in both regulatory and voluntary emissions markets. It integrates cutting-edge data management and reporting capabilities to streamline adherence to stringent frameworks like GHGRP and OGMP 2.0, simplify your participation in environmental initiatives such as Veritas, and ensure your emissions accounting is accurate and audit-ready.
Connected Markets empowers your technical teams to proactively manage compliance, mitigate risks, and enhance transparency across all reporting activities by centralizing and reconciling emissions data.

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The Challenge: Navigating Complex Market & Regulatory Demands

Organizations face significant hurdles in managing emissions data for compliance and market participation:
  • Diverse Reporting Requirements: Meeting the specific needs of multiple regulatory bodies (e.g., GHGRP) and voluntary programs (e.g., OGMP 2.0, Veritas) is complex.
  • Data Aggregation & Validation: Consolidating data from various systems and ensuring its accuracy is time-consuming.
  • Reconciliation & Discrepancies: Aligning bottom-up (source-level) and top-down (site-level) inventories requires sophisticated tools.
  • Maintaining Auditability: Ensuring all data, calculations, and adjustments are traceable is paramount.

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How Connected Markets Solves This

SensorUp Connected Markets provides a unified solution to:
  • Centralize Reporting Data: Act as the nexus for all market-related data inputs.
  • Streamline Compliance Workflows: Configure and manage processes according to specific regulatory and voluntary program needs.
  • Facilitate Market Participation: Provide real-time insights and ensure data meets standards for initiatives like OGMP 2.0 and Veritas.
  • Enable Robust Data Reconciliation: Integrate various data sources to calculate and reconcile bottom-up and top-down inventories.
  • Support Effective Accounting Processes: Implement collaborative workflows for emissions data management.

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Core Capabilities of Connected Markets

Connected Markets offers a suite of powerful features to manage your emissions reporting and market interactions:

Centralized Reporting Hub

Serves as the primary platform for all emissions data related to market participation and regulatory reporting.
  • Multi-Source Data Aggregation: Ingests and consolidates data from emissions monitoring devices, SCADA, manual inputs, third-party sources, and other enterprise systems.
    • Standardized data intake normalizes diverse formats.
    • A validation engine checks data quality and adherence to standards.
  • Unified Emissions Inventory: Creates a comprehensive view of emissions across all assets and sources, including historical data management.
Tools and workflows to manage and streamline adherence to various reporting requirements.
  • OGMP 2.0 Reconciliation & Reporting:
    • Facilitates yearly reconciliation of site-level and source-level inventories.
    • Highlights discrepancies and incorporates associated uncertainties for each inventory type.
    • Analyzes contributions from different source categories (stationary combustion, tank venting, fugitives).
    • Aims for congruence between bottom-up and top-down estimates when accounting for uncertainty.
    • Integrates site-level measurements (CMS, drones, flyovers) directly into the workflow to improve data quality and attribute emissions.
  • Veritas-Compatible Reconciliation:
    • Supports monthly emissions reconciliation aligned with Veritas principles.
    • Provides a dashboard showing total reconciled emissions, site statuses (open, in progress, closed), methane intensity, and production numbers.
    • Allows drilldown into site-level, day-by-day reconciled emissions, identifying sources and applied rule sets (e.g., Veritas One rule set).
    • Incorporates business processes like operator decisions, automated rule execution, error handling, and peer review submissions.
  • GHGRP Reporting Support: Assists in preparing data and generating reports compliant with Greenhouse Gas Reporting Program requirements.
  • Customizable Compliance Workflows: Allows setup of reporting processes with task management, approvals, and comprehensive audit trail generation.
Advanced capabilities for integrating, reconciling, and accounting for emissions data.
  • Bottom-up / Top-down Reconciliation Engine: Enables the calculation and alignment of inventories derived from source-level estimates and site-level measurements.
    • Includes tools for discrepancy analysis and uncertainty quantification.
  • SensorUp Carbon Calculator: A low-code, configurable tool for arithmetic-based emissions calculations.
    • Observation Workflow: Inspect incoming datastream records (e.g., CO2e per day) on a monthly basis, view charts, and apply common data correction approaches.
    • Data Snapshotting: Fixes data for a specific reporting period to ensure calculation consistency.
    • Custom Calculation Builder: Define formulas for metrics like methane intensity, CO2e, reconciliation adjustments, CDR credit generation, considering LCA boundaries and calculation nodes.
  • Effective Accounting Processes: Supports collaborative workflows, peer review mechanisms, and streamlined month-end close for emissions data.

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Conceptual Workflow for Emissions Reconciliation & Reporting

The following steps illustrate a general process within Connected Markets, adaptable for frameworks like OGMP 2.0 and Veritas:

1. Data Aggregation & Inventory Setup

Centralize all relevant data: bottom-up source-level estimates, top-down site-level measurements (flyovers, CMS, satellite), and operational data like production figures.

2. Framework-Specific Reconciliation

  • For OGMP 2.0 (Yearly): Compare site-level and source-level inventories. Analyze discrepancies and uncertainties. Drill into source categories and incorporate site-level measurements to refine data and aim for congruence between inventories when uncertainty is accounted for.
  • For Veritas (Monthly): Review reconciled emissions dashboard. Drill into sites for day-by-day breakdowns. Apply Veritas rule sets and manage operator decisions for reconciliation.

3. Data Correction & Calculation (Carbon Calculator)

Inspect detailed datastream records (e.g., daily CO2e). Apply data corrections. Create a “snapshot” to fix data for the reporting period. Run configured calculations for methane intensity, CO2e, etc.

4. Review, Approvals & Finalization

Utilize built-in business processes for internal review, peer approval, and finalization of reconciled data and calculations.

5. Report Generation & Export

Generate reports formatted for specific regulatory bodies (GHGRP, OGMP 2.0) or voluntary programs (Veritas). Export data for submissions or to monitoring dashboards.

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Key Benefits of Using Connected Markets

  • Streamlined Compliance: Simplify adherence to complex frameworks like OGMP 2.0, GHGRP, and Veritas.
  • Improved Accuracy: Rigorous reconciliation processes and uncertainty management lead to more reliable emissions figures.
  • Actionable Insights: Understand discrepancies between inventory types and pinpoint areas for data quality improvement.
  • Enhanced Auditability: Maintain a clear record of data inputs, calculations, decisions, and rule applications.
  • Flexible Calculations: The Carbon Calculator allows for tailored accounting methodologies.
SensorUp Connected Markets utilizes all available data types to prioritize and produce the most accurate estimates for robust emissions reconciliation and reporting.

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Next Steps

To delve deeper into the capabilities of Connected Markets:

Solutions for Simplifying OGMP

Learn how SensorUp simplifies OGMP 2.0 reporting and reconciliation.

Integrated Emission Management

Explore our comprehensive solution for emissions management and reporting.