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Insights

AIB Achieves Major Milestones in 2024, Paving the Way for a Stronger Energy Transition

Jakob Olsen

In a year marked by significant progress and transformation, AIB has reached major milestones in 2024 that underscore its growing role in driving the energy transition. With impressive increases in both the volume of Guarantees of Origin (GOs) issued and the number of successful transfers, AIB is setting a new standard in the industry. For the complete set of statistics, be sure to check out our website.

Breaking New Ground with EECS GOs

One of the standout achievements of 2024 is the volume of electricity EECS GOs issued by AIB members. Last year, the total reached an unprecedented 1,084 TWh, surpassing the 1,000 TWh mark for the very first time. This represents a +10% year-on-year increase from 2023, highlighting the robust growth in clean energy certification and consumption.

Rising International Engagement

AIB's influence is not just confined to domestic borders. International transfers of EECS GOs through the AIB Hub saw a notable increase, rising by more than +12% YoY to reach 1,067 TWh. This growth underlines the expanding global trust and reliance on AIB's frameworks and processes.

Surge in Transfer Volumes

Perhaps even more impressive is the surge in the number of transfers handled by the AIB Hub. In 2024, the hub processed 68,920 transfers, marking an almost +32% YoY increase. This dramatic rise reflects the increasing efficiency and scalability of the AIB Hub, which is quickly becoming a cornerstone in the energy certification process.

A Shift Towards Domestic Certification

The year also saw a significant boost in electricity consumption certification within AIB members’ domains. The volume of EECS GOs cancelled domestically grew by +12% YoY to 884 TWh, a trend that has been accelerating over the past five years with a cumulative increase of nearly +49%. This surge confirms the rising interest among members in certifying their electricity consumption, reinforcing the importance of sustainability in energy practices. Conversely, there was a dramatic -74% YoY decrease in ex-domain cancellations, which now stand at only 8 TWh. This sharp decline confirms the phasing out of certain support schemes from countries outside AIB, signaling a more streamlined and focused approach within the region.

Looking Ahead: New Tools for a Data-Driven Future

In line with its commitment to innovation and transparency, AIB is excited to announce that work is underway to implement the MS Databricks tool for enhanced statistics processing and publishing. This cutting-edge tool is set to go live in May 2025, promising even more detailed insights and a smoother experience for all stakeholders. Until then, AIB will continue to publish its statistics as usual, keeping the community informed of ongoing progress.

Conclusion

2024 has been a landmark year for AIB, characterized by significant growth in key areas that drive the energy transition forward. From breaking records in GO issuance to streamlining international transfers and boosting domestic certification, AIB’s achievements this year demonstrate its leadership and commitment to a sustainable energy future. Stay tuned for more updates and explore the full statistics on our website to see how AIB continues to shape the landscape of renewable energy certification.

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