Global consultancy Baringa has an innovative new software initiative called Energy Source, which enables major energy users to view and manage their entire energy portfolio in a single dashboard.
The tool is designed to help businesses make energy decisions with the same level of sophistication as professional investors, developers, and lenders.
Energy Source is Baringa’s first licensable software product, offering large firms the ability to evaluate their Power Purchase Agreements (PPAs) alongside their energy demand profile.
Energy Source aims to provide a clearer picture of energy users’ overall portfolio position, enabling better decision-making, risk assessment, and cost savings.
“Large firms have been setting decarbonisation targets, but this is the easy part – the hard challenge is decarbonising their electricity to meet those targets,” said Henning Bottger, a Partner at Baringa.
“One of the largest levers companies can pull are PPAs – but typically information about PPAs exists on different spreadsheets in different geographies, sometimes on the servers of different suppliers. This lack of joined up data can lead to inefficiency in decarbonisation, and potentially to millions being wasted through poor allocation of resources.
“Energy Source exists to correct this. With one view of all Power Purchase Agreements, including all the demand and price modelling companies can need, companies can take better decisions about their electricity, saving money and carbon.”
Energy Source
By consolidating complex and previously disconnected energy data, the software allows businesses to generate insights and report to key stakeholders with ease.
Launched on March 6, 2025, and available as a web application, Energy Source offers valuation of existing PPAs, analysis of current and future contracts, and comprehensive reporting capabilities.
Energy Source also supports customers throughout the entire energy procurement process, from strategy development to evaluating tenders and managing energy assets on an ongoing basis.