All-electric off-road SUV championship Extreme E has extended its partnership with carbon project developer and sustainability solutions company Allcot.
Contract:
- Allcot will continue as the series’ official environmental contribution partner
- The company’s remit is to address carbon emissions in Extreme E and leverage the motorsport platform to inspire wider change
Context:
Allcot has partnered with Extreme E since the series’ inception, with the two parties most recently signing an extension in June last year. Part of this extension was a collaboration to offset emissions from the St Helena, the series’ floating headquarters.
The active offsetting process involves collecting daily fuel consumption from St Helena which is converted in Co2e – carbon emission equivalent. Using the daily carbon footprint data, the corresponding precise amount of carbon credits required for compensation will be instantly calculated.
These credits are then automatically retired via a blockchain platform, leaving an immutable record of each transaction on the blockchain ledger.
Comment:
Ali Russell, managing director of Extreme E, said: “We are excited that our long-term sustainability partner Allcot have extended their collaboration with us once again. We have achieved a lot together in the last three seasons including advancing the way we address emissions and driving sustainable practices for business.”
Coming next:
Extreme E returns for its next round at a yet to be determined venue in Europe from 13th to 14th July.
Go deeper:
- ‘Extreme E is not ending, it’s getting better’: Ali Russell clarifies the series’ hydrogen-powered future
- Ali Russell on Extreme E’s broadcast strategy, new markets, and the goal of hydrogen-powered racing
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