q-bility expands range of services to include Austria

q-bility GmbH, operator of a digital B2B trading platform for emission savings in the transportation sector, is expanding its range of services. After establishing itself in Germany within a year, it is now also offering its services in Austria. Enpulse, a subsidiary of the German energy company EnBW, is a strategic investor in the start-up.

Gerolsbach/Stuttgart. q-bility is entering the market as part of a cooperation with the Austrian company CP-I, which has already been operating successfully in the field of compensation for several years.

The basis for the expansion is the amendment to the Austrian Fuel Regulation (KVO) at the beginning of 2023, which obliges companies that place fossil fuels on the Austrian market to reduce their greenhouse gas emissions. If the obligated companies fail to do so, penalties will be imposed. The reduction obligation for 2023 is 6% and increases to 13% by 2030. The required reductions can be achieved by using climate-friendly fuels such as electricity or biomethane. Alternatively, companies can purchase unused emission reductions from third parties.

Different countries, one digital trading platform
"From now on, our users will be able to fulfill their CO2 reduction obligations in different countries via a digital trading platform," says Dennis Geilus, co-founder of q-bility GmbH, describing the expansion of the range of services. In addition to the German, the Austrian obligations for GHG reduction according to §7, as well as substitution (§5) and advanced biofuels (§6) can be fulfilled with little effort using standardized processes.

Despite regulatory differences in the German and Austrian markets, the operation of the trading center remains the same. This means that existing customers who are active in both countries will have no difficulties in switching to trading in Austria. Access for new customers also remains easy and intuitive.

Easier access to digitalized GHG quota trading
"We are delighted that our partner q-bility has successfully entered the Austrian market. This is the right step on the way to establishing itself as the leading platform for GHG quota trading in Europe. We at EEX support the development of the q-bility platform as it facilitates companies' access to digitalized GHG quota trading and supports decarbonization in the transport sector," says Peter Reitz, CEO of European Energy Exchange AG (EEX), strategic partner of q-bility GmbH.

Find out more here!