Advanced Refrigeration US49 - ARS 005

Audit Analysis

The Advanced Refrigeration US49 project (True Manufacturing, Inc.) has VVB-verified additionality via a combined test, but the verification report identified three material findings—incorrect baseline charge sizes, doubled unit counts for dual-compressor models, and non-compliant monitoring report formatting—each requiring corrective action. The project delivered roughly 46% of its pro-rata first-year expectation, which is conservative, yet the baseline errors raise questions about the accuracy of the ex-ante estimate. Leakage is set at 0% with an inconsistent justification across documents, and several key monitoring and eligibility fields remain unstated.

Project Description

Red Flags

• ⚠Three material findings in the verification report (2021-01-14): incorrect baseline default charge sizes, unit counts doubled for dual-compressor models, and monitoring reports not using the current ACR template—each requiring corrective action
• ⚠ERR contradiction: the validation report (2022-01) lists 401,754 tCO₂e as verified, while the verification report (2021-01-14) reports only 18,613 tCO₂e for the 2020 monitoring period, creating ambiguity about the actual verified figure
• ⚠Leakage justification is inconsistent: the PDD (2021-11-11) states leakage is 'deemed negligible' while the validation report (2022-01) marks it as 'not addressed', leaving the 0% deduction without a clear, consistent rationale

Credit Vintages