3Degrees, a renewable energy products and services company, is pleased to announce that Kim Fiske has recently joined as the vice president of renewable energy procurement. In this role, Ms. Fiske will lead a team focused on helping commercial and institutional clients take advantage of new renewable energy opportunities including power purchase agreements, on-site renewable energy projects, and direct ownership.
With experience working for utilities as well as solar and wind developers, Ms. Fiske brings strong skills in renewable energy strategy, acquisition, development, due diligence, financing and operations. Her background includes over 10 years with Iberdrola Renewables, including serving as managing director of the solar power business and prior to that, the director of wind asset management.
“Kim will be a great addition to our team that is focused on advising our clients on renewable energy procurement,” says Steve McDougal, CEO of 3Degreees, “her comprehensive experience in all aspects of project development, negotiation and procurement will be instrumental in helping our clients take the next step in their commitments to renewable energy.”
“I am excited to join 3Degrees, a pioneer in the renewable energy industry,” said Kim Fiske. “I am impressed by the company’s focus on helping clients meet both their environmental and business goals. I look forward to working with our clients on the next generation of renewable energy opportunities as we move to a low carbon economy.”
First class customer service and strong industry relationships pave way for 3Degrees to stay at the top
3Degrees announced today that it has been named the 2015 Best Trader for North American RECs by Environmental Finance Magazine. The designation is based on reader assessment through the largest and most closely watched survey of the world’s environmental markets.
3Degrees is known for managing a diverse portfolio of renewable energy certificates (REC). “Having a range of REC options means 3Degrees clients can support the type of clean energy that is most relevant to their business and geographic location,” says Scott Eidson, 3Degrees’ Head of Origination and Trading.
The company has a long history of working with developers from project conception through contractual purchases of RECs and power. In 2014 alone 3Degrees took receipt of more than 11.5 million megawatt-hours from over 350 different renewable energy facilities. 47 percent of those were sourced from facilities that came on line in 2010 or more recently. The purchases were made under 255 distinct contracts. “Strong relationships with project developers and brokers are what help 3Degrees stand apart in the industry — and meet our mission to connect people with cleaner energy on a massive scale,” says Eidson.
This is the fourth time 3Degrees has earned a top designation by Environmental Finance readers in this category. The company was also named EPA Supplier of the Year for the eighth time earlier this year.
Progressive policies and creative businesses practices earn recognition, keep and attract employees
3Degrees announced today that it has been named a 2015 San Francisco Bay Area Best and Brightest Company. The designation is based on employee assessment of corporate culture, available benefits and opportunity for professional growth.
At 3Degrees, the executive leadership looks to develop policies and programs that keep staff interested and invested in the company. The company gives more than 75 percent of its employees stock options, offers ‘socially and environmentally focused’ 401(k) investments and covers time off for volunteering.
In 2012 3Degrees became a BCorp, an alternative structure of incorporation that allows businesses to factor in the ‘benefit of all,’ not just shareholder goals, when defining success. That means community, suppliers, consumers, environment and of course employee well-being are all considered when setting practices and policy. Find out more about the BCorp approach and read the 3Degrees Annual Reportshere. “3Degrees is only as good as our employees,” said CEO Steve McDougal. “BCorp status is one way we stand apart as a business and an employer,” continued Steve.
This is the second year in a row 3Degrees has earned Bay Area Best and Brightest Company in San Francisco.
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Brings more than 10 years of renewable energy expertise to new group
3Degrees announced today that it has joined the Rocky Mountain Institute’s Business Renewables Center (BRC) as a transaction service provider.
The BRC was created to develop standards and best practices to reduce the complexity of large scale renewable transactions. This, in turn, would allow more corporations to invest in renewable energy, locking in long-term cost savings for their organization.
For more than 10 years, 3Degrees has been working with Fortune 500® clients, developing programs to help them meet their renewable energy goals. During this time, 3Degrees has played a leadership role in the renewable energy sector and has been named an EPA Supplier of the Year seven times.
“With renewable energy prices dropping, this is a great time for companies to consider new options such as power purchase agreements (PPAs),” says Sarah Beth Penndorf, head of Renewable Energy Procurement for 3Degrees. “We look forward to working with the BRC to help grow the market for large scale renewable energy procurement.”
“We are excited to welcome 3Degrees to the BRC and look forward to working with them to develop new tools and refine existing solutions in order to scale up corporate renewable energy procurement,” says Lily Donge, principal at Rocky Mountain Institute.
3Degrees, a leader in utility green power programs, was recently awarded a contract by a large California investor owned utility (IOU) to support the launch of their new community solar program.
Through this contract, 3Degrees will provide marketing and consulting services including the implementation of customer acquisition and retention strategies and tactics. This work will encompass a wide variety of marketing tactics including web, social media, direct mail, and community outreach support. All activities are focused on generating awareness, interest and participation in this new solar offering. 3Degrees will also help the utility meet Green-e certification requirements for the marketing and customer disclosure elements of this program. Green-e is a voluntary certification program that sets consumer protection and environmental standards for renewable energy.
“Community solar is a great opportunity to provide utility customers with choices about where their energy comes from,” says Adam Capage, vice president of Utility Partnerships at 3Degrees. “We look forward to helping our client launch this groundbreaking new community solar offering.”
New service helps companies derive financial benefits from renewable energy procurement
3Degrees formally announces the launch of Renewable Energy Procurement – a service line helping clients to source green energy directly from projects through long or short term agreements. This announcement is a culmination of work that 3Degrees has done over the past several years with a number of key clients, helping them explore new opportunities to access renewable energy.
“There is now a way for companies to realize both the environmental and financial benefits of supporting renewable energy,” says Steve McDougal, 3Degrees CEO. “3Degrees offers a customized approach and can work with companies to identify competitively priced clean energy.”
Often called power purchase agreements (PPAs) or direct procurement, these new renewable energy strategies have generated significant interest in the private sector. Given the growing market demand for these services, 3Degrees has built a team exclusively dedicated to this service line, including appointing Sarah Penndorf to head up the Renewable Energy Procurement business. 3Degrees has also recently joined the Business Renewables Center (BRC), an industry collaboration aimed at accelerating corporate renewable energy procurement.
“I am excited to help clients expand their participation in renewable energy,” says Sarah Penndorf. “With our industry knowledge and strong developer network, we work with clients to navigate these multi-faceted deals.”
For the third year in a row, 3Degrees has achieved B Corp (Benefit Corporation) certification. This certification means that 3Degrees has legally expanded its corporate responsibilities to include consideration of stakeholder – not just shareholder – interests. 3Degrees met B Lab’s rigorous standards of social and environmental performance and joins a community of like-minded companies that are redefining what business success means.
3Degrees became a B Corp in 2012 because the firm was built upon the idea that businesses need to consider the impact of their products and services on their employees, suppliers, community, and environment. In becoming a B Corp, 3Degrees demonstrates that social and environmental responsibility is not just a value of theirs, but one that they have integrated into their corporate DNA.
In the 2014 Benefit Corporation Annual Report, CEO Steve McDougal explains:
“We are proud to be a B Corporation. It is a touchstone for us and the work that we do. B Corps stand for positive, innovative, and practical solutions to global problems. B Corps redefine the meaning of success in business. B Corps look to create enduring prosperity for all stakeholders, including employees, suppliers, the community, the environment and shareholders.
We embrace this definition of success and strive to align our company with the value of meaningful and prosperous engagement for all stakeholders. It is a journey, and in 2014 we made significant progress on this journey.”