News Type: Press Release

3Degrees joins Business Renewables Center

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 helps Akamai drive down emissions

Akamai’s long term commitment to Texas wind farm demonstrates innovation for companies with smaller loads

Akamai Technologies, the world’s largest and most trusted cloud delivery platform, recently invested in an 80 megawatt wind farm in Texas through a long-term power purchase agreement. This is the latest chapter in Akamai’s long-term approach to decarbonizing their operations. 3Degrees (originally Origin Climate) has been working with Akamai for the past several years to build and implement their renewable energy strategy.

“3Degrees was instrumental in executing our first long-term investment in renewable energy,” said Dr. Nicola Peill-Moelter, Akamai Senior Director of Environmental Sustainability. “Their knowledge of power markets, financial acumen, and focus on helping us meet our goals have made them a trusted partner as we work toward achieving 50 percent renewables by 2020.”

This transaction demonstrates that companies with small, distributed energy loads can use power purchase agreements as part of their sustainability strategy to maximize impact, just like larger energy users. Akamai’s offtake – which represents its energy load in Texas – is a minor portion of this project, but their commitment was instrumental in getting it financed and built.

“For the past several years, the corporate push for new renewable projects has come from some of the largest companies with the highest energy use,” says Erin Craig, vice president of the 3Degrees energy and climate practice. “What Akamai has shown is that there are ways for those with smaller loads to facilitate new renewable projects in the US.”

More on 3Degrees + Energy & Climate Consulting

SEIA Recommits to Sustainability with 3Degrees Partnership

solar project

The Solar Energy Industries Association (SEIA) and 3Degrees Group, Inc. (3Degrees) today announced that they’re entering a partnership to offset electricity use and greenhouse gas emissions associated with SEIA’s events and operations.

As part of a two-year agreement, 3Degrees will provide SEIA with 235 Green-e® Certified solar renewable energy certificates (SRECs) and 835 registered and verified carbon offsets annually. This will cover SEIA’s approximate office and event electricity usage as well as all emissions associated with SEIA staff travel and event attendee travel each year.

“We have a responsibility to practice what we preach,” said Abigail Ross Hopper, SEIA president and CEO. “As the solar industry cuts CO2 emissions by 81 million metric tons a year, its main advocacy group should maintain a commitment to corporate sustainability, and our partnership with 3Degrees will help us do that.”

The solar energy generation SEIA supports avoids 166 metric tons of CO2 annually. This is equivalent to taking 35 cars off the road for a year. The carbon offset projects SEIA supports have a greenhouse gas reduction benefit equivalent to an additional 177 cars driven for a year or over 93,000 gallons of gasoline consumed.

“We are thrilled to partner with SEIA, which is on the forefront of accelerating the development and adoption of solar energy across the country,” said 3Degrees CEO Steve McDougal. “3Degrees seeks to support all organizations taking urgent action on climate change, and SEIA’s commitment to advancing solar energy is perfectly aligned with our mission.”

In 2018 and 2019, SEIA partnered with WGL Energy on a similar partnership for SRECs and carbon offsets.

This partnership is part of SEIA’s Sustainability Initiative, which promotes sustainable practices throughout the organization and focuses on reducing the carbon and environmental footprint of our daily office operations.

For more information, visit www.seia.org/sustainability.

California Utility Selects 3Degrees for New Community Solar Program

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.”

3Degrees expands partnership with CDP

Now an accredited global solutions provider for both renewable energy and carbon reduction.

CDP and 3Degrees are pleased to announce that they have expanded their partnership. Building on the existing partnership around renewable energy, 3Degrees will now offer carbon reduction services to CDP responding companies worldwide.

For more than 10 years, 3Degrees has been working with Fortune 500® clients, developing strategies to help them meet their carbon reduction and renewable energy goals. In that time, we have built experience in over 50 countries, completed over 1400 MW of renewable energy transactions, developed more than 30 carbon projects and sold over 8.8 million verified carbon credits.

“3Degrees brings a strong track record in helping clients establish and meet sustainability goals using a variety of tools and approaches. We have been impressed by their commitment to their customers and to finding business solutions to climate change,” says Paul Robins, head of partnerships at CDP.

“We are excited to expand our partnership with CDP which has a strong reputation of helping investors, companies and cities focus on building a truly sustainable economy,” says Adam Capage, vice president of corporate and government affairs at 3Degrees.

With this expanded partnership, CDP and 3Degrees will be developing a series of educational opportunities aimed at developing the knowledge and skills of the CDP reporting companies, allowing them to more confidently take action on climate change, the most pressing need of our generation.

 

3Degrees Announces Formation of Customer Solutions and Innovation Group, New Leadership in Energy and Climate Practice

Erin Craig tapped to lead new Customer Solutions and Innovation Group, joined by Rick Freeman, formerly of Apple; Rebecca Sternberg hired to head up Energy and Climate Practice 

3Degrees, a specialist in renewable energy, transportation decarbonization, and other climate solutions, is pleased to announce several new leadership roles and the formation of a new group, Customer Solutions and Innovation.

Erin Craig, leader of 3Degrees’ Energy and Climate Practice, is shifting into a new role as vice president of the Customer Solutions and Innovation group. In this new role, Erin will leverage her deep expertise, as well as the customer insights gained through her advisory work, to create new solutions to climate challenges and bring them to corporate, utility, and institutional clients in partnership with 3Degrees’ business units. Erin will also serve as a senior advisor on select client engagements. 

To accelerate these efforts, 3Degrees is welcoming Frederick Freeman to the company as director of Customer Solutions and Innovation. Rick most recently spent eight years leading various strategic initiatives and renewable energy origination projects on the Global Energy Team at Apple. Prior to his time at Apple, Rick worked as an environmental engineering consultant for private and public sector clients, as a computer programmer of web platforms and educational systems, and served as an environmental policy technical expert for the U.S. Department of State. 

The Customer Solutions and Innovation team will focus on addressing barriers to renewable energy finance, accelerating the deployment of climate mitigations which bring multiple benefit streams to society, and enabling electrification initiatives through corporate climate action. 

To amplify the success of the Energy and Climate Practice, 3Degrees is pleased to welcome renewable energy veteran Rebecca Sternberg as its new leader and vice president. Rebecca has spent more than 15 years in the sustainability and renewable energy field, most recently as vice president of power marketing, at BayWa r.e. where she led origination of several prominent renewable energy projects, including a 100MW aggregation with Bloomberg, Cox Communications, Gap, Salesforce, and Workday. Prior to BayWa r.e., Rebecca led the global Fortune 1000 Commercial team for SolarCity, working with many leading retailers and global technology companies. She has also held prominent roles in EY’s Climate and Sustainability Services group and founded Accenture’s Sustainability Practice. 

3Degrees’  Energy and Climate Practice has grown tremendously over the past three years, partnering with major global corporations, including Visa, Mastercard, Mondelēz International, Etsy, and Comcast, to help them craft and execute customized plans to achieve their renewable energy and climate goals. In 2018, the team led the largest renewable energy aggregation to date, with Apple, Akamai, Swiss Re, and Etsy. Rebecca will lead the team’s evolution and growing body of work supporting strategic initiatives for some of the world’s leading corporations and educational institutions, transportation decarbonization initiatives, and renewable energy implementations worldwide.

“3Degrees continues to evolve to meet our clients’ growing renewable energy, transportation, and other climate solutions needs,” said Steve McDougal, CEO of 3Degrees. “A key component of our plan is building the strongest leadership in the industry. I’m thrilled that Erin and Rick are spearheading the new Customer Solutions and Innovation group, and that Rebecca will be at the helm of our thriving Energy and Climate Practice. Their collective leadership experience in the renewable energy industry is second to none, and our clients will certainly benefit from their expertise.” 

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3Degrees Launches Renewable Energy Procurement 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.”

 

OneEnergy Renewables and 3Degrees announce partnership on Energy Scholars Program

energy scholars

Seeking tomorrow’s renewable energy industry leaders for the 2018 program. Applications due September 24. 

In partnership with nonprofit Net Impact, OneEnergy Renewables and 3Degrees today announced they are partnering to advance the next generation of renewable energy industry leaders through a career advancement award program. The Energy Scholars program recognizes graduate students who have demonstrated outstanding leadership and commitment to building a cleaner energy future.

Through executive mentorships, industry networking, and internships, the Energy Scholars program is a proven platform for students as they begin their careers in the renewable energy industry. The program benefits each student differently based upon their area of focus and interest.

“We are thrilled to partner with 3Degrees on Energy Scholars. This partnership will expand the program’s benefits and the scholar’s experience,” said Jennifer Barnes, vice president of operations and communications at OneEnergy Renewables. “The goal of Energy Scholars has always been to cultivate exceptional leaders from a variety of backgrounds as they start their careers in the renewable energy industry. With 3Degrees, we look forward to continuing to expand industry diversity through this program.”

To learn more about the 2018 Energy Scholars program, or to submit an application before the September 24 deadline, please visit the Energy Scholars Program page. Past Energy Scholars are employed in renewable energy and sustainability positions at distinguished institutions including Amazon, National Grid, NRG Energy, SoCal Edison, Borrego Solar, Ecova, PG&E, CustomerFirst Renewables, Northrop Grumann, Rocky Mountain Institute, CAAPITAL, Nike, National Grid, Hitachi, OneEnergy Renewables and more.

“Thanks to OneEnergy’s vision six years ago, this program has already provided valuable experience for dozens of previous winners,” said Adam Capage, vice president of corporate and government affairs at 3Degrees. “3Degrees is honored to partner with OneEnergy and we hope to help broaden the impact and opportunities of the Energy Scholar Program over time.”

Awardees will be announced on October 3, 2017. Up to eight scholars will be selected for the 2018 Energy Scholars class and honored during the Net Impact Conference, being held Atlanta, October 26-28, 2017.

 

About OneEnergy Renewables
OneEnergy Renewables is an independent developer of solar energy projects across North America, with a focus on commercial, institutional and utility customers. Our experienced team of renewable energy professionals pair de-risked projects with advanced energy procurement and financial solutions to deliver construction-ready and operational solar assets.

 

 

Bank of America Taps Duke Energy and 3Degrees to Expand Renewable Energy Commitment

Partnerships Support New Solar Generation to Power Bank of America Charlotte Operations and Support New Solar Projects in Local Communities

CHARLOTTE – Bank of America announced today it is partnering with Duke Energy to further expand its renewable energy commitment by powering its headquarters and other Charlotte, North Carolina operations with solar energy.

Through a renewable energy-sleeved power purchase agreement (PPA), the company is participating in Duke Energy’s Green Source Advantage (GSA) program. The bank is the first company and financial institution to sign a 10-year agreement for electricity and Green-e®-certified renewable energy certificates (RECs) through this program.

The purchase of a 25-megawatt (MWAC) solar project’s electricity output and RECs will cover 45% of Bank of America’s electricity load in the state. By participating in Duke Energy’s GSA program, Bank of America further demonstrates its commitment to reduce its operational impacts on the environment, including being carbon neutral and utilizing 100% renewable electricity across its global operations.

“These unique projects and partnerships build on our achievement of carbon neutrality and expand our renewable energy commitment. By driving more clean energy solutions in our facilities, we are developing a broader sustainable energy ecosystem to help transform our operations and the communities where our employees work and live,” said Andrew Plepler, global head of Environmental, Social and Governance at Bank of America. “These partnerships bring to the forefront creative thinking and innovative solutions to address a changing climate and clean energy access.”

This innovative project will be constructed in the Piedmont region of North Carolina. It also adds additional clean energy to the grid, supports jobs and the local economy. The project will include the installation of a pollinator habitat surrounding 70,000 solar panels, covering approximately 180 acres, and is expected to be online in 2022.

“We continue to look for new and innovative ways to deliver more renewable energy to customers in North Carolina,” said Stephen De May, Duke Energy’s North Carolina president. “Customers want more flexibility and options for renewable energy and the Green Source Advantage makes that happen.”

Silver Pine Energy, a joint venture between Silver Creek Energy and North Carolina developer Pine Gate Renewables, will oversee the development of the project and will support the engineering, procurement and construction services.

“Silver Pine Energy is very pleased to be a part of the Green Source Advantage program,” said Silver Pine President Ben Catt. “We are grateful to partner with Duke Energy and Bank of America for this project, and excited to continue to do our part to bring more renewable energy online in North Carolina through innovative and exciting programs such as GSA.”

Duke Energy’s GSA program has 600 MW of capacity for large Duke Energy customers in North Carolina. Cities – like the city of Charlotte – are also eligible to participate.

Duke Energy maintains more than 3,300 MW of solar power on its energy grid in North Carolina, which could power about 700,000 homes and businesses at peak output. The company also operates 40 solar facilities in the state. North Carolina currently ranks No. 2 in the nation for overall solar power.

The Green Source Advantage program is an outgrowth of 2017’s landmark solar legislation in North Carolina. Other programs such as solar rebates for customers and solar leasing were also part of that legislation. Duke Energy piloted the program, called the Green Source, Tariff, in 2015.

EASTERN NORTH CAROLINA – Bank of America partnered with 3Degrees to purchase RECs for 10 years to help make possible the development of four additional solar projects in the eastern part of the state. The counties of Harnett, Columbus, Nash, and Johnston will benefit from these projects, with solar energy added to the grid and pollinator habitats that will increase biodiversity in these communities. The total annual MWh output from the 3Degrees projects are expected to produce 33,000 MWh/ year.

“We applaud Bank of America’s continued investment in taking action against climate change,” said Steve McDougal, CEO, 3Degrees. “We have partnered together several times, and the bank’s desire to consistently seek out innovative projects, such as this impactful long-term REC purchase in North Carolina, is impressive. Bank of America exemplifies true corporate climate leadership.”

Additional resources

Learn more about Bank of America’s commitment to the environment and its environmental operations focus.

Learn more about Duke Energy’s GSA program and its renewable energy commitment.

Learn more about 3Degrees.

Learn more about Silver Pine Energy.

Learn more about Pine Gate Renewables.


Duke Energy
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of the largest energy holding companies in the U.S. It employs 30,000 people and has an electric generating capacity of 51,000 megawatts through its regulated utilities, and 3,000 megawatts through its nonregulated Duke Energy Renewables unit.

Duke Energy is transforming its customers’ experience, modernizing the energy grid, generating cleaner energy and expanding natural gas infrastructure to create a smarter energy future for the people and communities it serves. The Electric Utilities and Infrastructure unit’s regulated utilities serve approximately 7.7 million retail electric customers in six states – North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. The Gas Utilities and Infrastructure unit distributes natural gas to more than 1.6 million customers in five states – North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The Duke Energy Renewables unit operates wind and solar generation facilities across the U.S., as well as energy storage and microgrid projects.

Silver Pine Energy
Silver Pine is a joint venture partnership between Silver Creek Energy and Pine Gate Renewables. Silver Pine is actively developing dozens of projects across the southeast and beyond. The collective partnership combines to offer industry leading capabilities as a developer, financier, EPC, and operator of solar projects in the United States. Silver Pine currently oversees the construction and operation of 200 MWs of solar projects in the southeast and is actively developing over 1GW of solar across the country.

Pine Gate Renewables
Pine Gate Renewables is a leading developer, financier, EPC, and operator of solar projects across the United States. Pine Gate currently operates more than 400MWs of renewable energy projects and has an additional 4GWs of projects in different stages of development throughout the country. Pine Gate is headquartered in Asheville, N.C.

Bank of America
At Bank of America, we’re guided by a common purpose to help make financial lives better, through the power of every connection. We’re delivering on this through responsible growth with a focus on our environmental, social and governance (ESG) leadership. ESG is embedded across our eight lines of business and reflects how we help fuel the global economy, build trust and credibility, and represent a company that people want to work for, invest in and do business with. It’s demonstrated in the inclusive and supportive workplace we create for our employees, the responsible products and services we offer our clients, and the impact we make around the world in helping local economies thrive. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer and environmental organizations, to bring together our collective networks and expertise to achieve greater impact. Learn more at about.bankofamerica.com, and connect with us on Twitter (@BofA_News).

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Reporters May Contact:
Kelly Sapp, Bank of America, 1.980.214.3070
kelly.e.sapp@bofa.com

Randy Wheeless, Duke Energy, 1.800.559.3853
randy.wheeless@duke-energy.com

Rachel Fagan, 3Degrees, 1.512.402.8683
rfagan@3degrees.com