News Type: Press Release

3Degrees Receives EPA Green Power Leadership Award

8th win recognizes Leadership in Community Solar, Renewable Energy Procurement

3Degrees announced today that it has received a 2015 Green Power Leadership Award from the U.S. Environmental Protection Agency (EPA).  This award recognizes the country’s leading green power suppliers for their commitment to advancing the nation’s voluntary green power market.

“We are proud to receive this prestigious award for the eighth time,” said Steve McDougal, 3Degrees CEO. “Our staff is committed to connecting people with cleaner energy on a massive scale, and it is an honor to be recognized for this work.”

In the past year, 3Degrees has focused on expanding renewable energy in the U.S. through three key initiatives:

  • Community Solar: 3Degrees is the industry leader on implementing voluntary community solar programs and is currently working with two major IOUs to launch their programs
  • Power Purchase Agreements: With more companies looking for an ownership stake in their renewable energy purchases, we are advising Fortune 500 clients on opportunities around renewable energy procurement
  • New projects: Over the past several years, 3Degrees has been instrumental in bringing new renewable energy projects online, working with suppliers and clients to create projects that are cost-effective and meet client needs

“EPA is pleased to recognize 3Degrees with a Green Power Supplier of the Year Award for its leadership in expanding the nation’s renewable energy industry,” said EPA Administrator Gina McCarthy. “Through its development of new renewable energy capacity, 3Degrees is helping to address climate change and put our country on a path to a future powered by renewable resources.”

EPA presented 3Degrees with the Green Power Supplier of the Year award at the 2015 Renewable Energy Markets Conference on October 19, 2015.

About EPA’s Green Power Partnership

The Green Power Partnership is a voluntary program that encourages organizations to buy green power as a way to reduce the environmental impacts associated with purchased electricity use. The Partnership currently has more than 1,300 Partner organizations collectively purchasing billions of kilowatt-hours of green power annually. Partners include a wide variety of leading organizations such as Fortune 500® companies, small and medium sized businesses, local, state, and federal governments, and colleges and universities. For additional information, please visit https://www.epa.gov/greenpower.

About the Green Power Leadership Awards

The U.S. Environmental Protection Agency (EPA) co-sponsors the annual Green Power Leadership Awards in conjunction with the Center for Resource Solutions. EPA recognizes winners in the following awards categories: Green Power Partner of the Year; Sustained Excellence in Green Power; On-site Generation; Green Power Purchasing; and Green Power Supplier of the Year. EPA’s Green Power Partner awards recognize the exceptional achievement among EPA Green Power Partners who distinguish themselves through green power procurement, market leadership, overall green power strategy, and overall impact on the green power market. EPA’s Green Power Supplier awards recognize green power suppliers for outstanding efforts, initiatives and programs that significantly advance the development of green power sources serving the voluntary market. The Awards are held in conjunction with the Renewable Energy Markets Conference. For additional information please visithttps://www.epa.gov/greenpower/awards/.

 

3Degrees and Origin Climate Unite

Companies join together to offer comprehensive range of renewable energy and climate solutions for U.S. and global clients

Today, 3Degrees and Origin Climate announced that 3Degrees will acquire Origin Climate. Many U.S. and global organizations, from corporations to utilities, are navigating the complex world of carbon, renewable energy and sustainable development goals without the necessary resources. The combined company brings together industry-leading pioneers to offer a comprehensive range of renewable energy and climate expertise to transform clients’ organizational goals into impactful strategies and results.

Erin Craig and Mark Mondik, the managing directors of Origin Climate, will take on leadership roles within the newly expanded 3Degrees. Craig will lead the consulting organization that will serve clients’ climate and renewable energy needs. Mondik will lead the carbon market business, including carbon credit origination. Both Craig and Mondik will join the 3Degrees executive leadership team and board of directors. Dan Kalafatas will remain the executive chairman and Steve McDougal will continue to serve as the CEO.

 “We are pleased to join forces with Origin Climate. Our product and service offerings complement one another exceptionally well, enabling us to serve the tailored needs of more customers and serve them more comprehensively, both in the United States and around the world,” said Kalafatas.

Expanded Custom Offerings for Commercial and Industrial Clients

Over the past several years, many organizations have significantly broadened their climate and energy goals. These leaders need a wide range of products and an evolved set of services to ensure their success. In recent years, Origin Climate has quietly advised on more than 1400 MW of completed renewable power procurement transactions, and become a major force guiding corporate renewable energy strategy in the United States. By joining forces with Origin Climate, 3Degrees will enhance the depth of its offerings across consulting and transaction services—including PPAs, contracted purchases from competitive energy providers, green tariffs, and tax equity and other owner-investment options—as well as customizable renewable energy certificate (REC) and carbon offset products sourced from around the globe.

 “Origin Climate guided our organization as we committed to achieving 50% renewable energy and an absolute reduction in greenhouse gas emissions for our highly distributed content delivery network spanning 120 countries,” said Nicola Peill-Moelter, Ph.D., senior director of environmental sustainability for Akamai Technologies. “They helped us develop our procurement strategy and led us through our first virtual PPA (VPPA) process. We are excited to see how Origin Climate will bring success to more companies as part of the 3Degrees team.”

The expanded 3Degrees team provides energy users an unbiased assessment of a variety of climate-smart energy supply options. Their approach enables internal stakeholders to weigh in on the costs, risks and benefits of all possibilities, navigate the regulatory complexities, and help determine the best option. As a result, execution can proceed quickly and without surprises.

“We’re seeing a number of companies with impressive renewable energy goals rushing to sign VPPAs,” said Craig. “VPPAs are a great structure, but they’re not for everyone. The companies we work with are seeking renewable energy as a primary objective; participating at-risk in wholesale power markets is not on their ‘to-do’ list. By combining 3Degrees’ leadership in commercial, industrial and utility sectors with Origin’s experience advising companies on a wide variety of energy supply structures, we are now uniquely positioned to help clients identify and implement the solution that best meets their needs—whether a VPPA or otherwise.”

Serving the Utility of the Future

For more than a decade, 3Degrees has helped investor- and publicly owned utilities across the United States with custom compliance and voluntary REC products in order to meet renewable portfolio standards, as well as create successful voluntary renewable programs that engage their customers and drive satisfaction.

As utilities seek to retain customers and attract new economic development to their service territories, 3Degrees is now better equipped to help utilities navigate the renewable energy requirements of their largest energy users. 3Degrees’ leadership in managing community solar and voluntary green power programs is augmented by Origin Climate’s trail-blazing work designing and implementing one of the first utility “green tariffs” to allow electricity users to buy 100% project-specific renewable energy through their utility.

“For more than a decade, 3Degrees has helped us deliver compelling renewable energy choices that meet the commitments and interests of our customers. With the integration of Origin Climate, 3Degrees is even better positioned to serve a growing interest among our largest customers and position Silicon Valley Power as a utility of the future,” said Larry Owens, customer services manager of Silicon Valley Power, one of the top utility sellers of renewable energy.

Strong Alignment of Culture and Values

Both Origin Climate and 3Degrees are certified B Corporations. The combined company retains the 3Degrees name and now has more than 100 employees spanning offices in San Francisco, Portland, Ore., Seattle, and Richmond, Va. The Origin Climate team members will relocate to the 3Degrees headquarters in downtown San Francisco.

Added McDougal, “3Degrees and Origin Climate’s core values and company cultures are perfectly aligned, providing foundation to craft creative, impactful solutions for clients and make a greater impact on energy markets and climate change.”

Apple, eBay, Samsung Austin Semiconductor and Sprint Accelerate Renewable Energy Development

Cows and wind turbine texas

Clean Energy Aggregation to Support Apex Clean Energy’s White Mesa Wind Project in Crockett County, TX

Apple, eBay, Samsung and Sprint today announced a joint agreement to purchase power from a new wind farm owned and developed by Apex Clean Energy. The transaction—spearheaded by Apple, the largest purchaser in the innovative small load energy aggregation—totals approximately 75 megawatts of clean energy, enough to power the equivalent of 20,000 homes.

Shared energy purchases like this allow companies to pool their energy demands and collectively support the addition of large-scale renewable energy projects to the grid. Apple brought together other technology leaders dedicated to responsible business practices – eBay, Samsung and Sprint – in the aggregation agreement, which will enable all participants to access cost-effective low-carbon renewable energy from the new project. 3Degrees facilitated the agreement.

The full 500-MW White Mesa Wind project is expected to come online in 2021 in Crockett County, TX.

“We’re proud to be powering all of Apple’s operations around the world with 100 percent renewable energy and driving the private sector to support the clean energy transition,” said Lisa Jackson, Apple’s Vice President of Environment, Policy and Social Initiatives. “Businesses of all sizes and of varying energy needs can help bring new, renewable energy online. This collaborative agreement in Texas is a model we hope others will replicate.”

“At eBay, we prioritize operating in the most environmentally and socially sustainable way,” said Wendy Jones, SVP Global Operations, eBay. “This collaboration is not only an important step in advancing our commitment to reaching 100 percent renewable energy by 2025, but it also offers an inclusive approach to collaborate with other companies and lead the way toward a clean energy future.”

“Samsung Austin Semiconductor understands the responsibility of businesses to work together to support environmental sustainability and increase the share of renewable energy in our local markets,” said Gil Heyun Choi, president of Samsung Austin Semiconductor. “We see this agreement as a landmark effort for cutting-edge semiconductor technologies and a demonstration of green manufacturing brought to scale.”

“This project marks another step toward reaching our corporate goal of reducing Sprint’s carbon footprint,” said Chas Peterson, Vice President of Procurement for Sprint. “We are also greening our supply chain by partnering with some of our key suppliers on this innovative shared energy purchase.”

“Enabling corporate aggregation for renewable power purchasing is a key focus of Apex’s and an essential way of engaging more corporate customers in clean energy procurement,” said Mark Goodwin, president and CEO of Apex Clean Energy. “The Apex platform is designed to develop utility-scale wind and solar projects that deliver optimized performance paired with the flexibility that aggregated offtakers need to make these deals feasible. White Mesa Wind is a prime example of the future of corporate clean energy transactions: aggregated power purchasing tailored to each offtaker’s needs.”

“REBA members continue to drive innovation in clean energy procurement,” said Miranda Ballentine, CEO, Renewable Energy Buyer’s Alliance. “By bringing together the buying power of four leading brands, Apple, eBay, Sprint and Samsung, with the professional support of 3Degrees, energy buyers are proving that through the right partnerships these innovative renewable energy projects can come to fruition.”

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About Samsung Austin Semiconductor, LLC

Samsung Austin Semiconductor is one of the most advanced semiconductor manufacturing facilities in the world with more than 3,000 employees and 2.45 million square feet of floor space. Samsung Austin Semiconductor has broad semiconductor process technology offerings serving customers in various application areas including mobile, consumer, networking/high performance computing, Internet of Things, RF and automotive. Since 1996, Samsung Austin Semiconductor has invested approximately $17 billion in its Austin, TX campus, making it one of the largest direct foreign investments in United States history. Samsung Austin Semiconductor is a US-based subsidiary of Samsung Electronics Co., Ltd. The Austin facility is one of the few semiconductor plants the company has outside South Korea. Visit www.samsung.com/us/sas.


About Sprint

Sprint (NYSE: S) is a communications services company that creates more and better ways to connect its customers to the things they care about most. Sprint served 54.3 million connections as of June 30, 2019 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; leading no-contract brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. Today, Sprint’s legacy of innovation and service continues with an increased investment to dramatically improve coverage, reliability, and speed across its nationwide network and commitment to launching a 5G mobile network in the U.S. You can learn more and visit Sprint at www.sprint.com or www.facebook.com/sprint and www.twitter.com/sprint.


About eBay

eBay Inc. (NASDAQ: EBAY) is a global commerce leader including the Marketplace, StubHub and Classifieds platforms. Collectively, we connect millions of buyers and sellers around the world, empowering people and creating opportunity for all. Founded in 1995 in San Jose, Calif., eBay is one of the world’s largest and most vibrant marketplaces for discovering great value and unique selection. In 2018, eBay enabled $95 billion of gross merchandise volume. For more information about the company and its global portfolio of online brands, visit www.ebayinc.com.


About Apex Clean Energy

Apex Clean Energy develops, constructs, and operates utility-scale wind and solar power facilities across North America. Our mission-driven team of more than 200 renewable energy experts uses a data-focused approach and an unrivaled portfolio of projects to create solutions for the world’s most innovative and forward-thinking customers. For more information on how Apex is leading the transition to a clean energy future, visit apexcleanenergy.com or follow us on Facebook, Twitter, and LinkedIn.

Wind farm photos courtesy of Apex Clean Energy

Largest Peace REC (P-REC) agreement to date and the first in South Sudan helps fund solar electrification of teaching hospital

The largest Peace Renewable Energy Credit (P-REC) agreement to date, and the first-ever P-REC registration in South Sudan, has been executed by 3Degrees and the International Organization for Migration (IOM) with support from Energy Peace Partners (EPP). In the agreement, 3Degrees obtained the P-RECs generated by the IOM-managed solar plant and transferred them to Block, a fast growing global technology company with a focus on financial services, to further the company’s commitment to financial inclusion and desire to support forward-looking sustainability projects. The pioneering transaction will help support the expansion of P-RECs globally.

The arrangement between 3Degrees and IOM, a United Nations organization, will allow IOM to fund the solar electrification of the Malakal Teaching Hospital, the main healthcare facility serving the city of Malakal and the surrounding region. The city of Malakal was destroyed in the country’s civil war that began in 2013 and now houses one of the largest camps for internally displaced persons (IDPs) in South Sudan. Expected to be completed in mid to late 2022, the solar electrification project will enable improved community health services by providing a reliable source of power for the hospital. The P-REC transaction also serves to pilot a funding model that can be replicated by United Nations entities and other international organizations in the field to support humanitarian and peacebuilding initiatives.

P-RECs are international renewable energy certificates (I-RECs) with a supplementary label developed and issued by EPP, which certifies the co-benefits associated with the new renewable energy generation. P-RECs serve as an innovative financing instrument that supports high impact renewable energy projects in fragile, energy poor countries. The first P-REC contract was executed in 2020 by Microsoft, and Block’s purchase now serves as the single largest P-REC acquisition to date.

Under this agreement, EPP will issue the P-RECs generated from a new IOM-managed solar plant that supplies electricity to its Humanitarian Hub at a camp that houses more than 30,000 IDPs outside the city of Malakal in South Sudan. Since 3Degrees and EPP had previously collaborated on the inaugural P-REC project, EPP again approached 3Degrees to help assess project options and navigate the contracting process. 3Degrees then entered into an agreement with IOM to obtain the P-RECs from the solar plant.

“We are grateful to IOM, 3Degrees, and Block for their collaboration and commitment in making this groundbreaking transaction a reality. EPP’s work grew out of efforts to expand renewable energy in South Sudan, one of the most fragile and least electrified countries in the world. This project fulfills the original vision of the P-REC, and we are excited about the positive impact this will have for communities in Malakal,” said Dave Mozersky, President of Energy Peace Partners. “More broadly, this highlights the value of the P-REC in mobilizing private sector actors to support high-impact projects in some of the hardest-to-reach communities.”

“We are thrilled to support another innovative P-REC transaction, which will help make a tangible difference in people’s lives,” said Steve McDougal, CEO, 3Degrees. “More and more, our customers are seeking out ways to make a greater impact through their renewable energy procurement. We applaud Block for their desire to support this meaningful project, and thank Energy Peace Partners and IOM for their partnership and collaboration to make it happen.”

“At IOM, we know we can only reach sustainability at scale by working with partners who share our vision for a greener future,” said Amy Pope, IOM’s Deputy Director General for Management and Reform. “We are thrilled to have partnered with 3Degrees and Energy Peace Partners to implement the first Peace Renewable Energy Credit agreement to date within the United Nations system. This groundbreaking initiative in South Sudan demonstrates that it is possible to transition to cleaner energy in a way that directly benefits the migrants we serve.”

“At Block we are guided by our purpose of economic empowerment and for us, P-RECs represent a unique opportunity to support global financial inclusion through high-impact renewable energy projects,” says Neil Jorgensen, Global ESG Lead at Block.

Existing solar project at the UN Humanitarian Hub in Malakal.
Source: Omar Mohammad Patan at International Organization for Migration (IOM)

 


About EPP

Energy Peace Partners leverages climate finance solutions to support peace in places affected by violent conflict. We believe that a paradigm shift toward climate-sensitive development can deliver enduring benefits to the planet’s most vulnerable populations. The Energy Peace Partners team brings together expertise in international peacebuilding, renewable energy, and climate security. Our efforts create an enabling environment for introducing renewable energy that can serve as the building blocks for peace.

About IOM

The International Organization for Migration (IOM) is part of the United Nations system and is the leading intergovernmental organization in the field of migration. IOM is committed to the principle that humane and orderly migration benefits migrants and society. From its roots as an operational logistics agency following the Second World War, it has broadened its scope to become an essential international actor in the field of human mobility, supporting migrants across the world, developing effective responses to the shifting dynamics of migration, and a key source of advice on migration policy and practice. The Organization works in emergency situations, developing the resilience of all people on the move, and particularly those in situations of vulnerability, as well as building capacity within governments to manage all forms and impacts of mobility.

About Block

Block, Inc. (NYSE: SQ) is a global technology company with a focus on financial services. Made up of Square, Cash App, Spiral, TIDAL, and TBD, we build tools to help more people access the economy. Square helps sellers run and grow their businesses with its integrated ecosystem of commerce solutions, business software, and banking services. With Cash App, anyone can easily send, spend, or invest their money in stocks or Bitcoin. Spiral builds and funds free, open-source Bitcoin projects. Artists use TIDAL to help them succeed as entrepreneurs and connect more deeply with fans. TBD is building an open developer platform to make it easier to access Bitcoin and other blockchain technologies without having to go through an institution.

3Degrees Honored as Bay Area Best and Brightest Company

view of the golden gate bridge in san francisco, where 3Degrees is headquartered at

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. 

Want to be part of this? Join our team!

3Degrees honored for carbon offset project development

13 projects in 10 states developed and registered in 2016  

3Degrees was recently named a 2017 project developer of the year by the Climate Action Reserve and recognized for its leadership in advancing climate solutions and strengthening carbon markets.

184_climate_action_reserve_04_19_2017 copy

(L to R): Craig Ebert, President of the Climate Action Reserve, Nick Facciola, Director of Carbon Markets at 3Degrees, Linda Adams, Chair of the Climate Action Reserve and former Secretary of Cal/EPA

Specifically, 3Degrees was honored for registering the most projects in 2016 with 13 unique projects. These consisted of 10 compliance livestock projects, one voluntary livestock project and two voluntary landfill projects. These projects were developed in 10 different states by Origin Climate, which recently joined forces with 3Degrees and has over 20 projects on the Reserve. Origin Climate is one of the oldest and most successful carbon credit companies in the US and has registered more than 5 million verified carbon credits.

“3Degrees is honored to receive this award from the Climate Action Reserve,” said Mark Mondik, vice president of carbon markets. “We are committed to leveraging markets as a force for good and pride ourselves on being the honest and trusted voice in helping clients develop and implement strategies to fight climate change.”

The Climate Action Reserve is a carbon offset registry with a mission to develop, promote and support innovative, credible, market-based climate change solutions that benefit economies, ecosystems and society.

The award was presented at the Navigating the American Carbon World conference.

3Degrees is again named Best REC Trading Company – North America by Environmental Finance

North America RECs trading award

3Degrees has been named the 2019 Best Trading Company in Renewable Energy Certificates (REC) – North America for the sixth year in a row by Environmental Finance. This is the 20th anniversary of the Environmental Finance Annual Marketing Rankings, the largest and most closely watched survey of the world’s environmental markets. 

“Receiving this award once again is incredibly meaningful to our team, who works hard every day to meet the needs of our partners and customers, and deliver an exceptional quality of service,” said Scott Eidson, vice president of environmental markets. “It’s extremely rewarding to be a part of an industry that’s doing such important work in the fight against climate change.”

For over 15 years, 3Degrees has provided tailored renewable energy, transportation, and emission reduction solutions to our clients, and helped them source high-quality, country-specific renewable energy products around the globe.  An award-winning B Corp, 3Degrees has delivered more than 170 million RECs and GOs to clients, and supported more than 2,000 facilities.

This is the ninth time the company has earned a top designation by Environmental Finance readers in this category. Learn more at 3Degrees.com.

First repeat Peace REC (P-REC) transaction to expand funding for Goma solar project

The inaugural Peace Renewable Energy Credit (P-REC) purchase from 2020 is expanding with a new purchase by Microsoft of credits from solar projects in Goma, Democratic Republic of the Congo (DRC). This agreement, executed by Microsoft and project developer Nuru, with support from Energy Peace Partners (EPP), makes Microsoft the first repeat P-REC buyer and is also the largest P-REC deal transacted to date. The transaction was once again facilitated by 3Degrees, a leading global climate solutions provider that has worked on all P-REC deals to date. The team jointly announced the deal at the Sustainable Energy for All Forum taking place in Kigali, Rwanda this week.

P-RECs are international renewable energy certificates (I-RECs) that support high impact renewable energy projects in fragile, climate vulnerable countries. P-RECs are a supplementary label developed and issued by EPP, certifying the co-benefits associated with the new renewable energy generation.

Microsoft’s initial P-REC purchase funded the installation of public streetlights connected to Nuru’s 1.3MW solar minigrid in the Ndosho neighborhood of Goma. This second purchase expands the project in Ndosho by supporting first-time electricity connections for households, businesses, and social institutions, and deploying additional streetlights that improve nighttime security in the community and allow local businesses and markets to operate during evening hours. The purchase also contributes directly to the financing of Nuru’s new 3.7 MW solar metro-grid anticipated to serve nearly 20,000 direct beneficiaries in Goma. Together, the projects will constitute one of the largest off-grid mini-grids operating in Sub-Saharan Africa, eventually benefitting 125,000 people and raising the average electricity rate from 3% to around 20%.

“By expanding the impact of this project, Microsoft is helping to enable meaningful access to electricity for a large portion of the area’s residents,” said Elizabeth Willmott, Carbon Program Director, Microsoft.

“This transaction contributes meaningfully to delivering on Sustainable Development Goal 7 (SDG 7) to end energy poverty and ensure a clean energy transition that leaves no one behind. We are excited to see the P-REC market contribute to increasing renewable energy access in the DRC and unleashing the full potential of Congolese communities,” said Dave Mozersky, President of Energy Peace Partners. “We are grateful for the leadership demonstrated by Microsoft, 3Degrees and Nuru in helping to extend the renewable energy revolution to communities where it has outsize impact.”

We are thrilled to close this new P-REC deal with Microsoft, 3Degrees, and Energy Peace Partners. Through our collaboration, we will deploy and operate new renewable energy infrastructure and public streetlights, improving thousands of lives in Goma, DRC,” Jonathan E. Shaw, Co-Founder and CEO, Nuru. “Together our work will continue to inspire and amplify the incredible human capacity in Congo by providing thousands of delighted people with the first-time and world-class energy services that they deserve. These projects will also enable us to decarbonize and green existing energy sources, building climate-resilient and sustainable communities in DRC. Working together with companies like Microsoft, 3Degrees, and Energy Peace Partners is critical for achieving collective impact in DRC. We are excited to renew our relationship through this P-REC purchase and to achieve big results in DRC’s communities together.” 

“We are thrilled to continue to support Microsoft as they further their commitment to Peace RECs with this meaningful second investment in the Goma solar project,” said Steve McDougal, CEO, 3Degrees. “It’s incredibly rewarding to work on renewable energy procurements like this that will ultimately make such a positive, direct difference in the lives of people in that community. We appreciate the partnership with EPP and Nuru and the opportunity to collaborate with them, once again, to help make this largest-ever P-REC transaction a reality.”

About Energy Peace Partners

Energy Peace Partners leverages climate finance solutions to support peace in places affected by violent conflict. We believe that a paradigm shift toward climate-sensitive development can deliver enduring benefits to the planet’s most vulnerable populations. The Energy Peace Partners team brings together expertise in international peacebuilding, renewable energy, and climate security. Our efforts create an enabling environment for introducing renewable energy that can serve as the building blocks for peace.

About Nuru

Nuru is a company dedicated to enhancing connectivity in the Democratic Republic of the Congo. Nuru deployed DRC’s first solar-based mini-grid in 2017 and  a 1.3 MW commercial solar-plus-storage hybrid site in Goma, North Kivu in 2020. Building on this success, Nuru plans to install an additional 14 MW in renewable energy infrastructure in DRC in 2023. Nuru, meaning “light” in Swahili, encapsulates our vision to inspire and catalyze the incredible human potential in Congo by providing 5 million delighted clients with world-class connectivity by September 24, 2024.

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.