News Type: Press Release

First RGGI carbon offset project launched by 3Degrees

Offers new opportunities to reduce carbon emissions within RGGI

3Degrees, in partnership with Dorchester Renewable Energy LLC, registered the first ever carbon offset project under the Regional Greenhouse Gas Initiative (RGGI), a mandatory cap and trade program covering the electric sector in nine states in the eastern U.S.

The project destroys methane gas from the New Beulah Landfill located on Maryland’s eastern shore. It is expected to reduce greenhouse gas emissions equal to more than 20,000 metric tons of CO2 per year.

“We are pleased to continue our history of ‘firsts’ in the carbon market, which dates back to a time when we were still known as TerraPass,” said Mark Mondik, Vice President of Carbon Markets at 3Degrees.  TerraPass, renamed Origin Climate in 2014, became part of 3Degrees in a merger between the companies earlier this year.

The sale of RGGI offsets will provide the sole source of revenue to support the operation of the project.

“RGGI support is critical to this project,” said Tom Koch, Principal of Dorchester Renewable Energy. “Voluntary market prices for landfill gas offsets aren’t sufficient to make projects like this economically viable, but through RGGI we are able to reach higher-value buyers.”

According to the latest “Inventory of U.S. Greenhouse Gas Emissions and Sinks” published by the U.S. Environmental Protection Agency (EPA), landfills in the United States still account for around 115 million metric tons of CO2-equivalent emissions per year.

 

First-ever Peace REC
(P-REC) transaction drives renewable energy development in Africa

Nuru Solar Photo

For Immediate Release

SAN FRANCISCO, CA – The first-ever Peace Renewable Energy Credit (P-REC) transaction has been executed by Microsoft with Energy Peace Partners (EPP) and project developer Nuru. In the agreement, Microsoft is purchasing P-RECs issued by EPP from a new solar project in the Democratic Republic of the Congo (DRC), which will directly finance the installation of streetlights in a recently electrified neighborhood of Goma, the capital of North Kivu province. The streetlights are connected to the same solar-plus-storage system which generates the electricity associated with the P-RECs. The transaction was facilitated by renewable energy, transportation decarbonization, and climate solutions specialist 3Degrees.

P-RECs are international renewable energy certificates (I-RECs) with a supplementary label from issuer EPP certifying the co-benefits associated with the new renewable energy generation. P-REC projects are located in countries that are characterized by high risk of conflict, high vulnerability to climate change, low levels of electrification, and limited access to renewable energy finance. The agreement with Nuru requires that the majority of funds from the sale of P-RECs support a project that creates social and economic co-benefits in that community. Microsoft is the first company to execute a P-REC transaction.

The P-RECs purchased by Microsoft will be issued by EPP from Congolese solar developer Nuru’s newly commissioned 1.3 MW commercial solar-plus-storage project in Goma’s Ndosho neighborhood. Goma is located in conflict-affected eastern DRC, where only 3% of residents have access to electricity in many neighborhoods. Microsoft’s P-REC purchase allowed Nuru to fund the construction of mini-grid-connected streetlights in Ndosho, a community impact project co-designed with local stakeholders. Installation of the streetlights was completed earlier this year and has already improved nighttime road safety and neighborhood security, allowing businesses to stay open later at night, and reduced reliance on diesel generators, which are both expensive and highly polluting, in an area that has never had grid infrastructure.

“We developed the P-REC in order to support new renewable energy projects in fragile, energy poor regions of the world,” said David Mozersky, President, Energy Peace Partners. “With this inaugural P-REC purchase, Microsoft is demonstrating that corporate renewable energy procurement can be high impact by making a difference in communities like Ndosho, where increased access to sustainable and affordable power will be transformative. Energy Peace Partners is proud of this groundbreaking collaboration with Microsoft, 3Degrees and Nuru.”

“We applaud Microsoft’s innovative approach to its renewable energy and community development goals, and their willingness to lead with this inaugural purchase of P-RECs,” said Steve McDougal, CEO, 3Degrees. “This unique transaction unlocks a new energy attribute option that other organizations can now leverage to drive renewable projects in underserved communities around the globe. It’s been an honor for 3Degrees to partner with these three pioneering organizations to help bring this first-of-its-kind project to life.”

“Nuru is thrilled to be working with Microsoft, Energy Peace Partners, and 3Degrees to launch the P-REC in eastern DRC,” said Jonathan Shaw, Co-Founder and CEO, Nuru. “This bold, forward-thinking commitment is exactly what is required to unlock the human potential of complex, challenging contexts like eastern Congo. Thousands will benefit from this initiative, and we could not have asked for more committed and innovative partners throughout the process.”

“With P-RECs, companies like Microsoft that are looking to procure renewable energy can invest in regions that are the most impacted by climate change and that are currently deprived of access to modern energy,” said Vanessa Miler, Director, Energy Innovation and Impact, Microsoft. “Companies can maximize the impact of their investments not only from a carbon reduction perspective but also from a climate equity perspective.”

Read the case study to learn more.


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 Congo. Nuru deployed Congo’s first solar-based mini-grid in 2017 and most recently deployed a 1.3 MW commercial solar-plus-storage hybrid site in Goma, North Kivu—one of the largest off-grid mini-grids in sub-Saharan Africa. 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.

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Media Contacts:

Sherwin Das, Energy Peace Partners
[email protected]

Kyle Hamilton, Nuru, 1.225.456.6680
[email protected]

Rachel Fagan, 3Degrees, 1.512.402.8683
[email protected]

Photo courtesy of Nuru

Renewable Energy Procurement Team Expands with New Hire

3Degrees welcomes Tyler Espinoza as our newest Renewable Energy Analyst3Degrees welcomes Tyler Espinoza as our newest Renewable Energy Analyst. Tyler joins Kim Fiske’s team at 3Degrees which is focused on advising  customers through the direct purchase of renewable energy, such as via PPAs or on-site solar. In this role, Tyler will evaluate direct procurement energy deals with an eye for risk and opportunity, an assignment that is trickier than it sounds.

“These transactions can have a real financial upside,” said Tyler.  “However, there are many variables to be considered. For example energy prices may remain low,  or curtailment or congestion issues may develop and have a significant and unexpected financial impact. My goal is to paint the entire picture for decision makers so they can make a fully informed decision.” Also important to consider is the contract structure. Term, price and location must meet the client’s risk, environmental and financial goals. The experience Tyler brings to 3Degrees will help illuminate these details for clients.

Tyler brings extensive industry experience to the role. Previously he led renewable energy procurement services for public and private clients, including the Department of Energy’s Sunshot initiative. During his career Tyler has helped aggregate solar purchasing for several universities, helped bring 78 megawatts of new solar capacity online and assessed over seven million square feet of space for its solar potential. He will use this vast experience, and knowledge of regional power market dynamics and environmental policy trends, to thoroughly evaluate business and financial risk for 3Degrees clients. Tyler has an MA in International Energy and Policy from Middlebury Institute of International Studies.

Commonly referred to as PPAs, power purchase agreements are a common  mechanism for renewable energy procurement and are a growing global trend, thanks to rising interest in sustainable business operations and declining costs of green energy options.

Connect with Tyler on Linkedin.

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For fourth year, 3Degrees recognized as a Bay Area Best and Brightest

Initiatives around Diversity and Inclusion and Work-Life Balance recognized

3Degrees announced today that it was named a 2017 San Francisco Bay Area Best and Brightest Company, which recognizes companies that provide superior work environments for their employees. The results are based on an employee survey and a review of HR practices. This year, the award highlighted 3Degrees’ focus on diversity and inclusion as well as the organization’s attention to appropriate work-life balance.

“We consider improving diversity within our workforce and our industry to be of strategic importance,” said CEO Steve McDougal. “We know we have a lot more to do, but our proud to be recognized for our progress.”  

3Degrees is known for creative human resource practices and more recently has been acknowledged for its efforts around inclusion.  As a global organization with a large part-time and seasonal workforce, the company has a long history of creating a culture that supports work-life balance through flexible work arrangements, an innovative leave policy and paid volunteer hours.

In the past year, 3Degrees has increased its focus on diversity and inclusion. An employee-led committee has organized several training sessions for employees and is currently managing an equity audit that will allow us to determine priorities for the coming year. In addition, this year, 3Degrees became a sponsor of Energy Scholars, a program that helps encourage women and minorities consider careers in renewable energy.

See a list of available jobs on our careers page.

3Degrees Helps Support Electrify America’s EV Charging Infrastructure, Sells Verified Emissions Reductions to Customers Seeking to Reduce Transportation-Related Emissions

electrify-america-charging

San Francisco, CA 3Degrees today announced that it will sell verified emissions reductions (VERs), also known as carbon offsets, from Electrify America, tapping into revenue from its voluntary carbon customers to help fund upkeep of Electrify America’s expansive, ultra-fast  electric vehicle (EV) charging infrastructure across the U.S.

3Degrees is the exclusive offtaker of the first VERs from Electrify America’s national fast charging network in voluntary carbon credit markets, which is being verified under the internationally recognized Verified Carbon Standard (VCS).  3Degrees will market and sell these VERs to prospective buyers, with the first transaction expected in the second quarter of 2021. The Electrify America project was launched as the world’s first validated carbon offset project for electric vehicle chargers earlier this year.

Electrify America has more than 500 EV charging stations with over 2,200 DC fast chargers operational today across the U.S., and plans to have approximately 800 stations with about 3,500 DC fast chargers by December 2021. The 3Degrees project currently incorporates charging sites deployed up through the end of 2020, and will include additional chargers in future verifications.

As more companies establish carbon neutrality or net zero goals, an increasing number of 3Degrees customers are seeking innovative ways to address shipping and other transportation-related Scope 3 emissions.

“This project is a perfect fit for our customers seeking to reduce transportation-related emissions,” said Mark Mondik, Vice President, Carbon Markets at 3Degrees. “Transportation is the largest source of greenhouse gas (GHG) emissions in the U.S. and most of our customers don’t control the fleets used to move their goods or people around. Helping to fund the build-out of national EV charging infrastructure is an impactful way that companies can directly address this issue in the near term. We see a lot of appetite for this.”

“This project offers important benefits, including reducing the impact of fossil fuels on our environment and creating opportunities for growth in the electric vehicle industry due to more attractive investment economics,” said Wayne Killen, Director of Infrastructure Planning and Business Development at Electrify America. “We’re thrilled that the first credits from the project will now benefit customers who are exhibiting climate leadership and looking to address their transportation emissions.”

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About Electrify America

Electrify America LLC, the largest open DC fast charging network in the U.S., is investing $2 billion over 10 years in Zero Emission Vehicle (ZEV) infrastructure, education and access. The investment will enable millions of Americans to discover the benefits of electric driving and support the build-out of a nationwide network of workplace, community and highway chargers that are convenient and reliable. Electrify America expects to install or have under development approximately 800 total charging stations with about 3,500 DC fast chargers by December 2021. During this period, the company will be expanding to 29 metros and 45 states, including two cross-country routes, delivering on its commitment to support increased ZEV adoption with a network that is comprehensive, technologically advanced and customer friendly. Electrify America’s Electrify Home® offers home charging solutions for consumers with flexible installation options. Electrify Commercial® provides expert solutions for businesses looking to develop electric vehicle charging programs. For more information, visit www.electrifyamerica.com and media.electrifyamerica.com.

Maine Public Utilities Commission Chooses 3Degrees for Next Five Years

Lighthouse at Acadia National Park in Maine

3Degrees announced a five year contract with the Maine Public Utilities Commission to continue to offer Maine Green Power to the state’s electricity users. This second contract between the two organizations ensures customers of Central Maine Power and Emera Maine – the utilities servicing the majority of Maine’s population – will continue to have the option to support green energy.

2000 customers are already enrolled in the program, together supporting 10,000 megawatt-hours of renewable energy in 2015 alone. Maine is New England’s leader in hydro and wind power generation and as such it is no surprise that the program has garnered a positive reception during its first three years. “It makes sense that electricity users in Maine would want a program like Maine Green Power. It’s a natural outcome of Mainers’ passion and commitment for keeping things local” said Ryan Link, Director of Utility Partnerships at 3Degrees.  

Maine-based program staff will continue marketing the program through events and door to door canvassing. Representatives will also focus on helping commercial businesses meet sustainability goals by using green energy. “Businesses are always looking for ways to differentiate themselves from competition. Choosing renewable energy with Maine Green Power is a way to match business operations with customer values,” added Link.

About Maine Green Power

Maine Green Power, a one of many green power programs managed by 3DegreesMaine Green Power is a program developed and overseen by the Maine Public Utilities Commision which allows any entity paying an electricity bill in Central Maine Power or Emera Maine territories to pay an additional charge to purchase renewable energy made in Maine. There is no contract, no equipment to install, and a person can enroll regardless of their competitive electricity supply.

More on 3Degrees + Green Power Programs

3Degrees helps BART negotiate two new renewable energy projects

Rigorous process allows BART to procure cost effective renewable energy

3Degrees is proud to be a part of BART’s historic commitment to long term renewable energy through two power purchase agreements. BART, the fifth largest rapid transit system in the US, serves San Francisco and surrounding communities. Working with the Sustainability Group at BART, our team developed and managed the solicitation process, evaluating bids from over 30 project developers. 3Degrees was also responsible for significant quantitative analysis and qualitative project and supplier assessment, allowing the team to identify those projects that provided both the best value and the best fit for BART’s unique energy needs.

“3Degrees was instrumental in providing both in-depth quantitative analysis along with real-world expertise that allowed us to quickly zero in on the best opportunities for BART,” said Holly Gordon, Sustainability Group Manager at BART, “Their team was invaluable in helping us make strategic procurement decisions in a dynamic and changing marketplace.”

The 3Degrees’ team worked closely with BART throughout contract negotiations and helped to finalize the agreements, providing key risk mitigation recommendations and solutions.

“3Degrees is proud to be a part of BART’s work on combating climate change,” says Kourtney Nelson, Director in 3Degrees’ Energy & Climate Practice. “As a leader in the transportation sector, they have now set the bar for their peers.”

These projects, which are expected to come online by 2021, will provide about 90% of BART’s electricity needs, far exceeding BART’s goal of getting 50% of their energy from renewable sources by 2025. In addition, these projects will help both lower and stabilize BART’s energy costs.

 

3Degrees Adds April Salas to Board of Directors and Forms New Advisory Board

3Degrees Sign

April Salas3Degrees today announced the addition of energy industry expert April M. Salas to its Board of Directors, as well as the formation of a strategic Advisory Board. 

“We are so pleased to welcome April to our Board of Directors,” said Dan Kalafatas, Chairman of 3Degrees. “She has deep global experience in the public and private sector, where she has worked to transform the energy landscape toward a cleaner, equitable, and more resilient energy future. As 3Degrees enters into a next phase of growth, April’s contributions will help support our global expansion into new markets, products, and services, enabling us to partner with even more companies as they take urgent action on climate change.”

April brings nearly 20 years of public and private sector experience in global and domestic energy markets, rooted in energy systems analysis. Her broad industry knowledge covers a range of energy domains, including electric power, liquid fuels, natural gas, energy finance, distributed energy resources, technology integration, resilience, cyber security, energy equity, and sustainability. She currently serves as Executive Director of the Revers Center for Energy at Dartmouth College’s Tuck School of Business. 

Previously, April directed the White House’s Quadrennial Energy Review Task Force Secretariat, publishing more than 70 recommendations for the future of the nation’s energy system. She has also served in senior roles at the U.S. Department of Energy, including Director of the State Energy Assurance Program, where she worked with industry, state, and local energy officials, regulated utility commissioners, and state emergency management directors. In addition, April served as Chief of Planning and Analysis for all federal energy emergency responses with FEMA, including emergency response around the globe, and held roles at the United Nations, UNESCO, in corporate social responsibility, and in energy finance consulting. She has represented U.S. government interests at NATO, is leading dialogue on emerging technologies and society with the National Academy of Sciences Arab-American Frontiers program, and is presenting at the International Energy Agency on the role of behavioral change in the energy transition.

April holds four Master’s degrees — an MBA from Cornell University; an MBA in International Business from Queen’s University’s Smith School of Business; an M.A. in International Affairs, Conflict Resolution, and Civil Society Development from American University of Paris; and an M.A. in International Security and Economics from L’Institut Catholique de Paris, focused on energy poverty and development. A graduate of the College of William and Mary, she speaks Arabic, French, and Spanish. April has worked or lived in over 65 countries. 

“I am delighted to be joining the Board of Directors for 3Degrees, a true industry thought leader,” said April Salas. “I look forward to supporting the important work the company is doing to help companies and utilities decarbonize in ways that are transformative for the climate and the communities they serve.” 

In addition to expanding its Board of Directors, 3Degrees also announced the formation of an  Advisory Board. This Advisory Board will engage with the Board of Directors and executive leadership of 3Degrees in shaping its strategic direction. The inaugural members of the new group are executives Gilbert G. Campbell III, Britt Ide, and Luke Schneider, who will bring their substantial collective expertise in the renewable energy, mobility, grid electrification, utility, and energy equity spheres.

“I am pleased to welcome Gilbert, Britt, and Luke to the 3Degrees Advisory Board,” said Steve McDougal, CEO of 3Degrees. “Together they have decades of experience leading and advising transformational organizations along their decarbonization journeys. As 3Degrees rises to the urgency of this moment — marked by the accelerating climate crisis and a rapidly evolving energy landscape — their guidance will help us find new ways to serve our customers and maximize our impact.”

3Degrees Advisory Board members:

Gilbert CampbellGilbert Campbell is a leading voice in energy equity and the Co-Founder and CEO of Volt Energy, a national minority-owned renewable energy firm that finances and develops utility-scale, distributed generation, and community solar projects, electric-vehicle charging stations, and energy storage solutions for commercial, government, educational, and non-profit institutions. Gilbert serves on the Board of Directors at Solar Energy Industries Association (SEIA), American Association of Blacks in Energy (AABE), and is a Founding Member of Renewables Forward. Gilbert graduated Magna Cum Laude with a B.B.A in Finance from Howard University and received the White House Champions of Change Award from the Obama Administration in advancing climate change equity.


Britt Ide

Britt Ide has deep expertise on ESG in board governance and the utility of the future. Britt sits on the Board of Directors of NorthWestern Energy (NYSE: NWE), serving on its Governance and Innovation and Audit committees, and is also President of Ide Energy & Strategy, where she consults on energy, sustainability, climate, and ESG. Britt has over 25 years of experience as an engineering, legal, and business leader working on all sides of energy issues including with associations, industrial users, large commercial users, utilities, non-governmental organizations, developers, and regulators. Britt holds a B.S. in Mechanical Engineering, an M.S. in Environmental Engineering, and a Juris Doctor and serves on the Board of the Coalition for Green Capital, which creates green banks across the world to leverage public funding with private investment for climate solutions, and is an ambassador for the US Secretary of Energy’s Clean Energy, Education and Empowerment (“C3E”) program.


Luke SchneiderLuke Schneider has broad C-level experience at the forefront of next generation mobility. His experience includes guiding companies, ranging from start-ups to large enterprises, through major business milestones to scale. Currently the CEO of Refraction AI, a company building and deploying autonomous robotic platforms for last mile delivery in urban areas, Luke previously served as CEO of Silvercar, COO of wejo, Ltd, CTO at Zipcar, CTO at Flexcar, and has held various roles at Ford. Luke holds a B.S. in Mechanical Engineering from the University of Texas at Austin and an MSIA (MBA) in Industrial Administration from Carnegie Mellon. Luke currently serves on the board of directors of Plug Power Inc. (NASDAQ:PLUG), a hydrogen fuel cell company, and Iteris (NASDAQ:ITI), a smart mobility technology company.

3Degrees Joins CDP as a Global Renewable Energy Partner

Joining forces to further the vision of a world where it is universally more valuable to solve environmental problems than to create them.

CDP and 3Degrees are pleased to announce that 3Degrees is coming on board as a partner to bring renewable energy products and 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. During this time, 3Degrees has played a leadership role in the renewable energy sector and has been named an EPA Supplier of the Year eight times.

“Climate change crosses political and geographic boundaries, and so must our solutions. 3Degrees has been working on this important issue for over a decade,” says Kim Fiske, vice president of Renewable Energy Procurement. “This partnership with CDP will allow us to make a larger impact as we work to connect people and businesses with cleaner energy on a massive scale.”

This partnership represents a new opportunity for 3Degrees to leverage their industry experience and help organizations worldwide reduce their carbon footprints by making direct investments in renewable energy.

“We are excited to welcome 3Degrees as a Gold Renewable Energy Partner that will help our global network drive the transition to a low-carbon future through renewable energy procurement,” says Paul Robins, Head of Partnerships at CDP.  “3Degrees’ extensive expertise in this field will be a positive addition to CDP and will add great value to our responding companies.”

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