News Type: Press Release

3Degrees named Best Trading Company by Environmental Finance Readers

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. 

 

3Degrees announces request for proposals for equity audit

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equity audit3Degrees is seeking a third-party group to work with our diversity & inclusion committee, executive team, HR, and individual employees across the company to conduct an equity assessment/audit at the beginning of 2018, and provide recommendations to be incorporated into early 2018 goals. The full request for proposal, including instructions for submission and deadlines, can be downloaded here.

Background

At the end of 2016, we formed an employee-led diversity & inclusion committee and began forming company-wide goals for improvements in equity focused policies, processes and culture. We also created and submitted several goals to align with the BCorp Inclusion Challenge.

One of these goals centers specifically around completing an equity audit. Our hope is that this will include an assessment of our current efforts to create an equitable work environment for current and future employees as well as identify how to improve our recruitment practices to ensure maximum inclusion and build policies to better support equity through our partnerships with suppliers and vendors.

Although we’ve already implemented several diversity & inclusion trainings for employees, we recognize how important it is to establish an understanding of where we are at as a company. We’re confident that an equity audit will inform our goals and efforts moving forward.

3Degrees named “Best for the World” by B Lab

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In the top 10% of certified B Corporations worldwide for governance

3Degrees was recently honored for our accomplishments by B Lab, the nonprofit organization that certifies B Corporations. Specifically, we were recognized in the “Best for the World: Long Term” category as a result of our mission driven, transparent governance.

The 2017 Best for the World for the Long Term evaluates companies on their adoption of  a social or environmental mission, and how they engages employees, board members and the community to achieve that mission. Moreover, it assesses employee access to financial information, customers’ opportunities to provide feedback, and the diversity of the company’s governing bodies.

“Receiving this award from B Lab is testimony to one of our company values – that we are passionate about our mission…really,” said Steve McDougal, CEO of 3Degrees.  “It’s a great tribute to the work that our employees do every day to make sure that we live the values of the B Corp movement.”

Only the top 10 percent of Certified B Corporations received awards. 2017 Best for the Long Term companies winners represent 79 different industries and 13 countries.

This is the third time that 3Degrees has received a Best for the World award. In 2016, we won in the Best for the Environment category, and in 2013, we won  in the Best for the Worker category.

3Degrees has been a certified B Corp since 2012 and continually strives to improve our performance across all metrics, including social and environmental performance, accountability, and transparency.

 

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.

 

 

3Degrees expands partnership with CDP

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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 helps Akamai drive down emissions

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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

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.

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(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 and Origin Climate Unite

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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.”