Quantcast
Business

Business Renewables Center Makes It Easier to Invest in Clean Energy

Nearly two-thirds of Fortune 100 and nearly half of Fortune 500 companies have commitments to shift to renewables. Now these companies are seeking the best way to source renewable energy and have the potential to significantly grow the renewable energy market. Corporations can be a powerful lever for expanding renewable energy in the U.S. and beyond. They can lock in long-term affordable prices for clean energy that supports the bottom line, reduce their carbon footprint and fulfill their corporate sustainability commitments.

The collaborative effort of the BRC will make it easier for corporations to enter the renewables market.

Major corporations such as Google, Apple, Microsoft and Walmart have made major strides in purchasing renewable energy. This group of trailblazers has purchased more than 1 GW of renewable power in the past year. However, we also know that for every deal that succeeds, there have also been a number of deals left on the cutting room floor that have not made it through due to the high transaction cost and complexity of large-scale renewables transactions. That’s why today Rocky Mountain Institute publicly announced the launch of the Business Renewables Center (BRC).

Born of early industry engagements, validated by a Bloomberg New Energy Finance FiRE award, further informed by an NGO corporate renewable energy partnership, and ultimately guided by its membership that includes corporate renewable energy buyers, renewable energy project developers and transaction service providers, the BRC will remove the main obstacles preventing corporations from building renewables into their energy profiles. We believe we can add another 60 GW of wind and solar capacity to the grid by 2035, even possibly 2025, which will nearly double installed U.S. capacity.

Totaling more than USD 430 billion in revenue and more than 24 TWh in electricity consumption per year, the BRC founding corporate buyers include Becton, Dickinson, and Co., Bloomberg, eBay, GM, HP, Kaiser Permanente, Nestle Waters North America, Owens Corning, Salesforce.com, Sprint and VF Corporation.

“The collaborative effort of the BRC will make it easier for corporations to enter the renewables market. Instead of having hundreds of corporations reinvent the wheel, each member can get immediate access to the cumulative knowledge and wisdom of the industry. Each problem only needs to get solved once,” says Rob Threlkeld, manager of renewable energy at GM.

The BRC founding project developers include Apex Clean Energy, E.ON-Climate and Renewables North America, FirstSolar, Invenergy, NextEra Energy Resources, NRG Energy, OneEnergy Renewables, OwnEnergy and SunEdison.

“The BRC brings us closer to corporate buyers and helps us better understand their needs. It allows us to focus our time on where we, as developers add the most value—building new projects that supply renewable energy,” says John DiDonato, vice president of wind development at NextEra Energy Resources.

The BRC founding transaction service providers include Altenex, Climate Friendly, Customer First Renewables, Origin Climate, Renewable Choice Energy, Renewable Power Direct and Wilson Sonsini Goodrich & Rosati.

“The next decade will be a watershed for U.S. renewables. The establishment of the BRC is a testament to explosive industry growth and to the increasing appetite of corporations for easily adoptable, clean power solutions. Through collaborative efforts, the BRC is an exciting resource for everyone in the industry and for our clients,” says Quayle Hodek, CEO of Renewable Choice Energy.

YOU MIGHT ALSO LIKE

Robert Redford: Fossil Fuels Need to Stay in the Ground, Renewable Energy Is the Future

Parents, Teachers and Students Ask School Districts to Go 100% Renewable Energy

Bloomberg Philanthropies Launches $48M Initiative to Cut Carbon and Spur Investments in Renewables

Show Comments ()
Sponsored
GMO
Soy plants. Pixabay

Mexico Revokes Monsanto's Permit to Market GMO Soy in Seven States

Monsanto has lost its permit to commercialize genetically modified (GMO) soy in seven Mexican states, Reuters reported.

Mexico's agriculture sanitation authority SENASICA revoked the permit—a decision that the St. Louis-based seed giant called unjustified.

Keep reading... Show less
Renewable Energy
Puerto Rico National Guard / Flickr

This Brilliant Initiative Is Sending 100 Solar Trailers to Puerto Rico for Free

A remarkable collaborative effort to deploy portable solar energy systems to relieve critical areas in Puerto Rico is well underway.

The "Power On Puerto Rico" project from the Amicus Solar Cooperative, a nationwide solar energy cooperative, and Amurtel, an international disaster relief nonprofit, is sending 100 off-grid Solar Outreach Systems (SOS) to the storm-battered island.

Keep reading... Show less
Popular
Rebecca Gruby, CC BY-ND

To Succeed, Large Ocean Sanctuaries Need to Benefit Both Sea Life and People

By Rebecca Gruby, Lisa Campbell, Luke Fairbanks and Noella Gray

There is growing concern that the world's oceans are in crisis because of climate change, overfishing, pollution and other stresses. One response is creating marine protected areas, or ocean parks, to conserve sea life and key habitats that support it, such as coral reefs.

In 2000, marine protected areas covered just 0.7 percent of the world's oceans. Today 6.4 percent of the oceans are protected—about 9 million square miles. In 2010, 196 countries set a goal of protecting 10 percent of the world's oceans by 2020.

Keep reading... Show less
iStock

Geoengineering Could Create More Problems Than It Could Solve

By Tim Radford

Geoengineering—the untested technofix that would permit the continued use of fossil fuels—could create more problems than it could solve.

By masking sunlight with injections of sulphate aerosols in the stratosphere, nations could perhaps suppress some of the devastating hurricanes and typhoons that in a rapidly warming world threaten northern hemisphere cities. But they could also scorch the Sahel region of Africa, to threaten millions of lives and livelihoods, according to new research.

Keep reading... Show less
Sponsored
Renewable Energy
Tesla's massive Powerpack battery system in South Australia is charged by a nearby wind farm. Tesla

Tesla Finishes Building World's Largest Battery Month and a Half Ahead of Schedule

Elon Musk has won an audacious bet he made back in March to build a battery system for South Australia in “100 days from contract signature or it is free."

The 100-megawatt Powerpack system is the world's largest, or three times bigger than Tesla and Edison's battery at Mira Loma in Ontario, California.

Keep reading... Show less
Adventure

REI Urges Customers to #OptOutside on Black Friday

BY Connor McGuigan

REI will once again shutter its doors on Black Friday as part of its #OptOutside campaign, which encourages people to forgo bargain-hunting and spend America's busiest shopping day outside. The outdoor retailer will also suspend online sales and provide all 12,000 employees with a paid day off to enjoy the outdoors.

Keep reading... Show less
Sponsored

Blocked From Discussing Climate Change, Valve-Turner Faces 10 Years in Prison After Felony Conviction

By Julia Conley

After a judge refused to allow him to share his reasons for shutting off a tar sands pipeline valve in a protest of fossil fuel mining, 65-year-old climate activist Leonard Higgins was found guilty of criminal mischief—a felony—and misdemeanor criminal trespass. Higgins faces up to 10 years in jail and as much as $50,000 in fines.

"I'm happy for the opportunity to share why I had to shut down this pipeline, and I really appreciate the time and dedication of the jury and the judge," Higgins said. "I was disappointed and surprised by the verdict, but even more disappointed that I was not allowed a 'necessity defense,' and that I wasn't allowed to talk about climate change as it related to my state of mind. When I tried to talk about why I did what I did I was silenced. I'm looking forward to an appeal."

Keep reading... Show less
Climate
iStock

How to Talk to Your Relatives About Climate Change: A Guide for the Holidays

By Abigail Dillen

Most people who know me are too polite to question climate change when I'm around, but there are relatives and old family friends who hint at the great divide between their worldviews and mine. I think they sincerely believe that I would crush the economy forever if I had my way. On the other end of the spectrum are friends and family who are alarmed by climate and genuinely want to know what we and our elected officials can do about it. But no matter who's in the mix, it's hard to bring my work home for the holidays. Most of the time it feels easier to leave our existential crisis unmentioned.

Keep reading... Show less
Sponsored

mail-copy

The best of EcoWatch, right in your inbox. Sign up for our email newsletter!