Patagonia to Fund Rooftop Solar Installations on 1,500 Homes
While many major retailers—including Apple, IKEA and recently Whole Foods—are investing in solar to supply their own businesses with power, Patagonia wants you to have this clean, green renewable energy yourself.
The outdoor clothing and gear company is bringing rooftop solar to 1,500 homes in Arizona, California, Connecticut, Delaware, Maryland, Massachusetts, New Jersey and New York.
The company made the announcement Thursday in a blog post:
Led by Patagonia and Kinaʻole Capital Partners, LLC, a first-of-its-kind group of five certified B-Corporations has come together to create a $35 million tax equity fund that will make the benefits of solar power available to more than a thousand U.S. households. The new fund uses state and federal tax credits to direct Patagonia’s tax dollars for residential development of affordable, efficient Sungevity solar energy systems.
The five B Corporations involved in the project are: Patagonia, which will be the tax equity investor; Kinaʻole, as the fund manager; New Resource Bank and Beneficial State Bank as lenders; and Sungevity, Inc., as the project developer.
“We’re doubling down on an investment strategy that brings great financial returns while supporting the clean energy economy,” Patagonia CEO Rose Marcario said in the announcement. “B Corps know how to make money while creating broader benefits—but any company would be smart to leverage their tax dollars this way. I hope others take advantage of a great opportunity.”
.@BCorporation group investment brings solar to 1,500 homes in 8 states; The Cleanest Line: https://t.co/hfYlXKivde https://t.co/b96P60XzjD— Patagonia (@Patagonia)1457636229.0
According to the New York Times, tax equity investing is a type of transaction that limits the pool of investors for clean energy development:
Financiers of solar projects are entitled to a tax credit worth 30 percent of a project’s cost, but not all developers have enough profit to use it.
Over the years, some large companies like Google have taken advantage of the approach by investing in a variety of clean energy installations, as have retail chains like Walmart and Costco, which have the roof space to put in panels for their own energy needs.
Marcario learned of tax equity investing through a solar developer she knows. However, instead of installing rooftop panels onto her own stores, she decided Patagonia should help families get over the steep costs of residential solar instead.
The homeowners taking part in the venture will pay no up-front costs as they will sign a power purchase agreement (PPA) to buy solar energy for less than their utility’s rates. Any surplus power the panels generate will be sold back to the utility.
We're teaming up with @patagonia & fellow b corps to finance 1500+ residential solar installations! https://t.co/nJitwcXw5B #BtheChange— Sungevity (@Sungevity)1457635233.0
In all, the rooftop systems installed through Patagonia's new solar fund are expected to produce 200 million kilowatt hours (kWh) of electricity over the solar installation's typical 20-year life span. That translates to the displaced consumption of 325,000 barrels of oil, or the equivalent to taking 30,000 cars off the road and 140,000 tons of greenhouse gas emissions, the company said.
The investment was made through Patagonia’s $20 Million & Change venture fund that invests in companies making positive impacts on the environment. Impressively, this is already the second solar fund Patagonia has started. Through $20 Million & Change, the company established a $27 million solar fund with Kinaʻole and brought solar PV systems to 1,000 residential homes in Hawaii in 2014.
Certified B Corporations are companies that use the power of business to solve social and environmental problems and to meet higher standards of social and environmental performance, transparency and accountability.
“I hope that other companies that are interested in having a positive impact will look at this as a model,” Marcario told the New York Times. She added that the faster clean energy takes off, “the better off we all are going to be.”
Patagonia is gaining a reputation for their environmental philanthropy. The company established the Traceable Down Standard which means their clothes feature only 100 percent Traceable Down that never comes from live-plucked or force-fed birds. Patagonia is also ditching toxic fluorocarbon chemicals, or polyfluorinated chemicals (PFCs), which make garments water- and soil-resistant, but also happens to be terrible for our health and the environment.
.@Patagonia Invests in Textile Company in Hopes of Ditching Toxic Chemicals in Outerwear http://t.co/19xKC8k1vQ http://t.co/tVYYahasaw— EcoWatch (@EcoWatch)1428069055.0
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If weather is your mood, climate is your personality. That's an analogy some scientists use to help explain the difference between two words people often get mixed up.
Size Matters<p>Climates are a bit like woven tapestries. The big picture is important, no question. But so are all the seemingly minor details found inside the larger whole.</p><p><a href="https://research-information.bris.ac.uk/en/persons/tommaso-jucker" target="_blank">Tommaso Jucker</a> is an environmental scientist at the University of Bristol. In an email, Jucker says he'd define the term microclimate as "the suite of climatic conditions (temperature, rainfall, humidity, solar radiation) measured in localized areas, typically near the ground and at spatial scales that are directly relevant to ecological processes."</p><p>We'll talk about that last bit in a minute. But first, there's another criteria to discuss. According to some researchers, a microclimate — by definition — must differ from the larger area that surrounds it.</p><p><a href="https://www.cfc.umt.edu/research/paleoecologylab/publications/Davis_et_al_2019_Ecography.pdf" target="_blank">Forests</a> provide us with some great examples. "The climate near the ground in a tropical rainforest is dramatically different from the climate in the canopy 50 meters [164 feet] above," says University of Montana ecologist <a href="https://www.cfc.umt.edu/personnel/details.php?ID=1110" target="_blank">Solomon Dobrowski</a> in an email. "This vertical gradient among other factors allows for the staggering biodiversity we see in the tropics."</p><p>Likewise, scientists observed that a 2015 partial <a href="https://animals.howstuffworks.com/insects/bees-stopped-buzzing-during-2017-solar-eclipse.htm" target="_blank">solar eclipse</a> caused the air temperature of an Eastern European meadow to <a href="https://rmets.onlinelibrary.wiley.com/doi/full/10.1002/wea.2802" target="_blank">change more dramatically</a> than it did in a nearby forest. That's because trees provide not only shade, but their leaves also reflect solar radiation. At the same time, forests tend to reduce wind speeds.</p><p>All those factors add up. A 2019 review of 98 wooded places — spread out across five continents — found that forests are 7.2 degrees Fahrenheit (4 degrees Celsius) <a href="https://natureecoevocommunity.nature.com/posts/47363-forests-protect-animals-and-plants-against-warming" target="_blank">cooler on average</a> than the areas outside them.</p><p>Now if you hate the cold, don't worry; there's a cozy exception to the rule. According to that same study, forests are usually 1.8 degrees Fahrenheit (1 degree Celsius) warmer than the external environment during the wintertime. Pretty cool.</p>
A Bug's Life<p>When does a microclimate stop being, well, micro? In other words, is there a maximum size we should be aware of when discussing them?</p><p>Depends on who you ask. "In terms of horizontal scale, some have defined 'microclimate' as anything that is less than 100 meters [328 feet] in range," Jucker says. "I'm personally less prescriptive about this."</p><p>Instead, he says the "scale at which we want to measure [a particular] microclimate" ought to be "dictated" by the questions we're trying to answer.</p><p>"If I want to know how temperature affects the photosynthesis of a leaf, I should be measuring temperature at centimeter scale," Jucker explains. "If I want to know if and how temperature affects the habitat preference of a large, mobile mammal, it's probably more relevant to capture temperature variation across [tens to hundreds] of meters."</p><p>For instance, solitary plants have the power to generate itty-bitty microclimates. Just ask <a href="https://www.colorado.edu/geography/peter-blanken-0" target="_blank">Peter Blanken</a>, a geography professor at the University of Colorado, Boulder and the co-author of the 2016 book, "<a href="https://amzn.to/2XN6FT8" target="_blank">Microclimate and Local Climate</a>."</p>
The urban heat island effect is a good example of how microclimates work. NOAA
Microclimates on a Grand Scale<p>It's no secret that our planet is going through some rough times at the macro level. The global temperature is <a href="https://climate.nasa.gov/vital-signs/global-temperature/" target="_blank">climbing</a>; nine out of the <a href="https://www.noaa.gov/news/2019-was-2nd-hottest-year-on-record-for-earth-say-noaa-nasa" target="_blank">10 hottest years on record</a> have occurred since 2005. And by one recent estimate, roughly 1 million species around the world are <a href="https://ipbes.net/sites/default/files/2020-02/ipbes_global_assessment_report_summary_for_policymakers_en.pdf" target="_blank">facing extinction</a> due to human activities.</p><p>"One of the big questions that ecologists and environmental scientists are trying to answer right now is how will individual species and whole ecosystems respond to rapid climate change and habitat loss," says Jucker. "...To me, [microclimates are] a key component of this research — if we don't measure and understand climate at the appropriate scale, then predicting how things will change in the future becomes a lot harder."</p><p>Developers have long understood the impact small-scale climates have on our daily lives. <a href="https://science.howstuffworks.com/environmental/green-science/urban-heat-island.htm#pt0" target="_blank">Urban heat islands</a> are cities that have higher temperatures than neighboring rural areas.</p><p>Plants release vapors that can moderate local climates. But in cities, natural greenery is often scarce. To make matters worse, plenty of our roads and buildings have a bad habit of absorbing or re-emitting heat from the sun. <a href="https://www.google.com/books/edition/Microclimate_and_Local_Climate/LHUZDAAAQBAJ?hl=en&gbpv=1&bsq=urban%20heat%20island" target="_blank">Vehicle emissions</a> don't exactly help the situation.</p><p>Still, it's not like Boston or Beijing are thermal monoliths. Sometimes, the documented temperatures <a href="https://e360.yale.edu/features/can-we-turn-down-the-temperature-on-urban-heat-islands" target="_blank">within a single city</a> vary by 15 to 20 degrees Fahrenheit (8.3 to 11.1 degrees Celsius).</p><p>That's where metro parks and city trees come in. They have nice cooling effects on nearby neighborhoods. "Several cities around the world have developed programs to increase urban green spaces," says Blanken. "Tree planting programs and green roof programs, have been shown to lower surface temperatures, decrease air pollution and decrease surface water runoff (urban flash-flooding) in urban areas."</p>
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If asked to recall a hurricane, odds are you'd immediately invoke memorable names like Sandy, Katrina or Harvey. You'd probably even remember something specific about the impact of the storm. But if asked to recall a heat wave, a vague recollection that it was hot during your last summer vacation may be about as specific as you can get.
<div id="ecf36" class="rm-shortcode" data-rm-shortcode-id="c2dcc9d48a6cd61f247df1544539a783"><blockquote class="twitter-tweet twitter-custom-tweet" data-twitter-tweet-id="1290959314132361216" data-partner="rebelmouse"><div style="margin:1em 0">Naming heatwaves is a good idea—making the abstract concrete, the invisible visible. Why should hurricanes and wild… https://t.co/hDWgYb79Ob</div> — Ed Maibach (@Ed Maibach)<a href="https://twitter.com/MaibachEd/statuses/1290959314132361216">1596623660.0</a></blockquote></div>
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One of the challenges of renewable power is how to store clean energy from the sun, wind and geothermal sources. Now, a new study and advances in nanotechnology have found a method that may relieve the burden on supercapacitor storage. This method turns bricks into batteries, meaning that buildings themselves may one day be used to store and generate power, Science Times reported.
Bricks are a preferred building tool for their durability and resilience against heat and frost since they do not shrink, expand or warp in a way that compromises infrastructure. They are also reusable. What was unknown, until now, is that they can be altered to store electrical energy, according to a new study published in Nature Communications.
The scientists behind the study figured out a way to modify bricks in order to use their iconic red hue, which comes from hematite, an iron oxide, to store enough electricity to power devices, Gizmodo reported. To do that, the researchers filled bricks' pores with a nanofiber made from a conducting plastic that can store an electrical charge.
The first bricks they modified stored enough of a charge to power a small light. They can be charged in just 13 minutes and hold 10,000 charges, but the challenge is getting them to hold a much larger charge, making the technology a distant proposition.
If the capacity can be increased, researchers believe bricks can be used as a cheap alternative to lithium ion batteries — the same batteries used in laptops, phones and tablets.
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