Renewables Center Launched with BD, Bloomberg, eBay, GM, HP, Kaiser Permanente, Salesforce, Sprint
(3BL Media/Justmeans) â Nearly half of Fortune 500 corporations are already committed to making a shift to renewable energy in order to reduce their environmental footprint, improve their corporate sustainability profile, and support their bottom line. These companies can benefit if there is a collaborative platform to help them lock in long-term competitive prices for clean energy to make the shift more economically viable.
Looking into this need, the Rocky Mountain Institute (RMI) has launched a Business Renewables Center (BRC), which brings together corporate renewable energy buyers, project developers, and transaction service providers under a single roof. The goal of the BRC will be to remove the key hurdles that typically prevent companies from strengthening their renewable energy profiles. BRC believes that it could add 60 GW of wind and solar capacity to the grid over the next 10 to 20 years, which will nearly double the currently installed capacity in the U.S.
The BRC founding corporate buyers include BD, Bloomberg, eBay, GM, HP, Kaiser Permanente, Nestle Waters North America, Owens Corning, Salesforce, Sprint and VF Corporation. These founding members have a total of over $430 billion in revenue and more than 24 TWh in electricity consumption every year. Rob Threlkeld, manager of renewable energy at GM, said that the collaborative effort of the BRC will allow each member immediate access to the cumulative knowledge of the industry, and make it easier for companies to enter the renewables market.
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. John DiDonato, vice president of wind development at NextEra Energy Resources, said that the new center will bring project developers closer to corporate buyers and help them better understand their needs.
The BRC founding transaction service providers include Altenex, Climate Friendly, CustomerFirst Renewables, Origin Climate, Renewable Choice Energy, Renewable Power Direct and Wilson Sonsini Goodrich & Rosati. Quayle Hodek, CEO of Renewable Choice Energy, said that the establishment of the BRC is a testament to the increasing appetite of corporations for easily adoptable, clean energy solutions.
Image Credit: Flickr via Ramanathan K.