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RENEW Energy Partners Named 2025 Climate Finance Innovator Award from U.S. Department of Energy
RENEW Energy Partners Named 2025 Climate Finance Innovator Award from U.S. Department of Energy
Boston, MA – May 1st, 2025 – RENEW Energy Partners has been named a 2025 Climate Finance Innovator Award recipient by the U.S. Department of Energy’s Better Buildings Initiative. This annual award recognizes organizations pioneering new approaches to financing that accelerate decarbonization across the built environment.
RENEW was honored for its creative use of an Energy Services Agreement (ESA), a funding structure that allows organizations to move forward with comprehensive energy upgrades without the need for upfront capital. By converting capital expenditures into operating expenses, RENEW’s model makes it possible for clients to implement energy solutions while preserving their balance sheet for core business investments.
“Receiving this award for the second time is a powerful validation of the model and team we’ve built,” said Charlie Lord, Managing Principal and Co-Founder at RENEW Energy Partners. “We’re proud to bridge the gap between ambition and action by making it financially possible to get started on energy optimization today.”
Through its ESA structure, RENEW funds, builds, owns, and operates energy infrastructure, offering clients a turnkey solution that aligns financial outcomes with sustainability goals.
RENEW Energy Partners joins a distinguished group of organizations honored for advancing the financial tools that will drive the next generation of climate solutions.
Media Contact:
Nicole Wilson
Senior Business Development Associate
978-496-6867
Act Now: Inflation Reduction Act Deadlines and What They Mean for Microgrid Projects
The clock is ticking for taking advantage of the IRA 30-50% Investment Tax Credit for CHP and Microgrid projects. Here is some crucial information that could significantly impact the trajectory of sustainable energy projects in 2024. The recent updates in the Inflation Reduction Act (IRA) present a golden opportunity for you to maximize benefits and contribute to a cleaner, more sustainable future. In order to meet critical deadlines for achieving these benefits, it is important to act now!
Key Highlights of the Inflation Reduction Act
- Combined Heat and Power(CHP) Property
- The IRA introduces an ITC for qualifying Combined Heat and Power (CHP) system property that commences construction before January 1, 2025. This includes capacity, efficiency, and other limitations that apply for CHP eligibility.
- Microgrid Controllers
- The IRA has also included microgrid controllers as eligible property for the ITC.
- A “microgrid controller” is defined as equipment that is part of a qualified microgrid, designed to monitor and control energy resources and loads on the microgrid.
- A “qualified microgrid” is an electrical system capable of generating 4 kilowatts to 20 megawatts of electricity, operating in connection with and independently from the electrical grid, and not part of a bulk-power system.
- It’s important to note that the definition of a microgrid, for ITC eligibility, applies specifically to the microgrid controller rather than the microgrid as a whole.
- Base and Bonus Credits
- For projects under 1 MW, the 30% ITC base rate is automatic. For projects over 1 MW, the 30% ITC can be achieved by meeting apprenticeship and prevailing wage requirements.
- There are 10% bonus credits each for domestic content and projects in “energy communities”
- Check Your Site’s Eligibility!
- Curious to know if your site qualifies as an Energy Community? Explore this interactive map provided by the Department of the Environment – [IRA Energy Community Tax Credit Bonus]
- Clean Energy Projects
- Projects starting construction before the end of 2024, including CHP, solar, battery storage, microgrid controllers, microturbines, fuel cells, and biogas, qualify for the 30%+ ITC.
- Safe harbor rules enable projects to qualify for full credits by spending 5% of project costs before the end of 2024, extending the construction period into 2025.
Why Act Now?
To make the most of these incentives, it is imperative for our customers to execute contracts with Renew Energy Partners now. By doing so, we can deploy the 5% Safe Harbor on your project, ensuring you can still receive the maximum ITC percentage outlined in the IRA.
Renew Energy Partners’ Webinar on February 29th
We invite you to join a webinar on February 29th, with the Combined Heat and Power Alliance, where industry experts will delve into the intricacies of the Inflation Reduction Act, providing valuable insights into how you can leverage these opportunities for your projects. Emily Robertson, Business Development Lead for Microgrids with Renew Energy Partners will share more about how to take advantage of Renew’s services to secure the 5% Safe Harbor in 2024 and be able to take advantage of the full ITC by deploying your project in 2025. Don’t miss this chance to gain a competitive edge and contribute to a sustainable future. Click this link to join us!
Act Today, Reap Tomorrow
Renew Energy Partners is committed to empowering building owners to decarbonize their buildings and contribute to a greener planet. Act now, execute your contracts, and secure your place in a cleaner, more sustainable future.
RENEW Energy Partners, Edison Energy, and M2030 Join Forces for Climate Week NYC 2023
NEW YORK, NEW YORK, UNITED STATES, September 18, 2023/EINPresswire.com/ — Edison Energy, Renew Energy Partners, and M2030 are thrilled to announce their collaborative presence at Climate Week NYC 2023. Together, they will co-host “Implementing Net-Zero Roadmaps: Overcoming Financial Hurdles.” This engaging event is slated for September 20, 2023, and will take place at the Yale Club of New York City.
This joint effort is designed to illuminate the financial challenges inherent in implementing net-zero roadmaps and potential solutions to those challenges. Featuring sustainability leaders at Bristol-Myers Squibb and GlaxoSmithKline, and moderated by MacArthur Genius Award winner Majora Carter, the upcoming roundtable discussion will provide valuable insights and actionable strategies for navigating and conquering corporate climate challenges.
“We take great pride in bringing our tripartite partnership to Climate Week NYC 2023,” expressed Charlie Lord at RENEW. “Our collective commitment to surmounting financial barriers and implementing net-zero roadmaps underscores our dedication to confronting the climate crisis head-on. We look forward to engaging in meaningful discussions and sharing innovative solutions.”
This event follows the launch of the Accelerate℠ Program—an innovative, $300 million flexible funding initiative dedicated to the decarbonization of supply chains throughout North America. The program harnesses Edison Energy’s industry-leading expertise in designing and implementing decarbonization roadmaps, RENEW’s capital commitment to fund energy efficiency and clean energy solutions, and M2030’s innovative platform that leverages artificial intelligence to streamline GHG (Greenhouse Gas) emissions data collection and sharing.
The Accelerate℠ Program has already presented decarbonization plans to leading automotive suppliers. The program offers flexible funding structures, including Power Purchase Agreements and Energy-as-a-Service agreements, for a diverse range of behind-the-meter carbon reduction projects.
“The theme of this year’s Climate Week NYC is ‘We Can. We Will,’ reflecting our collective determination in forging a path towards a more sustainable future,” said Drew Murphy, CEO of Edison Energy. “This continues to drive our partnership with RENEW and M2030, as we help companies across the value chain reduce emissions and meet their sustainability targets. Ultimately, our goal is to leverage innovative solutions to help our clients move from vision to implementation in a way that creates value and impact.”
“Research shows that access to flexible finance is one of the 4 big hurdles suppliers face in decarbonizing their operations and product,” expressed Martin Chilcott at M2030. “Our partnership with RENEW and Edison has started to provide suppliers using our platform with off-balance sheet funding for asset up-grades and onsite solar. The impact of this flexible funding has surprised everyone. In one manufacturing facility, it promises to reduce emissions by as much as 30%. Finance is key, especially for SME manufacturers.”
For more detailed information about the Accelerate℠ Program: https://www.edisonenergy.com/accelerate-funding/
RENEW Energy Partners is a decarbonization firm that provides turnkey solutions for funding, installing, and managing energy-efficiency and on-site clean energy projects. The company helps building owners meet regulatory and consumer demands to reduce their carbon footprint, while saving money and making their buildings cleaner and more resilient. For more information, visit www.renewep.com.
Manufacture 2030 provides global brands, corporations and their small and medium-sized suppliers with the data, tools and support they need to be certain they can hit their GHG emissions reduction targets. Its unique AI-powered software platform and support services help measure, manage, and reduce emissions across global supply chains. For more information, visit www.manufacture2030.com
Edison Energy LLC (DBA in Europe as Altenex Energy and Alfa Energy) is a global energy and sustainability advisory that provides strategy and implementation services to help large corporate, industrial, and institutional clients navigate the transition to a net-zero future. With the recent integration of Edison, Altenex, and Alfa into one global company, we bring the strength of combined expertise across energy procurement, optimization, renewables, and sustainability solutions. For more information, visit www.edisonenergy.com.
SOURCE: EIN Presswire
The RENEW Master Service Agreement allows businesses to focus on what they do best, while ensuring that their facilities are performing at their peak with brand new, and high-efficiency equipment. In this current climate of cost control and resource allocation, the energy service agreement is the perfect solution to help businesses meet sustainability goals and keep facilities in top condition. Reach out to RENEW and talk to us about financing your energy saving retrofits today.
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Bio
Hubbard has more than 25 years of experience in the mutual fund and investment management industries. His background encompasses consulting, research and investment banking within the financial services sector.
Mason is a consultant advising clients on energy matters. He is a director of the California Clean Energy Fund, and served as chair of the Board of Governors of the California Independent System Operator from 2005 through 2010.
Previously, Mason was a partner of Nth Power, a venture capital firm focused on clean energy technology and founder and chairman of EnergyWorks LLC, a joint venture of PacifiCorp and Bechtel Group which provided combined heat and power to industrial firms in less developed countries, which was sold in 1998. From 1979 through 1994, Mason was CEO of PG&E Enterprises and other executive positions at PG&E, including executive vice president.
Prior to joining PG&E, he was in academia as Professor of Law at the University of Virginia, and as Director, International Relations, at The Rockefeller Foundation. He is author or co-author of ten books and numerous articles on international security issues and energy policy. During the Kennedy/Johnson administrations he was assistant general counsel of the U.S. Arms Control and Disarmament Agency, serving on U.S. delegations for nuclear arms control negotiations in Geneva and Vienna.
Mason has served as Senior Advisor, MIT Energy Innovation Project; Trustee, Winrock International; a member of the Advisory Councils of the National Renewable Energy Laboratory and the Electric Power Research Institute; and a Director at Resources for the Future.
After college, Willrich served in the U.S. Air Force, including as a pilot in Strategic Air Command. Receiving a B.A., Phi Beta Kappa, from Yale University and a J.D., Law Review, from University of California, Berkeley, he was a Guggenheim Memorial Fellow in 1973.
Cary has led numerous major energy technology and energy service companies. He co-founded Excelergy Corporation and Econoler/USA, was a founding member of FPL Services and NSP Power Services and was an owner of Xenergy Inc. In addition, he has helped launch several other companies that developed, built and financed major energy cost reduction projects for utilities and commercial, industrial and institutional clients.
His past leadership positions include Chief Executive Officer, President and Chairman of Thermoenergy Corporation; Chief Executive Officer of ThermoEnergy Power Systems LLC; President of Castion Corporation; President and Chief Executive Officer of GreenFuel Technologies Corporation; Chairman, Chief Executive Officer and President of Excelergy Corporation; President of KENETECH Energy Management; Chairman and Chief Executive Officer of Econoler/USA; and Vice President of Engineering and Operations of Xenergy.
In addition, Cary has served on numerous Boards of Directors of energy and investment related companies and has served as an advisor to many early stage companies. Mr. Bullock was named by Hart’s Energy Markets as one of the top 100 most influential industry leaders in the gas and electric industry in the 20th century.
He holds a BS and MS in Electrical Engineering from the Massachusetts Institute of Technology and a BS in physics from Amherst College.
Prior to joining Renew Energy Partners, Michael was a solar developer for US SolarWorks, where he worked with Commercial and Industrial customers to reduce on-site electricity consumption through PV distributed generation projects in the New England area.
Michael was the first student at the University of Rhode Island to join the undergraduate Green Business dual degree program, which allowed students to receive degrees in both General Business and Environmental and Natural Resource Economics in four years. Here, he focused his studies in Sustainability and Green Markets.
While at The University of Rhode Island, Michael was selected for the Rhode Island Energy Fellow program. Through this fellowship, he worked with the Rhode Island Renewable Energy Fund and the Office of Energy Resources to develop the first Rhode Island Solarize program.
Ani received his Master’s Degree in Energy Systems from Northeastern University, where he worked as an Investment Analyst at Greentown Labs, served as President of the Energy System Society at NEU, and received the the Outstanding Student Leadership Award two years in a row.
Doug served as a special advisor to Mayor Michael Bloomberg and his office in the development of PlaNYC, the City’s sustainability plan, which commits to reducing greenhouse gas emissions by 30 percent (while adding a million new residents) by 2030. Doug’s consulting firm, Serrafix, then worked with the Mayor’s staff to develop a detailed analysis of implementation challenges and recommended solutions. Serrafix has also worked with other cities throughout the nation on commercial and industrial sector energy efficiency strategies.
Prior to founding Serrafix, Douglas was Secretary of Commonwealth Development in the cabinet of Massachusetts Governor Mitt Romney, where he oversaw transportation, housing, environment and energy agencies with combined annual capital budgets of $5 billion and a total workforce exceeding 11,000. This unique position enabled him to put into practice policy approaches he developed over twenty-five years as head of the Conservation Law Foundation, New England’s premier environmental advocacy organization.
Doug holds a BS from Princeton University and JD from Harvard Law School.
Prior to RENEW, Charlie was at C-Quest Capital, LLC (CQC) a carbon finance business dedicated to originating and developing high-quality emission reduction projects that provide superior returns for investors and energy services to low-income communities in Africa, India and Latin America. Charlie helped launch CQC’s Global Cook Stoves Program.
Prior to C-Quest, Charlie was a principal at SCRC, an investment manager focusing on sustainable infrastructure (energy, waste and water), with an emphasis on emerging markets. Charlie also founded and scaled two social ventures, including Alternatives for Community & Environment (ACE), the largest environmental justice center in the Northeast, where he served as Co-Director until 1998 and on the Board until 2004. In 1998, Charlie founded the Urban Ecology Institute at Boston College, and served as its Executive Director until 2008. Charlie taught in the Environmental Studies Program at Boston College until 2010.
He has published numerous articles on environmental law, environmental justice and environmental policy. After graduating from Yale University and the University of Virginia School of Law, Charlie clerked on the United States Court of Appeals for the District of Columbia Circuit. Charlie is a recipient of the Echoing Green Fellowship and Barr Foundation Fellowship and was Editor-in-Chief of the Virginia Law Review.
Steve was President/COO for I-Group, LLC, a private family equity company with a portfolio of diverse businesses including a $1.8 billion real estate and infrastructure development joint venture with the Bahamian government.
Prior to I-Group, he was the executive leader of the emergency “Stem to Stern” Safety Review of the Boston Metropolitan Highway System project (“Big Dig”) mandated by law following a July 2007 tunnel ceiling collapse, reporting directly to Governor Mitt Romney of Massachusetts. Steve was tapped for that post while serving in the Governor’s cabinet as Secretary of Environmental Affairs.
Before going into state government, he was the Vice President for Project Development for Infrastructure Development Company LLC and Vice President of Operations for Intercontinental Energy Corporation, leading both operations and project development for a portfolio of independent power projects specializing in clean, efficient combined cycle natural gas fired power production facilities. Steve also previously worked as a Senior Engineer, Plant Engineering Supervisor and Operations General Supervisor for Constellation Energy.
He holds a BS in mechanical engineering from Northeastern University and an MBA in Finance from Loyola University in Maryland, and is a registered Professional Engineer.