Adam L. Masser’s Post

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COO @ Ivy Energy || Climatebase Fellow || Tech, Law, Sustainability

I just had to share this— I have heard a few folks recently say that ESG is dead—that it doesn’t work, it’s greenwashing, maybe investors don’t even really care. This new program by Arcadia, Google and EDP Renewables demonstrably proves that is a false narrative; it shows an effective combination of sustainability, economic value, and social benefit— ✅ 500MW of solar gets built—helping to decarbonize the grid. ✅ Google (presumably) attains long term savings on its power costs—increasing shareholder value. ✅ Low and moderate income families share in the savings via credits on their utility bill—a tangible, meaningful social benefit for people who need it most. I think this is an incredibly creative way for Google to concretely meet its ESG goals. They’re calling it “synthetic community solar” and it’s an innovative approach that doesn’t rely on state-level energy regulatory policies, which are highly fragmented and in many jurisdictions are unfavorable to community solar and similar approaches. Most of all, I think this really demonstrates how authentic corporate commitment to these values can move the needle—and it’s a great example that, yes, ESG can work! Kudos Joel Gamoran and team 🙌

View profile for Joel Gamoran, graphic

Vice President & General Manager, Energy Services at Arcadia

Big day today! I’m thrilled to announce Arcadia’s new program to support dual goals of corporate sustainability and social impact. In partnership with Google and EDP Renewables, we will be delivering energy cost savings to 25,000 low-to-moderate income households in Ohio from a portfolio of 80 distributed solar projects. It used to be that access to “off site” renewables was restricted by state and local policies. Now, Arcadia’s technology crosses these borders, enabling distributed solar projects to generate benefits for households and communities nationwide.

Arcadia joins EDPR NA Distributed Generation and Google partnership to implement bill reductions for 25,000 low-income households & deploy pre-weatherization funds with nonprofit Elevate

Arcadia joins EDPR NA Distributed Generation and Google partnership to implement bill reductions for 25,000 low-income households & deploy pre-weatherization funds with nonprofit Elevate

arcadia.com

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