Intuit & REI Champion Climate Action Through Clearloop With New White Pine Solar Farm

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2.8 MW_DC photo voltaic challenge allows modernization of electrical grid in rural East Tennessee, offers renewable vitality for native colleges, and helps instructional alternatives for native college students

NASHVILLE, Tennessee — Clearloop, a Silicon Ranch firm and main supplier of carbon options that speed up decarbonization of the electrical grid and develop renewable vitality entry in American communities that may profit probably the most, introduced as we speak that Intuit Inc., the worldwide monetary know-how platform, and nationwide specialty out of doors retailer REI Co-op, flipped the change on the brand new 2.8 MW_DC White Pine Photo voltaic Farm in White Pine, Tennessee as we speak.

Intuit and REI every supported the event of 1.4 MW_DC of the photo voltaic challenge by Clearloop’s distinctive and progressive strategy to serving to organizations reclaim their carbon footprint. This mixed effort is estimated to stop greater than 162 million kilos of carbon from getting into the ambiance over the challenge’s lifetime and can produce sufficient low-cost electrical energy to assist energy practically 400 houses in the local people. Along with Intuit and REI’s help, the photo voltaic challenge is made attainable by the Tennessee Valley Authority’s Dispersed Energy Program and the cooperation of native energy corporations together with Morristown Utility Techniques.

Since 2021, Intuit has labored with Clearloop to decarbonize the grid whereas increasing entry to renewable vitality throughout Tennessee. Intuit’s help of the White Pine Photo voltaic Farm builds upon its ongoing partnership with Clearloop and ongoing efforts for its Prosperity Hub Program in Morristown, TN and the encompassing areas. Intuit launched the Prosperity Hub Program in 2016 to advertise financial prosperity for folks and communities in want.

To additional help the encompassing communities, Intuit is donating 1,600 renewable vitality certificates (RECs) per 12 months for the following 40 years evenly throughout the Jefferson County and Hamblen County colleges, making these among the many first communities to particularly energy native public colleges with renewable vitality in Tennessee, and among the many first green-powered colleges within the Southeast. As a part of the distinctive collaboration with Intuit and the native college programs, Clearloop is making a one-time $100,000 scholarship donation ($50,000 per college system) for highschool seniors within the Jefferson and Hamblen County, Tennessee college programs.

“Intuit has long been focused on making a positive impact on climate, a significant issue that directly affects the wellbeing and ability of people and communities to prosper. We take a holistic approach to climate and sustainability, driving initiatives internally within our operational footprint, supply chain, and externally in the communities we serve,” stated Debbie Lizt, Head of World Sustainability at Intuit. “Our collaboration with Clearloop and the local community allows us to bring a meaningful and intentional focus to new solar projects in areas where we can provide environmental and economic benefits to the communities for years to come.”

REI’s partnership with Clearloop to assist convey the White Pine Photo voltaic Farm to life demonstrates the corporate’s dedication to prioritizing clear vitality growth that focuses on investing in communities that may profit probably the most. Via this partnership, REI will energy its new state-of-the-art distribution middle in Lebanon, Tennessee with 100% renewable vitality. The distribution middle will serve greater than 60 shops and 5.6 million REI members within the space whereas utilizing 30% much less vitality than code requires.

“The White Pine project represents an exciting addition to REI’s renewable energy portfolio. We’re proud to help usher in new-to-the-world solar energy in the Tennessee Valley, a region where we recently opened a new distribution center, operate multiple stores, and have thousands of members,” stated Matt Thurston, Divisional Vice President of Sustainability, REI Co-op. “Clearloop’s vision to decarbonize the grid by supporting projects that expand access to clean energy in more communities—along with the project’s investments in the local workforce and regenerative land practices—is one in which we strongly believe.”

“Clearloop’s partnerships with Intuit, REI, and the local community help us realize our commitment to decarbonizing the grid with an intentional focus on commissioning new solar projects in communities where we can maximize the environmental, educational, and economic benefits of climate dollars,” stated Laura Zapata, CEO and Co-Founder, Clearloop. “This project represents the possibilities fostered by responsible, thoughtful, and meaningful corporate climate action. We look forward to continuing to build on our relationships with corporate leaders and communities alike to deliver on the promise of a transformational and inclusive energy transition.”

As is the case with all Clearloop initiatives, the White Pine Photo voltaic Farm might be developed, owned, and operated by its guardian Silicon Ranch for the lifetime of the challenge. Via this disciplined and community-focused strategy, Clearloop will preserve a long-term vested curiosity within the East Tennessee area. The White Pine photo voltaic challenge’s vitality output and the carbon it avoids are tracked reside on Clearloop’s web site right here.

About Clearloop

Clearloop, a Silicon Ranch Firm, creates carbon options for organizations of all sizes, from international companies to small companies and academic establishments, to decarbonize the financial system and speed up the event of recent photo voltaic initiatives in American communities the place the best financial and environmental advantages may be achieved. These initiatives cut back greenhouse gasoline emissions whereas spurring financial funding to usher in a extra equitable vitality transition in america. Clearloop has pioneered the usage of emissionality, a quantitative measurement that compares the impression of renewable vitality initiatives on driving down emissions, to find out the place new photo voltaic era can displace probably the most carbon. Clearloop is shifting local weather motion investments to speed up grid decarbonization and assist organizations obtain emissions reductions quicker and extra successfully.

About Silicon Ranch

Based in 2011, Silicon Ranch is a completely built-in supplier of custom-made photo voltaic vitality, battery storage, and carbon options. The corporate is without doubt one of the largest impartial energy producers within the nation, with a portfolio that features greater than 5 gigawatts of photo voltaic and battery storage programs which can be contracted, beneath development, or working throughout the U.S. and Canada. Silicon Ranch owns and operates each challenge in its portfolio and has maintained an unequalled observe report of challenge execution. Silicon Ranch has the most important wholly owned agrivoltaics portfolio within the nation beneath Regenerative Vitality®, its nationally acknowledged holistic strategy to challenge design, development, and land administration. This mannequin incorporates regenerative ranching and different regenerative land administration practices to revive soil well being, promote biodiversity, and enhance water high quality. Silicon Ranch’s carbon options platform, Clearloop, helps companies of all sizes reclaim their carbon footprint by commissioning new photo voltaic initiatives in American communities the place vital financial and environmental advantages may be achieved.

In regards to the REI Co-op

REI is a specialty out of doors retailer, headquartered close to Seattle. The nation’s largest shopper co-op, REI is a rising group of 24 million members who count on and love the very best quality gear, inspiring skilled lessons and journeys, and excellent customer support. If you happen to can’t go to one in every of our many shops, you possibly can store at REI.com, REI Outlet or the REI purchasing app. Everyone seems to be welcome to buy REI, however members who be a part of the co-op get pleasure from a vary of advantages. Greater than a retailer, REI is a purpose-driven and values-led firm devoted to enabling life exterior for all.