by onepointfivec | Nov 28, 2023 | Powering Up the Deployment Decade
WP is a project development and financing company collaborating with NGOs, small businesses, and labor unions to co-develop community solar projects for racial and economic justice while utilizing IRA resources. With a current pipeline of 50 projects involving 16 partners, totaling 50 MW of clean energy, these initiatives aim to reduce CO2 emissions by over 42 metric tons and generate $115M in community benefits. 1.5°CSG funds will help the Ecological Citizen’s Project (ECP)’s 1.1 MW solar installation on 10 city properties in Peekskill, NY which is within competitive Congressional District-17. The $2M in community economic benefits this project generates will provide free food through an innovative food sovereignty program.
by onepointfivec | Nov 28, 2023 | Powering Up the Deployment Decade
Inclusive Prosperity Capital (IPC), a mission-driven 501(c)3 national clean energy financing platform spun out of the Connecticut Green Bank, focuses on bridging the gap in clean energy financing for traditionally underserved communities and market segments. IPC has invested over $50 million in clean energy and resilience projects across the U.S. and Territories, with a near-term pipeline of over $100 million of additional investment opportunities. Approximately 50% of IPC’s investments benefit low to moderate income communities, with approximately 60% directed towards communities of color IPC’s unique business model leverages a blended capital stack to ensure sustainable operations and capital reinvestment. As a lead coalition partner with the Justice Climate Fund, IPC is well-positioned to access Greenhouse Gas Reduction Fund (GGRF) capital facilitating the potential to exponentially scale its impact during the coming years. Currently, IPC is spearheading the creation of a secondary market platform, collaborating with organizations like Opportunity Finance Network, Inclusive, Carsey School of Public Policy, and Natural Resource Defense Council, to standardize clean energy financing, making it easier for small community lenders to issue clean energy loans to subprime applicants with the risk reduced by philanthropic dollars.
by onepointfivec | Nov 7, 2023 | Powering Up the Deployment Decade
Somos Votantes has initiated a field program with seven canvassers dedicated to Nevada and another seven in Arizona, with a focus on educating Latino communities about the opportunities provided by the Inflation Reduction Act (IRA). Through a comprehensive approach involving canvassing, community events, mail programs, digital advertising, and local radio, Somos Votantes casts a wide net to inform Latinos about the economic opportunities brought to them by the Biden administration’s IRA. Those who they encourage to access these financial benefits are seamlessly connected with WorkMoney, which takes the lead in facilitating their enrollment in IRA programs.
by onepointfivec | Nov 7, 2023 | Powering Up the Deployment Decade
The Nevada Clean Energy Fund (NCEF) is dedicated to fostering a thriving, affordable, and accessible clean energy economy in Nevada, with a primary emphasis on supporting frontline and underserved communities. With roughly $350 million in pending federal grant applications and the anticipated arrival of federal grants in July 2024, NCEF recognizes the pressing need to bolster its capacity. Presently staffed with four essential operations employees, the addition of one program staff offers the potential to double the project pipeline’s readiness to deploy resources following the receipt of federal funds from the EPA. This additional staff member would enable us to have a more rapid and significant impact towards advancing clean energy initiatives in Nevada during the 2024 calendar year.
by onepointfivec | Oct 24, 2023 | Powering Up the Deployment Decade
UndauntedK12 is committed to assisting K-12 academic institutions in optimizing their access to IRA and federal resources. Their mission is to accelerate the transition to zero-carbon schools while enhancing institutional and student awareness of the health benefits of clean buildings. UndauntedK12 is actively seeking resources to expand their successful initiatives in California and Massachusetts to school districts nationwide; with a focus on purple States. This expansion includes a program to track the allocation and utilization of IRA funding within school districts, creating a valuable resource for showcasing how IRA resources have improved children’s health and well-being.
