3Degrees launches Renewable Energy Procurement offering

Press Release | June 26, 2015

New service helps companies derive financial benefits from renewable energy sourcing

San Francisco, CA – June 26, 2015  –Today, 3Degrees formally announces the launch of Renewable Energy Procurement – a service line helping clients to source green energy directly from projects through long or short term agreements. This announcement is a culmination of work that 3Degrees has done over the past several years with a number of key clients, helping them explore new opportunities to access renewable energy.

“There is now a way for companies to realize both the environmental and financial benefits of supporting renewable energy,” says Steve McDougal, 3Degrees CEO. “3Degrees offers a customized approach and can work with companies to identify competitively priced clean energy.”

Often called power purchase agreements (PPAs) or direct procurement, these new renewable energy strategies have generated significant interest in the private sector.  Given the growing market demand for these services, 3Degrees has built a team exclusively dedicated to this service line, including appointing Sarah Penndorf to head up the Renewable Energy Procurement business.  3Degrees has also recently joined the Business Renewables Center (BRC), an industry collaboration aimed at accelerating corporate renewable energy procurement.

“I am excited to help clients expand their participation in renewable energy,” says Sarah Penndorf. “With our industry knowledge and strong developer network, we work with clients to navigate these multi-faceted deals.”

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3Degrees achieves B Corp certification for the third year in a row

Press Release | April 30, 2015

San Francisco, CA - April 30, 2015  For the third year in a row, 3Degrees has achieved B Corp (Benefit Corporation) certification. This certification means that 3Degrees has legally expanded its corporate responsibilities to include consideration of stakeholder – not just shareholder – interests. 3Degrees met B Lab's rigorous standards of social and environmental performance and joins a community of like-minded companies that are redefining what business success means. 

3Degrees became a B Corp in 2012 because the firm was built upon the idea that businesses need to consider the impact of their products and services on their employees, suppliers, community, and environment. In becoming a B Corp, 3Degrees demonstrates that social and environmental responsibility is not just a value of theirs, but one that they have integrated into their corporate DNA.

In the 2014 Benefit Corporation Annual Report, CEO Steve McDougal explains:

"We are proud to be a B Corporation.

"It is a touchstone for us and the work that we do. B Corps stand for positive, innovative, and practical solutions to global problems. B Corps redefine the meaning of success in business. B Corps look to create enduring prosperity for all stakeholders, including employees, suppliers, the community, the environment and shareholders. 

"We embrace this definition of success and strive to align our company with the value of meaningful and prosperous engagement for all stakeholders. It is a journey, and in 2014 we made significant progress on this journey."

Read the full 3Degrees 2014 B...

Designing Community Solar Programs to Manage Risk

3Degrees In The News | April 17, 2015

In the second of three articles, Adam Capage of 3Degrees looks at how utilites can address the larger risks of a community solar program.

With interest in community solar continuing to grow, more utilities are grappling with how to design a successful program that meets their organizational goals.

In part one of this series on best practices in community solar, we reported on project ownership and siting options. This article focuses on risk mitigation -- a critical subject for every utility, but especially for investor-owned utilities (IOUs) that operate within regulatory mandates to hold non-participating customers harmless. When designing a community solar program, there are multiple risks utilities must assess. Here, we’ve focused on two that are particularly important and relevant... continue reading