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Industries
Energy
Social Impact
Company Size
51-200
Company Stage
Seed
Total Funding
$5.5M
Headquarters
Seattle, Washington
Founded
2021
Ever.green creates a marketplace for Renewable Energy Credits (RECs) and Clean Energy Tax Credits, helping to speed up the shift to renewable energy. The platform connects buyers and sellers of these credits, which supports new renewable energy projects and aims for a net-zero future. Clients include businesses with climate goals, investors interested in clean energy, and developers of renewable projects. By utilizing the Inflation Reduction Act of 2022, Ever.green allows businesses to buy and sell tax credits, making it easier to finance renewable energy initiatives. The company earns revenue by taking a commission on transactions and ensures transparency in the process, while also monitoring the impact of the projects to confirm they are genuinely contributing to new renewable energy capacity. Ever.green's goal is to bring more investment into the clean energy sector, facilitating the growth of renewable energy projects.
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Total Funding
$5.5M
Above
Industry Average
Funded Over
1 Rounds
Sustainability: News about the rapidly growing climate tech sector and other areas of innovation to protect our planet. SEE MOREThe Ever.green team on a recent tour of a wind farm in Eastern Washington. Chief Revenue Officer Liz Pearce is fourth from left. (Ever.green Photo)President-elect Donald Trump is a champion of fossil fuels and calls President Biden’s New-Deal style programs for battling climate change the “greatest scam in history.”So what does a climate-focused startup working to support clean energy projects do to prep for Trump’s return to power?Regroup and recommit, said Liz Pearce, chief revenue officer for Seattle’s Ever.green.“The first thing we did as a company was to kind of come together and just sit with the fact that the work that we’re doing is even more important now,” said Pearce.Ever.green, which spun out from Seattle’s Pioneer Square Labs in 2021, acts as a matchmaker between corporations that are spending money to reduce their carbon footprints and developers that need funding to build clean energy installations. The startup has built a marketplace to facilitate these transactions, with the goal of making them quicker, less risky financially, and easier for smaller corporations to participate.Liz Pearce, chief revenue officer for Ever.green. (LinkedIn Photo)One avenue of the company’s business is tied to the clean energy tax credits issued through the federal Inflation Reduction Act that help finance the power projects
SEATTLE--(BUSINESS WIRE)--Ever.green today released a whitepaper detailing a new approach to procuring Renewable Energy Certificates (RECs) that significantly enhances their impact on the energy transition. Titled "High-Impact RECs: Applying Additionality for Renewable Energy Advancement," this publication addresses the urgent need for substantive change in the REC market to meet global climate targets. Amid rising global emissions driven primarily by energy production, the transition to renewable energy has become imperative. Currently, over 77% of global emissions are energy-related, with a significant portion stemming from electricity generation. This white paper comes at a critical time when international efforts, such as those discussed at COP28, are pushing for a tripling of renewable energy capacity by 2030 as a key strategy to mitigate climate change. However, challenges in financing have slowed progress
In 2023, Csr Company partnered with Baker Tilly to launch the first digital marketplace for clean energy tax credits, further empowering corporate buyers to amplify their renewable energy purchasing impact while reducing costs.
Friday, 15 March 2024US marketplace for high-impact Renewable Energy Certificates (RECs) and clean energy tax credits Ever.green has closed a multi-year contract with Ocotillo Windpower wind farm, a 55 MW wind farm in Big Spring, Texas, repowered by Clearway Energy Group.The RECs were purchased on behalf of a number of corporate buyers, including Atlassian, Arrow Electronics, Autodesk, Brooks Running, Compose[d], Medallia, Trimble, and more.“Our ability to fractionalise participation opens access to all companies wanting to have impact in the energy transition” said Cris Eugster, CEO and Co-Founder of Ever.green.Ever.green helps companies accelerate the energy transition through the purchase of high-impact RECs, which helps bring new clean energy projects online by increasing the long-term financial viability of the projects in a material way.The RECs contribute to the buyer’s corporate sustainability goals, in that they reduce Scope 2 emissions from the electricity used by these companies to run their businesses. All Ever.green RECs are purchased through long-term contracts, in line with GHG practices, and connected to new or repowered projects which are examined closely for their impact on the climate, land, wildlife, and community. These long-term contracts are accessible to companies of all sizes, including those purchasing as few as 1,000 RECs per year (one REC equals one MWh of electricity), equivalent to the average consumption of 100 homes.“Brooks recognises the importance of aligning efforts across every level of business to reduce GHG emissions and invest in renewable energy” added Dave Kemp, Director of Corporate Responsibility at Brooks Running. “Purchasing renewable energy certificates is a critical strategy to achieve our Scope 2 greenhouse gas emissions reduction target. Our partnership with Ever.green and Brooks’ investment in the Clearway Energy project will deliver a clear and immediate impact on climate change and is an important milestone in our Climate Action journey.”The Ocotillo wind farm began its original commercial operations in 2008. Clearway completed the partial repower in 2023 to extend the life of the renewable asset while leveraging existing infrastructure and continuing to capitalise on the proven wind resource at the site.Corporate energy buyers have long played a critical role in accelerating the energy transition through the purchase of bundled power and RECs via Power Purchase Agreements (PPAs) and Virtual Power Purchase Agreements (VPPAs)
Also last year, Ever.green announced a partnership with Baker Tilly to launch the first digital marketplace for clean energy tax credits.
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Industries
Energy
Social Impact
Company Size
51-200
Company Stage
Seed
Total Funding
$5.5M
Headquarters
Seattle, Washington
Founded
2021
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