THE BUSINESS RENEWABLES CENTER—CORPORATE RENEWABLE ENERGY FASTER, EASIER, BETTER
The Business Renewables Center (BRC) is a membership organization that streamlines and accelerates corporate purchasing of off-site, large-scale wind and solar energy.
The BRC’s goal is to help corporations procure 60 gigawatts of renewable energy by 2030 by providing:
- A communications platform to raise awareness and champion successes and opportunities
- A community of leading thinkers and industry practitioners, who actively participate in identifying hurdles and solutions to market growth
- A knowledge base of known obstacles and proven solutions, and software tools to facilitate transactions
After formally launching in 2015, the BRC is now a central player in the industry.
- In 2015, at least one of the BRC’s over 100 members participated in 91% of the 3.23 GW of renewable energy purchased by corporations in the U.S.
- BRC representatives have been quoted in mainstream publications such as the Wall Street Journal, Financial Times, and National Geographic.
RMI first identified the potential for corporations to be major drivers of renewable energy demand in the U.S. in 2013, when only a handful of corporations had procured large-scale renewable power. Through engaging with industry, RMI found that a number of market barriers hindered corporations from executing large-scale wind and solar transactions and resolved to establish a member-based platform to overcome those barriers. In April 2014, the nascent BRC got strong validation of its concept when it won a Bloomberg New Energy Finance for Resilience (“FiRe”) award.
“The BRC has really helped to demystify the space. It took something that was previously seen as a complicated transaction, only possible for big companies like Apple and Google, and helped to simplify and explain the process, bringing renewable energy PPAs to a much larger market."—Travis Bryan, COO, OneEnergy Renewables
RECENT GROWTH AND IMPACT
Under the leadership of Hervé Touati and Lily Donge, RMI officially launched the BRC in February 2015 with 28 founding members, including General Motors, Kaiser Permanente, Nestlé Waters, Owens Corning, and Salesforce. Since then, the BRC has grown rapidly and currently has more than 100 of the leading organizations within its membership. (Click the following links to view lists of the BRC’s corporate members and sponsors).
The BRC continues to grow because its members recognize the value that the BRC provides to the market. For example, the BRC’s semiannual conferences have become the preeminent forums for leading thinkers to engage on the most relevant issues in the industry.
During this time, corporate power purchasing has also expanded rapidly, growing to 3.23 gigawatts in 2015 from 1.18 gigawatts in 2014. In 2015, corporations and other nonutility buyers displaced utilities as the majority purchasers of new wind power.
MOVING FORWARD WITH OUR PARTNERS
As more corporations realize they can lock in long-term, affordable prices for clean energy while simultaneously supporting the bottom line, reducing their carbon footprint, and fulfilling their corporate sustainability commitments, we expect the BRC to further expand its membership and continue toward its goal of enabling 60 gigawatts. Throughout the process, the BRC will continue to work with its members and partners, including RE100, the We Mean Business coalition, and the Renewable Energy Buyers Alliance (REBA), an NGO partnership comprised of the BRC, BSR (Business for Social Responsibility), World Wildlife Fund, and World Resources Institute.