SUNY Polytechnic Institute Announces the Selection of 48 Teams to Participate in the ‘Solar in Your Community Challenge’
Albany, NY – SUNY Polytechnic Institute (SUNY Poly) announced that 48 teams from 23 states and Washington, DC, were selected from the early set of applicants to participate in the “Solar in Your Community Challenge.” Sponsored by the U.S. Department of Energy (DOE) SunShot Initiative and administered by SUNY Polytechnic Institute, the “Solar in Your Community Challenge” is a prize competition that aims to expand solar electricity access to all Americans, especially underserved segments of the population, such as low- and moderate-income (LMI) households; state, local, and tribal governments; and nonprofit organizations.
Groundswell and Sustainable Capital Advisors Partner to Expand Community Solar Access to Working Families
Washington, DC — Groundswell, a nonprofit whose mission is organizing community power, and clean energy financing experts Sustainable Capital Advisors have announced a new strategic partnership to develop an innovative approach to community solar financing that will take consumer credit scores off the table as an obstacle to joining the clean energy economy. This collaboration will help to fulfill the commitments each organization made at November’s White House Summit on community solar to convene five demonstration projects within 18 months and to deploy $25 million of private capital in order to finance community solar projects serving low and moderate income communities.
In the Media
Verge 16 – Energy Equity: How Community Power Empowers Communities
Community Solar has the potential to transform access to affordable clean energy for low-income households if deployed with equitable project finance models that scale with the market instead of depending on subsidies. Trenton Allen, CEO of Sustainable Capital Advisors, offered a vision for what that would look like.
Green Biz: Why Community Solar is Becoming Big Business
When it comes to efforts with an explicit social bent, Groundswell has partnered with the clean energy financiers at Sustainable Capital Advisors to reevaluate community solar financing models that often hinge on the high credit scores of individual applicants. Placing the emphasis on on other economic indicators, such as utility bill payment history, or experimenting with pooled solar purchases are two potential alternatives.
“You can really expand the universe of participants,” said Sustainable Capital Advisors Managing Director Trenton Allen.
Access to Power: A Forum on Energy Equity
SCA Managing Director and CEO, Trenton Allen in addition to Jim Barrett, Chief Economist, American Council for an Energy Efficient Economy, Priya Jayachandran, Deputy Assistant Secretary, Office of Multifamily Housing Programs, U.S. Department of Housing and Urban Development with Ron Brownstein, The Atlantic on making clean energy affordable
The White House: Administration Announces 68 Cities, States, and Businesses Are Working Together to Increase Access to Solar for All Americans
Sustainable Capital Advisors is pleased to announce today that we will mobilize $25 million of private capital in order to finance community solar projects serving low and moderate income communities throughout the United States over the next 18 months. This commitment builds on Sustainable Capital Advisors experience in developing innovative financing solutions, including for the multi-family affordable housing sector for both energy efficiency and solar. Our efforts will focus on designing and implementing a financing structure centered on harnessing the collective financial strength of diverse communities through aggregation and other pooling mechanisms.
June 9, 2016: THE ATLANTIC ACCESS TO POWER: A FORUM ON ENERGY EQUITY
Sustainable Capital Advisors CEO Trenton Allen will be speaking about making clean energy affordable together with Jim Barrett from the American Council for an Energy-Efficient Environment, Priya Jayachandran from the U.S. Department of Housing and Urban Development and Atlantic Host Ron Brownstein.
September 21, 2016: Verge 16 Energy Equity: How Community Power Empowers Communities (Santa Clara, CA)
October 5-7, 2016: Greenbuild International Conference and Expo (Los Angeles, CA)
October 13, 2016: Sustainable Now: Optimizing Clean Energy Development in the Caribbean (Washington, DC)
November 15-17, 2016: Sustainable Communities Leadership Academy, Clean Energy Cities (Chicago, IL)
We welcome the chance to meet you at any of these upcoming events.
May 17-19, 2017: Global Learning Forum 2017 (Vancouver, BC)
Would you like to write about Sustainable Capital Advisors? Here you will find key company facts, our logo and images of the management team. If you need something more or would like to interview one of the team, please don’t hesitate to get in touch.
SCA at a glance
Business: Financial consulting and strategic advisory
Industry: Green finance and clean tech
Team: The SCA team leverages 55 years of collective experience in the financial services industry and $20 billion in financings, largely for energy infrastructure projects
Clients: Nonprofits, foundations, corporations, utilities, governments, investors, developers.
Services: Energy policy development and analysis, business strategy assessment, capital planning and implementation, technology and project assessment, financial modeling and structuring, contract negotiation, strategic engagement and outreach, product and project development.
Main Office: Washington, D.C.
Representative offices: New York
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