CleanChoice Energy

Overview
News
Current-gen renewables?
Product stageSegments
Growth
?
Community solar developers and operators, Renewable energy brokers
?

CleanChoice Energy is a cleantech company based in Washington, DC that aims to provide individuals and businesses with easy access to renewable energy solutions. The company operates as an independent retail electricity provider, offering 100% wind and solar energy to customers across multiple competitive markets in the US.

CleanChoice Energy sources its renewable energy through the acquisition of bundled and unbundled Renewable Energy Credits (RECs) from various wind and solar power generators. The company meets state-mandated renewable energy requirements by purchasing bundled RECs from within the respective regional grids, and it also acquires unbundled RECs from generators outside these grids to offer higher renewable energy rates to its customers.

In May 2023, CleanChoice Energy received an investment from True Green Capital Management, with plans to develop, acquire, own, and operate solar projects across 16 states. The company has a development portfolio exceeding 300 MW in various stages and aims to focus on the ISO-NE, NYISO, and PJM markets over the next five years.

As of 2023, CleanChoice Energy has supplied over 8.3 billion kWh of clean energy to its customers since its founding in 2012, resulting in an environmental impact equivalent to taking 1.3 million cars off the road or preserving 7 million acres of US forests for a year.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
1055 Thomas Jefferson St. NW Suite 650 Washington DC USA
Founded year:
2011
Employees:
101-250
IPO status:
Private
Total funding:
USD 11.0 mn
Last Funding:
-
Last valuation:
-
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