About Evergreen Renewables

Ever.green operates a marketplace for energy tax credits and high-impact Renewable Energy Certificates (RECs) that finance new clean energy projects. The platform ensures regulatory compliance and meaningful environmental impact, enabling companies to reduce their Scope 2 emissions while benefiting from tax savings and investment returns.

```xml <problem> Financing new clean energy projects is challenging, and companies seeking to reduce their Scope 2 emissions often struggle to ensure their investments have a direct and verifiable impact on renewable energy generation. Traditional Renewable Energy Certificate (REC) markets lack transparency and may not guarantee that purchased RECs directly contribute to the development of new renewable energy sources. Additionally, companies may not be aware of opportunities to monetize clean energy tax credits to offset the costs of sustainability initiatives. </problem> <solution> Ever.green operates a marketplace that connects companies with new clean energy projects, enabling them to purchase high-impact RECs and clean energy tax credits. The platform ensures that RECs directly contribute to the financing and viability of new projects through rigorous due diligence and legal documentation, addressing the issue of additionality. By purchasing RECs through Ever.green, companies can verifiably reduce their Scope 2 emissions and support the development of new renewable energy infrastructure. The marketplace also facilitates the buying and selling of transferable clean energy tax credits, allowing companies to benefit from tax savings and investment returns while supporting renewable energy projects. </solution> <features> - Marketplace for high-impact Renewable Energy Certificates (RECs) and clean energy tax credits - Due diligence process to ensure RECs directly contribute to new renewable energy projects (additionality) - Impact Scorecard to evaluate projects based on avoided emissions, land use, wildlife protection, and community engagement - Streamlined REC management, including serialization, retirement, and reporting across national registries - Fixed-price REC contracts with buyer protections for simplified procurement - IRA Bonus Eligibility Map to identify projects that qualify for Inflation Reduction Act incentives - Tools for project developers to estimate and maximize the value of tax credits </features> <target_audience> The primary target audience includes corporate sustainability teams seeking to reduce Scope 2 emissions and renewable energy developers looking to finance new projects through the sale of RECs and tax credits. </target_audience> ```

What does Evergreen Renewables do?

Where is Evergreen Renewables located?

Evergreen Renewables is based in Seattle, United States.

When was Evergreen Renewables founded?

Evergreen Renewables was founded in 2021.

How much funding has Evergreen Renewables raised?

Evergreen Renewables has raised 6100000.

Location

Seattle, United States

Founded

2021

Funding

6100000

Employees

160 employees

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Evergreen Renewables

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Executive Summary

ever.green 1K+

Founded 2021 – Seattle, United States

Funding

Estimated Funding

$5M+

Team (100+)

No team information available.

Company Description

Problem

Financing new clean energy projects is challenging, and companies seeking to reduce their Scope 2 emissions often struggle to ensure their investments have a direct and verifiable impact on renewable energy generation. Traditional Renewable Energy Certificate (REC) markets lack transparency and may not guarantee that purchased RECs directly contribute to the development of new renewable energy sources. Additionally, companies may not be aware of opportunities to monetize clean energy tax credits to offset the costs of sustainability initiatives.

Solution

Ever.green operates a marketplace that connects companies with new clean energy projects, enabling them to purchase high-impact RECs and clean energy tax credits. The platform ensures that RECs directly contribute to the financing and viability of new projects through rigorous due diligence and legal documentation, addressing the issue of additionality. By purchasing RECs through Ever.green, companies can verifiably reduce their Scope 2 emissions and support the development of new renewable energy infrastructure. The marketplace also facilitates the buying and selling of transferable clean energy tax credits, allowing companies to benefit from tax savings and investment returns while supporting renewable energy projects.

Features

Marketplace for high-impact Renewable Energy Certificates (RECs) and clean energy tax credits

Due diligence process to ensure RECs directly contribute to new renewable energy projects (additionality)

Impact Scorecard to evaluate projects based on avoided emissions, land use, wildlife protection, and community engagement

Streamlined REC management, including serialization, retirement, and reporting across national registries

Fixed-price REC contracts with buyer protections for simplified procurement

IRA Bonus Eligibility Map to identify projects that qualify for Inflation Reduction Act incentives

Tools for project developers to estimate and maximize the value of tax credits

Target Audience

The primary target audience includes corporate sustainability teams seeking to reduce Scope 2 emissions and renewable energy developers looking to finance new projects through the sale of RECs and tax credits.