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The U.S.’s First Neighborhood Clean Energy Cooperative for Underserved Communities
This economically viable, neighborhood clean energy cooperative reduces residential energy costs through priority investments incrementally at first and significantly later, while providing training and jobs to some residents. Income is generated through savings. This cooperative is data-driven, supported by a software platform developed by the University of Dayton in partnership with Emerson Climate Technologies and IGS Energy. Funding will be used to develop a detailed business plan.
Dr. Kevin Hallinan, University of Dayton, 937-760-1499, email@example.com
We are working with IGS Energy and UD's Hanley Sustainability Institute for additional funding to launch a pilot. Both have strong interest in supporting. Additionally, after the business plan is completed, we will be seeking impact investment to launch the pilot. IGS Energy is a significant impact investor.
Planning or Studies
Within the next 6 months
The Energy Foundation has just received commitment from major philanthropers of $4 billion nationally (October 2018) to combat climate change. They note that there will soon be solicitations for grants. We are confident that our unique economically sustainable initiative could bring clean energy cost effectively to ANY low income neighborhood in the country.
Additionally, IGS Energy is very interested in supporting this initiative as an impact investor, which will pay for the establishment of a revolving loan fund.
Thomson Hines Law Firm has also indicated interest in supporting
Lastly, the University of Dayton Hanley Sustainability Institute is interested in helping to both support the pilot and take Clean Energy 4 All national.
The fact is that urban residents in underserved communities generally pay more in utilities than in more affluent communities and energy costs can comprise over 1/3 of the income that the poor pay. Their residences are generally less energy effective and they more often than not pay the highest price tariff rates for their energy because they don’t understand that there are lower price options. Further, they more often than not are lessees in residences where landlords have little incentive to invest in efficiency. Lastly, low-income residents do not have knowledge of how they can reduce their energy / energy cost.
There is a need to reduce energy costs in these residences; with investments providing mentoring, workforce training, and long-term jobs for people living in these communities.
There are three measurements (at least) for the long term.
- The level of energy cost reduction that can be derived for residents
- Success in training employees from the neighborhoods
- Demonstration of economic viability of the neighborhood clean energy cooperative which will enable quick expansion to the remainder
of Dayton and the nation because of the national energy retailer partnership, IGS Energy
All jobs created will be retained. Within each neighborhood serviced, there will be one permanent position (neighborhood energy consultant). Additionally, those workers supporting the installation will, at the conclusion of work in their neighborhood, will move to other neighborhoods where they will work as trainers and installers. Lastly, the energy data software aspect of our organization will continue to grow as more communities come on board.