U.S. electric vehicle manufacturer Rivian has announced a partnership with Pivot Energy to purchase renewable energy certificates (RECs) and subscribe to a portion of a community solar project. The agreement includes a subscription to 10 MW of off-site community solar to support Rivian’s Illinois manufacturing capacity and purchase RECs generated from 50 MW of operational solar assets. The projects are designed to be installed in locations with few solar resources, as the region where they will be located is 67% dirtier than the US grid, which emits two-thirds more greenhouse gases from fossil fuels than other areas. The new-build projects are expected to generate 79,000 megawatt-hours of electricity per year, equivalent to powering nearly 11,000 homes annually. The companies will invest $5,000 per MW built in local community organizations.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
