RPD Energy, formerly Renewable Power Direct, markets directly sourced renewable electricity primarily to large commercial and industrial customers. RPD was founded in 2014 and is authorized by the
Federal Energy Regulatory Commission to act as a wholesale power marketer.
RPD Energy is based in
Houston, Texas, and is led by CEO, Eric Alam.
RPD's publicly reported customers include
Intuit Inc.
Intuit Inc. is an American business software company that specializes in financial software. The company is headquartered in Mountain View, California, and the CEO is Sasan Goodarzi. Intuit's products include the tax preparation application Tu ...
,
Iron Mountain Incorporated
Iron Mountain Inc. () is an American enterprise information management services company founded in 1951 and headquartered in Boston, Massachusetts. Its records management, information destruction, and data backup and recovery services are supp ...
,
LG and
REI
Rei or REI may refer to:
Arts and entertainment
*Rei, a story arc of the anime ''Higurashi When They Cry''
*Rei, a shapeshifting godlike dragon in the Australian webcomic series ''Vainglorious''
*Rei I, II and III, episodes of ''Neon Genesis Eva ...
, a leading outdoor retailer. During
March 2021 webinar the company disclosed that it had also structured renewable energy service agreements for
Adobe, the Fortune 100 software company, and
McKesson, America's largest distributor of wholesale medical supplies. In January 2022, the company reported that it had also served
BlackRock
BlackRock, Inc. is an American multi-national investment company based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with trill ...
, the world's largest asset manager.
The company's innovative approach to sourcing green power for corporate customers has been profiled by Triple Pundit and GreenBiz.
Forbes has also profiled the company's unique green energy affinity programs for employees and customers of corporate renewable energy buyers.
In May 2020, the U.S. affiliate of Axpo, Switzerland's largest renewable energy provider, announced that it had acquired a minority interest in RPD Energy and also would be providing wholesale market services to RPD Energy “to enhance its ability to address the rapidly growing demand for renewable energy choices across multiple customer segments.” Axpo said that its new strategic partnership with RPD Energy also “allows Axpo U.S. to increase its ownership of RPD Energy over time as the business continues to grow.”
In 2021, a representative for the New York-based investment group, Arosa Capital, joined RPD's Board following a reported funding round.
RPD Energy was a founding member of the Business Renewables Center (BRC), a member-based platform that streamlines and accelerates corporate purchasing of off-site, large-scale wind and solar energy. The BRC was organized by the
Rocky Mountain Institute
RMI (Rocky Mountain Institute) is an organization in the United States co-founded by Amory Lovins dedicated to research, publication, consulting, and lecturing in the field of sustainability, with a focus on profitable innovations for energy an ...
and publicly launched in February 2015.
References
{{reflist
External links
Official website
Renewable energy companies of the United States
Companies based in Washington, D.C.
American companies established in 2014
Renewable resource companies established in 2014