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
The Federal Energy Regulatory Commission (FERC) is the United States federal agency that regulates the transmission and wholesale sale of electricity and natural gas in interstate commerce and regulates the transportation of oil by pipeline in ...
to act as a wholesale power marketer.
RPD Energy is based in
Houston, Texas
Houston (; ) is the most populous city in Texas, the most populous city in the Southern United States, the fourth-most populous city in the United States, and the sixth-most populous city in North America, with a population of 2,304,580 in ...
, 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,
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
Adobe ( ; ) is a building material made from earth and organic materials. is Spanish for ''mudbrick''. In some English-speaking regions of Spanish heritage, such as the Southwestern United States, the term is used to refer to any kind of e ...
, the Fortune 100 software company, and
McKesson
McKesson Corporation is an American company distributing pharmaceuticals and providing health information technology, medical supplies, and care management tools. The company delivers a third of all pharmaceuticals used in North America and emplo ...
, America's largest distributor of wholesale medical supplies. In January 2022, the company reported that it had also served
BlackRock, 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 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