Chris Hansen, TVA Origination and Renewables Solutions, vice president, accepts the 2020 Green Power Leadership Award
The Tennessee Valley Authority’s Green Invest Program has earned the 2020 Green Power Leadership Award for Green Power Market Development from the Center for Resource Solutions.
“TVA is building the energy grid of the future, and this award recognizes TVA’s leadership and innovation in expanding the supply of low-cost renewable energy to drive jobs and investment in the communities we serve,” said Doug Perry, TVA senior vice president of Commercial Energy Solutions. “Green Invest is our newest tool to help local power companies and businesses meet their sustainability goals by building large-scale solar facilities across our seven state region.”
According to Mr. Perry, Green Invest is the nation’s first renewable energy program that creates public-private partnerships that pair large customers with solar developers through a competitive bid process. This ensures that when businesses choose to partner with TVA they receive low-cost pricing and TVA’s brand assurance to deliver renewable energy through long-term agreements. Since 2018, Green Invest has generated about $1.4 billion in economic activity.
“TVA’s Green Invest program is the gold standard for renewable energy programs,” said Mr. Perry. “It’s the new model for how we will build out the nation’s premier energy system to spur economic development and a cleaner future.”
TVA modeled Green Invest after work with Facebook and Google, beginning in 2018, to identify new renewable energy solutions for data centers locating in the region. Green Invest is available to local power companies and business and industrial customers across TVA’s service territory.
TVA is a national leader in carbon-free energy with over 60 percent of TVA’s energy supply already coming from carbon-free sources. In addition, this month National Renewable Energy Lab ranked TVA’s Green Power Switch program in the top 10 in the nation for renewable energy sales – for the seventh consecutive year.