Pivot Energy, Rivian Announce Partnership On A Total Of 60 Megawatts Of Solar Energy; Will Invest $5,000 Per MW Built In Local Community Organizations
Portfolio Pulse from Benzinga Newsdesk
Pivot Energy and Rivian have announced a partnership to develop 60 MW of solar energy, with Rivian purchasing RECs from 50 MW and subscribing to 10 MW of community solar for its Illinois facility. The initiative aims to reduce emissions in a high-pollution region and support local community organizations.
May 22, 2024 | 1:13 pm
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Rivian has partnered with Pivot Energy to develop 60 MW of solar energy, purchasing RECs from 50 MW and subscribing to 10 MW of community solar for its Illinois facility. This initiative will reduce emissions in a high-pollution region and support local community organizations.
Rivian's commitment to renewable energy through this partnership is likely to enhance its reputation as a sustainable company, potentially attracting more investors and positively impacting its stock price in the short term.
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