Renewable Energy Credits, Carbon Offsets Company OneEnergy Attracts $1.3M Equity

Posted in Carbon Regulation on January 12th, 2012 by News Desk –

Bryce Smith, CEO of OneEnergy Renewables

Seattle – OneEnergy Renewables, a provider of renewable energy credits (RECs) and carbon offsets, as well as a developer of renewable energy production facilities, has obtained $1.3 million of equity investment, according to a new filing by the company with the Securities and Exchange Commission.

Founded in 2009, OneEnergy offers businesses RECs and carbon offsets and uses the proceeds to work directly with landowners and other partners to develop new solar, wind, and biogas projects.

A renewable energy credit (REC) is created when one megawatt-hour (MWh) of renewable electricity is fed into the power grid. RECs have an economic value and can be bought and sold. Businesses and individuals buy RECs to reduce their carbon footprint and connect with “sustainability-minded” customers.

A carbon offset represents the reduction of greenhouse gas emissions equaling one metric ton of carbon dioxide. In order to account for all pollutants, the offset industry trades credits in units of one metric ton of carbon dioxide equivalent, or “CO2e.”

OneEnergy Renewables is actively developing projects in seven states, including Oregon, New Mexico, Ohio, New Jersey, Idaho, California and Maryland.

Photo credit: OneEnergy

OneEnergy Renewables website

OneEnergy’s new SEC filing

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