As one of the world’s largest financial institutions, we have a role and responsibility in accelerating the transition to a low-carbon, sustainable economy. Our Environmental Business Initiative is deploying $445B (2007-2030) in capital to sustainable business activities focused on energy efficiency, clean and renewable energy and transportation, in addition to addressing other important areas like water conservation, land use and waste. Our multi-billion dollar commitment in financing provides capital, along with significant intellectual capital, to develop solutions to climate change and other environmental challenges.By financing clean energy initiatives and advancements in renewable energy, Bank of America is spurring innovation in and the growth of environmentally focused companies, markets, jobs and communities.
Berkshire Hathaway Energy is a leader in renewable energy. Today, approximately 43% of our businesses’ owned and contracted generation capacity comes from renewable and noncarbon sources. BHE Renewables owns and operates the Topaz and Solar Star projects, both of which are among the largest solar projects in the U.S.
From our roots in renewable energy, Berkshire Hathaway Energy’s portfolio consists of locally managed businesses that share a vision for a secure and sustainable energy future. These businesses deliver affordable, safe and reliable service each day to millions of customers around the world and consistently rank high among energy companies in customer satisfaction.
BlackRock Real Assets is a leading global infrastructure investor. Our renewable power investment team has been investing in wind and solar assets since 1999, and includes members with longstanding careers in the industry who possess deep relationships across the spectrum of wind power and solar photovoltaic sectors. BlackRock’s renewable power group manages $5 billion of assets and is one of the world’s largest global private markets renewables-dedicated investment platforms.
Renewables is GE Energy Financial Services’ largest business segment. Its investment commitments span 17 countries, and are primarily in wind, solar and hydro-electricity. In 2017, it announced that since 2004, it has invested over $15B in renewable energy globally and plans to continue investing more than $1B annually. Recent notable U.S. investments include the 298-MW Enel Thunder Ranch wind farm, the 253-MW Amazon wind farm and the 250-MW Moapa solar project. The company is focused on investing in innovation, including in the 30-MW Block Island off-shore wind project, the first in the U.S., and is a leader in investing in the U.S. wind repowering market.
Hannon Armstrong (NYSE: HASI) is a leading investor in sustainable infrastructure, including energy efficiency and renewable energy, providing capital to established sponsors and high credit quality obligors for assets that generate long-term, recurring cash flows. With approximately $1 billion invested annually in the U.S., we believe that investing in the future of energy will generate superior risk-adjusted returns for our shareholders, create jobs and mitigate climate change. We are internally managed by a team with extensive industry experience, having completed our first renewable energy investment more than 25 years ago and our first energy efficiency investment over 20 years ago. Based in Annapolis, Maryland, Hannon Armstrong has been publicly traded on the New York Stock Exchange since 2013.
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 97,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. Lockheed Martin Energy is a line of business within Lockheed Martin that delivers comprehensive solutions across the energy industry to include demand-response solutions, energy efficiency, energy storage, nuclear systems, tidal energy technologies and bioenergy generation.
NextEra Energy is one of America’s largest capital investors in infrastructure, and is the world’s largest producer of wind and solar energy. By investing in infrastructure and innovative clean energy, we’re helping create a sustainable energy future for America that is affordable, efficient and clean. With between $50 and $55 billion in new infrastructure investments planned through 2022, we’re helping ensure that the next energy to power our dreams will be American energy.
Ørsted is a global renewable energy company with operations in Europe, Asia-Pacific and North America. Publicly traded since 2016 and headquartered in Denmark, the company comprises three business units; Offshore Wind, Onshore Renewables and Markets & Bioenergy. In the United States, the company’s renewable energy portfolio spans technologies and geographies with onshore wind, offshore wind, solar and storage in operation or construction across Texas, the Midwest and Northeast markets. Ørsted has the ambition to be a global green energy major in the rapidly expanding renewable energy market with 30 gigawatts of installed capacity by 2030, enough to power the lives of more than 55 million people.
RWE Renewables, Americas ranks among the top 10 onshore wind companies in the U.S. We develop, own, and operate some of the highest performing renewable energy projects in the United States. RWE will invest $1.66B annually to expand its wind, solar energy and storage technologies portfolio. Already active in onshore wind and photovoltaic renewable generation, RWE Renewables has added energy storage to its portfolio and has developed and constructed more than 3,800 megawatts of renewable capacity in the United States since 2007.
RWE is one of the leading international providers of renewable energy, and ranks as the number 4 global renewables player. RWE committed itself to an ambitious CO₂ reduction goal: Currently, around 60 percent of RWE’s electricity generation capacities are free from or low in carbon. This share will increase every year until RWE is carbon-neutral in 2040.
Vice President of Business Development