NativeEnergy Celebrates 10 Years of Innovation

| 8/10/2010 5:16:27 PM

Tags: NativeEnergy, farm compost, renewable energy, Press Release,

South Burlington, Vt. NativeEnergy, an innovator in the United States carbon market, today launched its year-long 10-Year Anniversary program. The company was formed in August 2000 and soon began working with the Rosebud Sioux Tribe to develop and help finance the first tribally owned large scale wind turbine in the country. NativeEnergy’s newest project, posted on the company’s website today, is the Laurelbrook (CT) Farm Compost project. Laurelbrook joins 47 other projects that have been built with NativeEnergy customer support. Through the Anniversary program, NativeEnergy will reinforce the importance of the voluntary carbon offset market as an effective tool in the overall effort to fight global warming.

“We started with a dream to help build new renewable generation that supports sustainable local economic development,” says Tom Boucher, CEO and co-founder of NativeEnergy. “During the past decade, we — along with our many customers — have helped bring almost 50 exceptional new projects on line. Voluntary carbon offsets fashioned to bring upfront funding to deserving projects was new to the market. I didn’t really know what we might be able to do when we set out, but looking back I’m gratified by what we’ve accomplished.”

Fellow co-founder and NativeEnergy’s General Counsel, Tom Stoddard adds, “It was lonely at the start. People were skeptical about our approach. We often work with small projects that cannot rely on some regulatory requirement to succeed. They face financing hurdles, and financial institutions are hesitant or unwilling to invest all that is required. We developed a mechanism to help these worthwhile projects move forward when the conventional markets failed them.”

The NativeEnergy Help BuildTM model provides project developers with critical upfront revenues in return for a long-term stream of the project’s carbon reduction. NativeEnergy sells these reductions as carbon offsets. NativeEnergy’s customers include a who’s who of leaders in corporate sustainability, like Green Mountain Coffee Roasters, Stonyfield Farm, Ben & Jerry’s, Clif Bar, Aveda –all Charter Supporters of NativeEnergy’s previous project, the Greensburg (KS)Wind Farm.

“We’re proud to have worked with NativeEnergy during the past decade,” said Paul Comey, a pioneer in sustainability at Green Mountain Coffee Roasters. “Innovation is a risky business. I’m glad to see NativeEnergy thriving. ”

NativeEnergy’s projects have included wind projects on tribal lands and in small communities in the Mountain West and Midwest, dairy farm methane abatement projects in both the East and West, and transportation efficiency. “We have concentrated on working with projects where important community values are honored,” Mr. Boucher said, “and where exceptional environmental benefits are delivered.”

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