January 18, 2024
In addition to this recognition by the DOE, Onyx received the Diversity, Equity, and Inclusion Certification from the Solar Energy Industries Association.
What is the Better Buildings Initiative?
The Department of Energy’s Better Buildings Initiative is a national program designed to improve the lives of Americans by making the nation’s buildings more energy efficient. By partnering with leaders in the space, the Initiative seeks to accelerate investment and improve best practices in energy efficiency. The Initiative members comprise more than 900 public and private organizations, which have collectively saved 2.5 quadrillion Btus of energy. That’s the equivalent of $15.3 billion, and 155 million metric tons of CO2.
Onyx Renewables recognized for exceeding expectations in 2022
Aware of the prestige associated with the Better Buildings Initiative, James Arcieri (Analyst at Onyx Renewables) reached out to program representatives to include Onyx as a Financial Ally. After a thorough vetting and interview process, Onyx was accepted into the program and set its sights high for 2022, with a goal of more than $25 million in project financing.
After a successful year, Onyx was called upon to report its final investment data. Onyx broke down its financing activities by project type, contract type, and customer sector, highlighting the immense amount of work that went into Onyx’s eventual recognition as a goal-achiever as part of the Better Buildings Initiative.
When all was said and done, Onyx had actually financed more than $125 million in power purchase agreements and operating leases - five times more than its initial goal.
Two for one: Onyx received DEI certification in 2022 as well
In addition to being recognized in the Financing category of the Better Buildings Initiative, Onyx was awarded the Diversity, Equity, and Inclusion Certification from the Solar Energy Industries Association. SEIA members who complete certain programs, trainings, and DEI resource development can receive certification from the SEIA.
Onyx Renewables strongly embraces the richness of diversity, equity and inclusion as a cornerstone of its success, and understands that true cross-collaboration fuels the future.
With a strong 2022 and 2023 in the books, Onyx Renewables is looking forward to continuing its trajectory of growth and success.
Choosing the right partner is the most important part of any business’s renewable energy journey. If you are interested in the economic and environmental benefits of procuring renewable energy, reach out to Onyx Renewables today.
