OneEnergy Renewables scores cash for carbon offset program

Bryce Smith of OneEnergy Renewables

OneEnergy Renewables, a Seattle startup that utilizes funds from its carbon offset and Renewable Energy Certificates program to bankroll new clean tech projects, has raised $1.3 million in funding from Northwest Energy Angels and others. According to a SEC filing, the company could raise an additional $1 million.

The company plans to use the money for the development of its Renewable Energy Certificates business (also known as RECs) as well as its own clean tech projects in solar, wind and biogass.

“OneEnergy Renewables provides RECs and carbon offsets to businesses and institutions, offering simple, meaningful, and affordable solutions to help meet renewable and greenhouse gas goals,” the company notes on its Web site. “Using proceeds from your REC and carbon offset purchases, we work directly with landowners and other partners to develop new solar, wind, and biogas projects from concept to operation.”

OneEnergy is working on roughly 15 projects in the U.S,, totaling about 300 Megawatts of clean energy power generation. Those include solar energy projects in Arizona and Ohio.

Separately, the company just rolled out a Renewable Energy Certificates program with the PaTu wind farm in Oregon.

Other programs include a methane digester, which is designed to create nearly five megawatts of clean electricity from the waste of more than 20,000 head of cattle.

Founded in 2009, the company is led by Bryce Smith. He previously served as the director of the Bonneville Environmental Foundation’s Project Management Group, where OneEnergy Renewables president Bill Eddie also worked.

  • Erichbritton

    What a racquet. Carbon Offsets. Really? Those are like me saying I am going to lose weight by paying my wife to eat less. If all this so called green energy is so great why can’t it stand on it’s own 2 financial legs.  The only way these utopian projects ever survive is from tax payer subsidies and donations. Take those away and we’ll see how long they last.

  • Mary Rose, NBIS

    Congratulations OneEnergy – what a great model for ramping up utility scale renewable energy projects. We’re pleased that OneEnergy is a member of the NBIS community of sustainable business leaders and look forward to further supporting your activities!