Arcadia Partners With Goldman Sachs, Biogen to Offer Clean Energy to Homes as an Employee Benefit
February 5, 2021 Email This Story Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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Arcadia, which describes itself as, "a monthly subscription service that connects renters and homeowners across the U.S. to clean energy through their existing utility," announced a new partnership with Goldman Sachs that will offer all of the firm's U.S.-based employees access to 100% clean energy in their homes.
If employees live in any one of these states they can also sign up for community solar: MA, RI, NY, IL, CO, MD, and ME.
Under Arcadia's program, Arcadia connects workplaces in any state with 100% clean energy for their employee's homes, and companies can also choose to subsidize monthly bills for their team through the platform.
Arcadia also announced that Biogen, a neuroscience company, is also working with Arcadia to offer such a program to employees, and Biogen is covering Arcadia membership costs for US-based employees
For Biogen employees participating in the company's Renewable Electricity Opt-in Program, Biogen will cover the cost premium of purchasing 100% renewable electricity
US-based employees have the option to participate in the Arcadia subscription program, while those in the US and international locations that have already signed up to a 100% renewable electricity contract with their home energy supplier can receive a fixed annual reimbursement of $200 USD. For employees that cannot enroll in renewable electricity programs due to regulatory restrictions, who do not pay their electricity, or that want an alternative to the fixed annual reimbursement, Biogen will purchase and retire 11 megawatt-hours of renewable energy credits, an amount equal to the average household usage.