OAKLAND, Calif.--(BUSINESS WIRE)--The 2024 World Changing Ideas Award winners were announced by Fast Company, featuring Intersect Power in the Sustainability category. Intersect Power, a leading clean energy company, was recognized for its transformative work to move the needle on deep decarbonization and combat climate change.
Intersect Power received honorable mention in the Sustainability category for its approach and delivery of clean energy infrastructure. The company is one of the largest operators of solar + storage facilities in the U.S. and utilizes a domestic supply chain to ensure the rewards of the energy transition can be felt by all Americans. From the deployment of shorter tenor contracts to unbundling RECs to American supply chain procurement to the deployment and operation of some of the largest Battery Energy Storage Systems in the country, Intersect Power leads the market in innovative industry approaches to accelerate the adoption of clean energy products.
“Intersect Power is proud to be recognized among the organizations making a positive impact in the world. It is clean energy portfolios like ours that will enable the deep decarbonization of our economy,” said Sheldon Kimber, Intersect Power’s Founder and CEO. “To avoid the worst impacts of climate change, only the multi-gigaton levers matter. Explosive growth in green infrastructure has the potential to get the planet to net zero emissions on its own, without any new breakthroughs.”
Intersect Power develops and owns the clean energy resources that enable this transition. Over the next five years, Intersect plans to triple the size of its portfolio of 2.2 GW of solar PV and 2.4 GWh of battery storage and expand its presence in grid-tied renewables and large-scale behind-the-meter clean energy assets, including green fuels and data centers.
The high capacity factor, low cost, clean electricity the company is developing today, combined with cost declines in renewable energy, will enable the inevitable zero-carbon industries of tomorrow and will be at the heart of The Nexus of Deep Decarbonization.
The Fast Company World Changing Idea Awards recognize fresh sustainability initiatives, cutting-edge AI developments, ambitious pursuits of social equity, and other creative projects that are helping mold the world. A panel of Fast Company editors and reporters selected winners from a pool of more than 1,300 entries across climate, social justice, wellness, politics, technology, corporate social responsibility, and more.
About Intersect Power
Intersect Power is a clean energy company bringing innovative and scalable low-carbon solutions to its customers in global energy markets. We develop, own, and operate some of the world’s largest clean energy resources providing low-carbon electricity, fuels, and related products to customers for U.S. consumption and international export.
Founded in 2016, Intersect Power is laser-focused on scalable, transformative clean energy projects that move the needle on deep decarbonization and redefine the scope of the clean energy industry by enabling new pathways between clean electricity and the broader economy.
We have a base portfolio of 2.2 GW of operating solar PV and 2.4 GWh of storage in operation or construction. Our business plan includes growth in grid-tied renewables, as well as large-scale clean energy assets, including battery storage, data centers, and green fuels.
To learn more, visit www.intersectpower.com.
About The World Changing Ideas Awards
World Changing Ideas is one of Fast Company’s major annual awards programs and is focused on social good, seeking to elevate finished products and bold concepts that make the world better. Judges choose winners, finalists, and honorable mentions based on feasibility and the potential for impact. With the goals of awarding ingenuity and fostering innovation, Fast Company draws attention to ideas with great potential and helps them expand their reach to inspire more people to work on solving the problems that affect us all.
About Fast Company
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.
