Rivian and Clearloop Partner on Solar Project

Rivian and Nashville-based Clearloop are partnering to bring online Rivian’s first megawatt of renewable electricity in a uniquely impactful way. Their approach brings solar energy to a part of the country where new renewable development can help to maximize system-wide carbon reductions. “Clearloop is opening up a new solar financing mechanism that focuses on the carbon impacts rather than the megawatt hours. Representatives from Clearloop, Paris BTU, Rivian and the Tennessee Valley Authority attended a groundbreaking ceremony on April 26. Tennessee’s grid, for example, is powered by 0.4% solar, while electricity in California is produced by nearly 16% solar.