SANTA ROSA, Calif., April 27, 2012 /PRNewswire/ -- Ygrene Energy Fund, a leading provider of energy retrofit programs for local governments, today announced it has been awarded the silver 2012 Edison Award in the innovative services category for social innovation. The prestigious acknowledgement adds to a growing list of accolades recognizing Ygrene's leadership unlocking hundreds of millions of dollars to implement energy retrofits, create thousands of jobs and inject billions in economic stimulus.
"Ygrene is honored to be recognized for achievements in the inventive tradition of Thomas Edison," said Dennis Hunter, Ygrene Chairman. "Much as Edison's light bulb revolutionized how we live, we believe Ygrene's innovative financing program is revolutionizing how we use and save energy. Not all PACE programs are created equal, and as more and more leaders learn about the unparalleled economic power of our unique, privately funded model, we will continue our rapid growth to leading municipalities like Miami and Sacramento."
Ygrene has been recognized repeatedly for its leadership in energy efficiency financing in recent weeks, including the following accolades in regions where Ygrene's programs are in place.
- The City of Sacramento won the "Green Economic Development" award at the Green California Summit for its Clean Energy Sacramento program in partnership with Ygrene. CEO Dan Schaeffer spoke about Property Assessed Clean Energy (PACE) programs in a conversation at the Summit.
- Miami-based nonprofit Dream in Green awarded Ygrene the "Green Innovation Award" for outstanding community leadership and environmental stewardship.
- Ygrene partnered with the Coral Gables Chamber of Commerce in South Florida to recognize local businesses for green building and enterprise with the "Ygrene Means Green" award.
"Ygrene's work in cities, in my view, represents the greatest potential in the history of energy efficiency in America," said Murat Armbruster, senior advisor for Ygrene partner Carbon War Room. "We see the Ygrene-PACE model as the possibility of being the greatest privately funded jobs program the U.S., if not the world, has ever seen."
About Ygrene Energy Fund
Ygrene Energy Fund is the leading developer and administrator of Property Assessed Clean Energy (PACE) financing programs in the U.S. In partnership with Barclay's Capital, Lockheed Martin and Energi, Ygrene has unlocked more than $650 million of affordable, immediately accessible private financing for commercial and residential building energy upgrades in seven municipalities nationwide, including Miami and Sacramento. Each $100 million in Ygrene funding creates $250M in economic activity, 1,500 jobs, $25M in tax revenue and 5MW of renewable energy. For more, visit ygrene.us.
SOURCE Ygrene Energy Fund