Hannon Armstrong Basis Announces New Partnerships to Progress Climate Justice

Grants to Guidance Underserved Communities with Systems Centered on Local community Resilience, Careers in Sustainability, and Vitality Effectiveness Creating Upgrades

ANNAPOLIS, Md., April 12, 2022–(Business enterprise WIRE)–The Hannon Armstrong Foundation (NYSE: HASI), a non-financial gain philanthropic corporation with a mission to accelerate a just transition toward an equitable, inclusive, and local climate constructive potential, right now introduced a few new multi-12 months partnerships with top non-earnings corporations focused on community resilience, occupations in sustainability, and electricity efficiency building upgrades.

The Foundation’s partnerships with Groundswell, SEI, and Southface Institute will produce funding to strengthen direct obtain to very affordable clear electricity and well being-boosting products and solutions for communities that contend with disinvestment and inequities offer training and schooling chances for careers in local weather options at historically Black faculties and universities and people that serve other communities of colour and equip non-income with money and technological sources to make sustainable building enhancements.

“The Hannon Armstrong Basis is dedicated to supporting the most impactful businesses functioning at the intersection of social justice and local weather action,” said Jeffrey W. Eckel, President, Hannon Armstrong Basis. “We are honored and grateful to assist assist the development of these distinctive plans and services available by Groundswell, SEI, and Southface Institute.”

Satisfy our partners:

Groundswell

Groundswell builds neighborhood ability via equitable neighborhood photo voltaic tasks and resilience centers, cleanse strength programs that reduce strength burdens, and groundbreaking analysis initiatives that support light the way to cleanse electrical power futures for all. It leads clean up energy courses and jobs in 6 states, such as the District of Columbia, serving a lot more than 5,000 profits-qualified buyers with a lot more than $1.85 million for every yr in clean up energy savings.

With funded support from the Hannon Armstrong Foundation, Groundswell will develop up to 8 new neighborhood resilience center web-sites in Baltimore, aid advance at minimum two local community resilience centre websites into the building section and identify an extra Maryland group that is all set to create its own electrical power resilience heart plan.

Groundswell resilience centers merge solar and electricity storage on a microgrid to continue to keep the lights, heating, and air conditioning on when the electric power goes off, providing crucial services for members of the community that are additional probably to practical experience outages and much less likely to have ample resources through emergencies. Their technique puts communities first by involving regional citizens to discover wherever resilience facilities should really be designed and to ascertain which services are priorities.

“Making electrical power resilience can do more than maintain the lights on. Resilience can be reparative, assist the regeneration of communities, and make wealth. It is our privilege to be alive at a time when the transformation of our electrical power devices can do justice, and it is our pleasure to provide that eyesight,” reported Michelle Moore, CEO, Groundswell.

SEI

SEI (Strategic Electrical power Improvements) is an environmental non-gain that builds leaders to travel sustainability remedies. For almost 25 yrs, SEI has partnered with universities, communities, and corporations across sectors to establish a management pathway from elementary faculty to early occupation. Its flagship applications (Energize Faculties, Energize Schools, College of Environmental Leadership, Local climate Corps, and Energize Professions) educate and empower students and rising industry experts to make flourishing, resilient communities. SEI’s Climate Corps plan is an award-successful, bridge-to-job fellowship application that recruits and areas climbing weather pros with higher training institutions to apply weather adjust fairness and resiliency projects.

With help from the Hannon Armstrong Foundation, SEI will extend its Local weather Corps application. SEI will teach the region’s local weather and vitality workforce of the future and make capacity at Traditionally Black Schools and Universities (HBCUs) and other universities serving traditionally underrepresented communities in the local climate room to advance weather defense initiatives in the location. SEI will develop on Hannon Armstrong Foundation’s present partnership with Morgan State University as element of the pilot year of its expanded Climate Corps on Campus.

“The Hannon Armstrong Foundation and SEI both equally notice that the environment demands much more people today from all backgrounds putting local weather remedies into spot in their communities,” claimed Cyane Dandridge, ​Founder and Executive Director, Strategic Strength Innovations (SEI). “Constructing the future generation of local climate leaders normally takes teamwork, and SEI is grateful to the Hannon Armstrong Foundation for increasing the Local climate Corps system to establish capability at Minority Serving Institutions, help large-high-quality skilled instruction and mentorship, and make sustainability-concentrated networks.”

Southface Institute

Southface Institute is a sustainable creating nonprofit that strengthens fairness and the natural environment by transforming residential and business buildings at each and every phase of the building lifestyle cycle. Due to the fact 1978, Southface has collaborated with other nonprofits, firms, builders, builders, universities, governing administration organizations, and communities to provide sensible methods with tangible outcomes for the world and all its inhabitants.

With funded help from the Hannon Armstrong Basis, Southface will pilot a new design of staff engagement inside their GoodUse plan, which equips 45-50 non-profits each and every yr to lower running costs and experience cost savings to reinvest into core providers to the neighborhood. This is attained by facility and operational upgrades that raise source performance, decrease utility charges, and enhance indoor air quality. In the pilot, Hannon Armstrong staff members ambassadors will enable review and decide on grantees from their possess communities. These communities will advantage from the enhance in investment while the ecosystem will advantage from the reduction of greenhouse gasoline emissions.

“Southface is fired up to lover with the Hannon Armstrong Foundation to develop the impact of GoodUse in the Mid-Atlantic and Northeast,” explained Jim Neal, Interim President, Southface Institute. “This expansion will fork out off for non-income and communities in the course of the location in a deep and lasting way, all while mitigating local climate transform. With our aligned plans and the profound will need for mission-pushed investments, this is a single effective partnership.”

About Hannon Armstrong Basis

The Hannon Armstrong Foundation’s mission is to speed up a just changeover towards an equitable, inclusive, and weather favourable upcoming. Hannon Armstrong resources the Hannon Armstrong Basis via an annual Social Dividend. The Foundation’s philanthropic priorities incorporate providing local climate alternatives for deprived communities supporting profession pathways in climate remedies for historically disadvantaged communities and those impacted by weather adjust and the vitality changeover and strengthening the social cloth and endorsing economic and weather resilience in our community communities. For more data, you should take a look at hannonarmstrong.org.

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Contacts

Media Inquiries
Gil Jenkins
443-321-5753
[email protected]

Basis Inquiries
Chad Reed
410-571-6189
[email protected]