ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

GRID Alternatives Receives Grant to Expand Solar Power and Job Training Access Nationwide

By: 3BL Media

The philanthropic grant from Illumina will support clean energy projects in four regions across the U.S., working towards tribal energy sovereignty and lower-cost utility bills for income-qualified homeowners around the nation

SOURCE: Illumina

DESCRIPTION:

SAN DIEGO, Calif., June 5, 2022 /3BL Media/ – Science and social justice join together to advance climate and environmental justice as GRID Alternatives, a nonprofit organization providing access to clean, affordable renewable energy, transportation, and jobs to the communities most often harmed by systemic oppression across the nation, announced a $500,000 grant with Illumina, a global leader in DNA sequencing and array- based technologies, headquartered in San Diego, CA.

This philanthropic grant will unfold in four regions across the U.S. - Washington D.C.; Odanah, Wisconsin; California’s Bay Area; and San Diego, California - connecting to communities near Illumina hubs and supporting work on a list of projects ranging from energy sovereignty for elderly tribal members in the Midwest to clean, low-cost energy for homeowners in one of the nation’s costliest places to live.

As a result of this partnership, approximately 75 income-qualified families will receive solar - along with its accompanying low-cost, clean energy. Additionally, about 4,500 hours of job training will be made available to communities that have been burdened with high under- and unemployment rates, helping to bridge the solar industry’s need for good people, with local communities’ needs for good jobs.

“Human health and the health of our environment are intertwined, connecting our Mission with our commitment to operate responsibly and sustainably,” said Sharon Vidal, Head of Corporate Social Responsibility at Illumina. “We have integrated our sustainability goals with investment focused on projects that support a just transition to a carbon-free economy and shape a more sustainable and equitable future.”

High utility bills disproportionately impact communities who earn below 60% of the area’s median income level nationally. The median energy burden (the percentage of gross household income spent on energy costs) for these communities is more than three times higher than that of the communities earning above this 60% threshold. (“Affordable and Accessible Solar for All: Barriers, Solutions, and On-Site Adoption Potential,” National Renewable Energy Laboratory, September 2020, C2. https://www.nrel.gov/docs/fy21osti/80532.pdf).

“Every GRID Alternatives project has measurable impacts that align with our partners’ social and environmental responsibility goals. Illumina’s contribution will provide long-term financial savings to income-qualifying families, prepare workers for jobs in the growing solar industry, and contribute to greenhouse gas reductions,” said Dan Mueller, Development Officer at GRID Alternatives San Diego. “Our work benefits tens of thousands of people each year and has an impact at the top levels of industry, government, and media. GRID’s solar access, job training, and tribal programs are directly aligned with Illumina’s focus on supporting the energy transition needed to combat the climate crisis. These high-impact programs are continuously growing and evolving to meet this moment, all made possible by our passionate staff, dedicated volunteers, engaged clients, and of course, corporate partnerships.”

When asked about the grant, Paul Cleary, Executive Director of GRID Alternatives, was hopeful for a cross- industry, collaborative future and the widespread positive outcomes of the interconnection: “We are thrilled to be working with Illumina on this initiative based on our shared commitment to economic and environmental justice. If we are going to reach our climate goals, everyone needs to be part of the solution. Illumina’s generous support will have positive, lasting impacts across the country, and we are grateful for it.”

###

About GRID Alternatives

GRID Alternatives is a national leader in making clean, affordable solar power and solar jobs accessible to economic and environmental justice communities. Using a unique, people-first model, GRID develops and implements solar projects that serve qualifying households and affordable housing providers, while providing hands-on job training and connections to clean mobility and battery storage incentive programs. GRID has installed solar for more than 22,750 households to date and helped families and housing providers save $590 million in lifetime electricity costs, while training over 32,500 people. GRID Alternatives has eight regional offices and affiliates serving California, Colorado, the mid-Atlantic region, and Tribal communities nationwide, and serves communities in Nicaragua, Nepal, and Mexico. For more information, visit gridalternatives.org.

About Illumina

Illumina is improving human health by unlocking the power of the genome. Our focus on innovation has established us as a global leader in DNA sequencing and array-based technologies, serving customers in the research, clinical and applied markets. Our products are used for applications in the life sciences, oncology, reproductive health, agriculture and other emerging segments. To learn more, visit www.illumina.com and connect with us on TwitterFacebookLinkedInInstagram, and YouTube.

Learn more about Illumina’s Corporate Social Responsibility program, community impact, and progress here.

 

Tweet me: In celebration of #WorldEnvironmentDay, @illumina has provided a $500,000 philanthropic grant to @GRID, a nonprofit organization providing access to clean, affordable #RenewableEnergy and jobs to the communities most often harmed by systemic oppression. https://bit.ly/3zkLYS0

KEYWORDS: NASDAQ: ILMN, grid alternatives, solar power, job training, renewable energy

Photo: Courtesy of  GRID Alternatives. Woman in a hard hat working on a solar panel.

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.