RPD Energy
| Company type | Private |
|---|---|
| Industry | Renewable energy |
| Founded | 2014 |
| Headquarters | Houston , United States |
Key people | Eric Alam (CEO) |
| Products | Renewable electricity delivery |
| Owner | Axpo (minority interest) |
| Website | rpdenergy |
RPD Energy, previously known as Renewable Power Direct, specializes in delivering renewable electricity sourced directly to major commercial and industrial customers. Established in 2014, RPD holds authorization from the Federal Energy Regulatory Commission to operate as a wholesale power marketer.
Operating out of Houston, Texas, the company is headed by CEO Eric Alam. Its publicly acknowledged clientele includes Intuit Inc., Iron Mountain Incorporated, LG, and REI, a prominent outdoor retail company. During a webinar in March 2021, RPD disclosed it had facilitated renewable energy contracts for Adobe Inc. and McKesson Corporation. By January 2022, it announced providing services to BlackRock, recognized as the largest asset manager globally.
RPD’s pioneering approach to corporate green power procurement has been featured in publications such as Triple Pundit and GreenBiz. Forbes has also spotlighted its distinctive green energy affinity initiatives designed for both employees and customers of corporate purchasers.
In May 2020, Axpo’s U.S. division, affiliated with Switzerland’s leading renewable energy firm, acquired a minority interest in RPD while commencing wholesale market services to aid RPD’s expansion across various customer sectors. Axpo retains options to increase its stake as RPD grows.
Following a financing round in 2021, New York-based investment firm Arosa Capital joined the board of RPD.
RPD played a foundational role in establishing the Business Renewables Center (BRC), initiated by the Rocky Mountain Institute in February 2015 to facilitate streamlined corporate acquisition of large-scale off-site wind and solar power.