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Arcadia's Strategic Acquisition of RPD Energy

Arcadia has recently made waves in the energy sector with its acquisition of RPD Energy, a leader in innovative renewable energy solutions. This strategic move marks a significant expansion of Arcadia's Enterprise Solutions, aimed specifically at businesses seeking cleaner and more resilient energy procurement options.

The Energy Landscape

Over the past decade, RPD Energy has established itself at the forefront of clean energy procurement. The company is renowned for pioneering novel transaction structures that deliver renewable energy supply to end users, tailored with customized cost and risk analyses. With a customer portfolio that includes high-profile corporations such as Iron Mountain, Adobe, Intuit, and UPS, RPD Energy has consistently provided cutting-edge energy procurement solutions. Notably, their 24/7 Carbon-Free Energy product has received numerous accolades, showcasing their commitment to sustainable energy.

A Necessity for Custom Solutions

As energy scarcity becomes an increasingly pressing issue, corporate buyers are shifting their focus towards securing custom procurement solutions that align with their energy security and sustainability objectives. Kiran Bhatraju, founder and CEO of Arcadia, articulated this need by emphasizing the limitations of traditional energy procurement models. These outdated methods often rely on manual processes and lack the data-driven insights crucial for informed decision-making.

Combining Forces for Innovation

By merging RPD Energy’s innovative procurement strategies with Arcadia’s robust technology platform and community solar program, the new partnership is positioned to redefine energy procurement. Arcadia can uniquely assess and execute tailored energy solutions that cater to specific meter demands, whether onsite or offsite. Their Energy Procurement Advisory now includes:

• - Flexible supply agreements ranging from 0-100% clean options
• - Community solar initiatives
• - Direct purchases from renewable generators
• - Behind-the-meter solar and storage solutions
• - Demand-side management and response solutions
• - Utility tariff optimization
• - Renewable Energy Credits (RECs) and other data-driven energy management frameworks

Arcadia already boasts the nation's largest community solar portfolio, with over 2 GW of capacity supporting 2,500 organizations in their quest for localized clean energy solutions. With the fresh infusion of RPD Energy’s expertise, Arcadia is well-equipped to provide a comprehensive strategy necessary for integrating onsite and offsite solar solutions into broader energy management practices.

Leadership for Future Growth

Taking the reins of Arcadia's onsite and offsite energy procurement advisory services is Rohit Marwaha, previously EVP of Product Development and Supply at RPD Energy. With over 20 years of experience in customer solutions and supply structuring, Marwaha is tasked with driving continuous innovation in the enterprise solutions arena. Meanwhile, Max Duckworth, a former commodities executive at Constellation Energy and RPD Energy board chair, expressed his enthusiasm for the acquisition. He believes that Arcadia is the perfect organization to elevate RPD Energy’s carbon-free energy (CFE) offerings, empowering thousands of businesses to optimize their energy strategies across security, cost-effectiveness, and sustainability.

Conclusion

Arcadia's acquisition of RPD Energy signifies a bold step forward in the arena of sustainable energy solutions. As the demand for cleaner energy grows, this partnership is set to reshape how enterprises approach their energy procurement, making it both intelligent and sustainable. For those keen on integrating energy solutions, contacting Arcadia's team could be the next step towards more efficient energy management.