Recently, Seneca Environmental, owned by the Seneca Nation, negotiated the sale of renewable energy certificates (RECs) to San Francisco-based Pinterest, Inc., a social media platform for visual content sharing. The deal helps Pinterest power its offices with 100% clean energy.
Each renewable energy certificate represents one megawatt-hour of clean energy and can be sold on various federal and global markets. The certificates verify clean energy purchases and are tracked separately from the actual energy, which flows into the wider grid. In this case, Tribal Energy Certificates (TECs) function in the same way, but they are specifically tied to energy generated from Indigenous lands.
This exciting transaction is an opportunity to excel the Seneca Nation’s future and expand our assets for the good of our Community.
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