The recipient of a 2014 Bloomberg New Energy Finance FiRe award, the BRC was founded by Rocky Mountain Institute (RMI), a leading nonprofit transforming global energy use to create a clean, prosperous, and secure future. The BRC and RMI focus on market-based solutions to drive the cost-effective shift from fossil fuels to energy efficiency and renewable energy. In 2014, RMI merged with Carbon War Room.
By streamlining and accelerating corporate purchasing of wind and solar power, the BRC aligns very closely with the circular economy principle of using energy from renewable sources. Following a May 2015 meeting with its members, the BRC is now also focused on permeating renewable energy throughout companies’ supply chains, further strengthening the circular economy emphasis.
The BRC is focused relentlessly on a) reducing the complexity and failure rates of deals and b) increasing the speed, number, magnitude, and success rates of transactions for large-scale, off-site renewables. It works on six-month cycles to bring educational, informational, and transactional products to market (e.g., “how to” guides, renewable energy accounting primers, databases) that make it easier and faster for companies to find projects and project developers, secure needed internal support and approval, navigate the complex transaction process, and ultimately purchase the renewable energy they want.
The BRC sees corporate purchasing as a critical element for furthering the renewable energy component of a circular economy. The aspiration of the BRC is to eventually catalyse 60 GW of new installed wind and utility-scale solar capacity in the United States, a near-doubling from installed capacity as of 2014.