Renewed Support will Further Accelerate Bay Area Clean Energy Implementation
SAN JOSE, C.A., Aug. 13, 2014 – The Bay Area Climate Collaborative (BACC) today announced a renewal of anchor financial support from strategic partner Bank of America to advance high-impact clean energy initiatives in the San Francisco Bay Area, including next generation lighting, electric vehicles (EVs), and efficiency and clean energy in K-12 schools.
Now in its fifth year of partnership with the BACC, Bank of America has provided nearly $280,000 in grants which have accelerated regional programs that will yield near-term cost savings and carbon pollution reduction. These include the facilitating the two largest electric vehicle (EV) fleet deployments in the country with 140 EVs to over a dozen municipalities; the Bay Area Next Generation Streetlight Initiative, which has catalyzed the upgrade of over 70,000 streetlights to LEDs; and Energize Schools, supporting the Bay Area’s school districts in maximizing their clean energy investments.
In a July 8th press conference in Alameda County Bank of America Senior Vice President Gail Mohr, Alameda County Board President Keith Carson, Oakland Mayor Jean Quan, and other senior Bay Area leaders announced the landmark rollout of 90 all-electric vehicles to ten Bay Area local governments in what is the single largest municipal deployment of light-duty battery electric vehicles in the nation to date.
“Our support for organizations like the Bay Area Climate Collaborative plays a significant part in meeting our 10-year, $50 billion environmental business goal,” noted Mohr. “Through our partnership, we are helping to address climate change and advance immediate carbon reducing solutions which support the economy.”
“Bank of America’s support plays an instrumental role enabling some of the most substantive clean energy initiatives in the region,” said Rafael Reyes, Executive Director of the BACC. “We are grateful for their guidance and vision.”
About the Bay Area Climate Collaborative
The Bay Area Climate Collaborative (BACC) is a public-private initiative of the Silicon Valley Leadership Group established by business and civic leaders in 2009 to accelerate the clean energy implementation. BACC programs have committed over 54 million lbs. CO2 avoided over the next 10 years through its market oriented initiatives. BACC initiatives include facilitating the deployment of 140 electric fleet vehicles, over 150 EV charge ports, 70,000 LED street lights, and developing innovative programs such as Energize Schools. Anchor partners include Bank of America, PG&E, Environmental Defense Fund, major clean energy industry partners, and local governments representing over 70 percent of the Bay Area population. For more information on the BACC, please visit: baclimate.org.
About Bank of America
Bank of America is one of the world’s largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 57 million consumer and small business relationships with approximately 5,700 retail banking offices and approximately 17,750 ATMs and award-winning online banking with 30 million active users. Bank of Americais among the world’s leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.