Stories of Technology, Innovation, & Entrepreneurship in the Southeast

Clearloop, a Silicon Ranch company and leading provider of carbon solutions that accelerate decarbonization of the electric grid and expand renewable energy access in American communities that can benefit the most, announced Friday that Intuit Inc., the global financial technology platform, and national specialty outdoor retailer REI Co-op, flipped the switch on the new 2.8 MW_DC White Pine Solar Farm in White Pine.

Intuit and REI each supported the development of 1.4 MW_DC of the solar project through Clearloop’s unique and innovative approach to helping organizations reclaim their carbon footprint. This combined effort is estimated to prevent more than 162 million pounds of carbon from entering the atmosphere over the project’s lifetime and will produce enough low-cost electricity to help power nearly 400 homes in the local community. In addition to Intuit and REI’s support, the solar project is made possible by the Tennessee Valley Authority’s Dispersed Power Program and the cooperation of local power companies including Morristown Utility Systems.

Since 2021, Intuit has worked with Clearloop to decarbonize the grid while expanding access to renewable energy across Tennessee. Intuit’s support of the White Pine Solar Farm builds upon its ongoing partnership with Clearloop and ongoing efforts for its Prosperity Hub Program in Morristown and the surrounding areas. Intuit launched the Prosperity Hub Program in 2016 to promote economic prosperity for people and communities in need.

To further support the surrounding communities, Intuit is donating 1,600 renewable energy certificates (RECs) per year for the next 40 years evenly across the Jefferson County and Hamblen County schools, making these among the first communities to specifically power local public schools with renewable energy in Tennessee, and among the first green-powered schools in the Southeast. As part of the unique collaboration with Intuit and the local school systems, Clearloop is making a one-time $100,000 scholarship donation ($50,000 per school system) for high school seniors in the Jefferson and Hamblen County, Tennessee school systems.

 

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