Our Energy Story
It starts with a core belief: a strong clean energy ecosystem is critical for our region’s resilience. And that doesn’t just mean generating renewable energy from the sun, the wind or biomass. It means saving energy and investing in innovative clean tech, as well.
Since our founding, we’ve invested more than $50 million into clean energy projects in the Northwest. Over the next five years, we intend to increase our strategic engagement in the sector by replicating past successes, deepening roots with industry partners, and deploying another $50 million.
In this Annual Report, you’ll read about borrowers that made a commitment to write their own energy story. We hope you’re as inspired by them as we are.
After more than a decade in commercial lighting efficiency, Energy Wise began developing small-scale solar projects in 2009. Since then, owners Peter Greenberg and Rick Post have grown the business into one of the largest owners of distributed solar systems in Oregon. To date, Energy Wise has completed more than 160 installations, helping to stabilize energy costs for nonprofits, schools, tribes and ranches across the state. Craft3 started working with Energy Wise in 2013, providing installation and term loans to finance the construction of over 4.5 megawatts in new solar capacity. It’s just one way we’re supporting the growth of small-scale renewable energy in the Northwest.
Coastal Energy Project
Coastal Community Action Program provides housing, energy assistance and emergency social services to low-income families in Grays Harbor and Pacific Counties. When they needed financing to install four 1.5 megawatt wind turbines, CEO Craig Dublanko called Craft3 to see if we could help. The rest, as they say, is history. Watch the video below for the full story.
High Desert Biomass
“In Harney County, we depend on each other and work together to solve problems. Five years ago, the County and School District in Burns had a big problem: inadequate heating systems that were failing. In response, we created an innovative cooperative to provide heat to the community, fueled by debris from our local forests,” said Lori Cheek, High Desert Biomass Coop. “With the help of Craft3 and our other partners, we’re proud to ensure the long-term community ownership of this biomass district-heating system.”
“As an early-stage company, securing revolving construction financing was a complex and challenging hurdle to overcome," said Aaron Block, Allumia. "In the time since we received the loan through Craft3, Allumia has funded and developed efficiency projects that will save Washington residents and businesses over 4.5 gigawatt hours of electricity each year.”
Frank and Shellie
When Frank and Shellie purchased their 1901 Aurora home, it was in total disrepair. So, they started from scratch, stripping the house down to the studs and remodeling the entire structure. By the time they got to the inoperative baseboard heaters and old wood stove, the remodel project was $70,000 over budget – and they simply couldn’t afford to put another $8,400 on their credit card for a new heating system.
As they were weighing their options, Oregon Ductless told them about Energy Trust of Oregon’s Heat Pump Upgrade program, with financing through Craft3 and on-bill repayment through their PGE utility bill. The simple, no-stress process was a pleasant change after all the problems Frank and Shellie experienced with the house. We’re proud to have them join the 3,868 other families we’ve helped take control of their energy use since launching our Home Energy Loan in 2009.