Thursday, August 19, 2010

GETS Energy Services Launches!

In our work to create social businesses that address significant problems in the U.S. we both create businesses ourselves (such as Emerge Loans) and we also work with community partners to find the best business models for creating a scalable solution. At New Foundry Ventures we are fortunate to work with many great partners in creating and scaling social enterprises. One of those partners is Rising Sun Energy Center, a Bay Area nonprofit with whom we have been working with this past year to help create an energy efficiency social enterprise. Rising Sun is now ready to launch the fruits of our collective efforts as a new social business. Here is some information about this exciting project!!

Please join us in celebrating the launch of GETS Energy Services, the pilot model of our Energy Efficiency Enterprise! We are excited to be piloting an enterprise in the energy efficiency space as we see this business model as a viable and sustainable social enterprise that can be replicated across the country (learn more).

GETS Energy Services is a triple bottom-line social venture that provides subsidized energy upgrade services to moderate-income residents in Berkeley and Richmond, California, while also providing transitional employment to graduates of Rising Sun's GETS (Green Energy Training Services) workforce development program. The workforce development program is a part of RichmondBUILD, an organization that seeks to meet the particular job training and support needs of Richmond residents, 40 percent of whom live in public housing and 30-40 percent of whom have a history with the criminal justice system. RichmondBUILD's goal is to provide job skills to people between the ages of 17-35 who are facing barriers to employment.

Our Partnership
In partnership with Rising Sun Energy Center, a Berkeley-based nonprofit, New Foundry Ventures is building on the growing market demand for home retrofits and the$625 million the government has already invested in green job training. This venture uniquely addresses the need for transitional jobs, hands on experience, and a more supportive work environment for green jobs graduates in the energy efficiency space.

Rather thanduplicate efforts, our two organizations decided to collaborate in early 2010 when we realized we were both working on an energy efficiency social enterprise that could be replicated in multiple communities. This partnership combines our proven ability to create successful and sustainable social enterprises and Rising Sun's expertise as a leading green workforce development and energy retrofit services organization, with over 15 years of green jobs training experience. This pilot will help us refine our Energy Efficiency Enterprise model and develop a turnkey 'business plan in a box' that can easily be replicated in other communities. We will then work with
Rising Sun to begin scaling this model through partnerships with other organizations across the U.S.

GETS Energy Services enterprise sets out to achieve three goals: improve moderate-income homeowners’ quality of life by lowering utility bills and making their home more comfortable, healthy, durable, and energy efficient; provide qualified graduates of Rising Sun’s GETS (Green Energy Training Services) with their first experience working in the green sector; and finally to reduce CO2 emissions.

How You Can Get Involved
Want to help create jobs in the green sector, help moderate-income homeowners reduce their energy bills, and help reduce CO2 emissions from the atmosphere - then call us about how we can help you start your own energy efficiency enterprise!

To learn more about GETS Energy Services, and determine if you or your friends can potentially benefit from its services, please contact Rising Sun at 510-655-1501 extension 17 or visit the website.

Stay in touch with us during this exciting stage of our development by following us on Twitter @GETS_ES and @newfoundry, and on Facebook at GETS Energy Services and New Foundry.

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