Clean Energy Works aims to mobilize investment on a scale that matters and a timeframe that makes a difference. A nonprofit organization, we seek to leverage philanthropic funding to accelerate private capital utility investments in inclusive clean energy solutions at the grid edge.
We provide technical assistance and advisory services to nonprofit organizations, utility companies, transit agencies, community groups, regulators, and others interested in increasing inclusive investment in the clean energy economy.
Inclusive financing opens doors to the benefits of clean energy solutions by clearing barriers including those relating to access to capital and eligibility for financing, such as a household’s income, credit, and renter status. By allowing more people to access these solutions without taking on new debt, inclusive financing opens the clean energy economy to all. Inclusive financing using a Pay As You Save® (PAYS®) approach is unique in that it offers all utility customers the option to access cost-effective energy upgrades using a proven model for investment and cost recovery that benefits both the utility and its customers.
Our work on financing energy efficiency building upgrades won a Fire Award for high-impact innovation at the Bloomberg New Energy Finance 2015 Future of Energy Summit, and the idea of harnessing the strength and scale of utilities to attract and deploy capital for cost effective clean energy solutions won a top award from the Climate Strategies Accelerator in 2017. Pay As You Save® for Clean Transport was endorsed by The Global Innovation Lab for Climate Finance as a top finance instrument in 2018.
Clean Energy Works Team
Dr. Holmes Hummel
Clean Energy Works was founded by Dr. Holmes Hummel to accelerate investments in the clean energy economy with inclusive financing. As a champion for the Pay As You Save® (PAYS) system, Dr. Hummel led Clean Energy Works to win the FiRe Award for high-impact innovation at the Bloomberg New Energy Finance “Future of Energy Summit.” Dr. Hummel also serves on the board of Cornerstone Capital as well as Cleantech Open. Previously, Dr. Hummel served as the Senior Policy Advisor in the Department of Energy’s Office of Policy & International Affairs from 2009-2013. In addition to prior work with energy innovators in the Silicon Valley, Dr. Hummel earned a doctorate degree from Stanford University for interdisciplinary research on energy technology scenarios that achieve 100% clean energy for all.
Margarita leads international partnerships to implement PAYS for Clean Transport, with a focus on Latin America. Trained as an engineer with a masters in Environmental Engineering and a diploma in Sustainable Development, Ms. Parra has worked for two decades in Latin America, China, India, Europe, and the United States to reduce local air pollution and global carbon emissions from transportation. Prior to joining Clean Energy Works, she managed the low carbon transport portfolio of the Hewlett Foundation’s Global Climate Initiative. Ms. Parra serves on the Board of Directors of the Silicon Valley Bike Coalition and was highlighted as part of 50 global change makers in the Remarkable Women in Transport publication from Transformative Urban Mobility Initiative (TUMI).
Jenna brings more than ten years of project management experience to Clean Energy Works, where she focuses on communications and development in support of accelerating investment in the clean energy economy. Previously, Ms. Barron worked to secure funding for research and programs to eliminate labor and human rights abuses in global supply chains at Verité. At Oceana, Ms. Barron helped develop proposals for new initiatives leading to the founding of country offices in the Philippines, Brazil, and Canada. Ms. Barron holds a degree in Diplomacy and World Affairs from Occidental College in Los Angeles.