New Energy Equity launches Lift As We Climb Foundation

New Energy Equity LLC, a solar developer and financier based in Annapolis, Tuesday announced the creation and funding of its Lift as We Climb Foundation.

The foundation was started by company employees as part of a 2020 initiative called Operation Shared Success, supporting New Energy’s core purpose of “Leaving behind a better world”.

Each year, New Energy Equity will donate a portion of profits from the company based on achieving goals set throughout the year. The foundation will deploy these funds to support non-profits dedicated to leaving behind a better world within their community, including the installation of solar energy projects, education, and training. New Energy has provided initial funding of $25,000.

The Foundation’s first contribution of $12,500 will fund Project Solar Rise Maryland, a collaboration of New Energy, Baltimore-based nonprofit The Power52 Foundation and global nonprofit educational organization Solar Energy International (SEI).

Project Solar Rise will provide Maryland residents pursuing careers in solar energy with scholarships for solar skills job training and support. The project is designed to serve eligible participants identified by Power52, including Maryland residents who are under or unemployed, previously incarcerated, immigrants or refugees.

Power52 will receive $7,250 to support construction of an interactive training space for teaching clean energy technical skills and cover the professional certification exams fee for six participants.

SEI will receive $5,250, providing approximately eight Power52 sponsored Maryland residents with scholarship assistance, technical training, and career resource support.

Through the Lift as We Climb Foundation, New Energy Equity is looking forward to contributing to these and other organizations committed to building a better world.