Arcadia acquires RPD Energy, empowering businesses to purchase cleaner, more resilient energy

PR Newswire

WASHINGTON, Feb. 10, 2025

Acquisition brings Constellation veteran Rohit Marwaha to lead Arcadia's procurement offering for onsite and offsite power

WASHINGTON, Feb. 10, 2025 /PRNewswire/ -- Arcadia, the global utility data and energy solutions platform, today announced the acquisition of RPD Energy, the nation's leading provider of innovative renewable energy solutions. This acquisition enhances Arcadia's new suite of Enterprise Solutions, expanding its Energy Procurement Advisory offering for businesses across the US.

Over the past decade, RPD Energy has been at the forefront of clean energy procurement and has pioneered novel transaction structures delivering additional renewable supply to end-use customers, with customized cost and risk analysis. Through deep market knowledge, wholesale and retail structuring expertise, and advanced analytics, RPD Energy delivers some of the most innovative energy procurement solutions in the market today -- including an award-winning 24/7 Carbon-Free Energy product. RPD's customer list includes blue-chip corporations such as Iron Mountain, Adobe, Intuit, and UPS.

"As we enter a world of energy scarcity, corporate buyers are increasingly looking for custom procurement solutions that achieve energy security and sustainability goals," said Kiran Bhatraju, founder and CEO of Arcadia. "The old model is broken -- reliant on manual processes and narrow solutions that lack data-driven insights. By combining RPD Energy's innovative approach with Arcadia's technology platform and community solar program, we can deliver smarter, more comprehensive procurement solutions to our enterprise customers."

Unlike traditional brokers and advisors, Arcadia -- through this acquisition, in-house capabilities, and partners -- can now uniquely assess and execute on all energy options, both onsite and offsite, tailored to an individual meter's load and the markets they operate in. The company's Energy Procurement Advisory offering includes:

   -- Flexible supply agreements, from 0-100% clean, to meet your 
      sustainability goals 
 
   -- Community solar 
 
   -- Direct purchase from renewable generators 
 
   -- Behind-the-meter solar and storage 
 
   -- Demand-side management and demand response 
 
   -- Utility tariff optimization 
 
   -- RECs, offsets, and other data-driven energy management solutions 

Arcadia operates the nation's largest community solar portfolio with over 2 GW of capacity, helping 2,500 organizations secure localized clean energy contracts. Its platform powers millions of solar and storage analyses annually. With the addition of RPD Energy's expertise, Arcadia now offers an even more comprehensive approach to integrating onsite and offsite solar into broader energy procurement strategies.

Former Constellation Energy commodities executive, Max Duckworth, who served as RPD Energy's board chair, commented, "We're delighted to be acquired by Arcadia, who we regard as the ideal organization to take RPD Energy's carbon-free energy $(CFE.AU)$ offerings to the next level. By integrating RPD Energy's structuring know-how and partner network into Arcadia's industry-leading solutions platform, thousands of businesses will be empowered with smarter procurement strategies that optimize across their energy security, cost savings, and sustainability goals."

Through this acquisition, Rohit Marwaha, EVP of Product Development and Supply at RPD Energy, will lead Arcadia's onsite and offsite energy procurement advisory offerings and continue to drive innovation in enterprise solutions. Marwaha brings 20 years of customer solutions and supply structuring experience.

For more information, get in touch with Arcadia's team at arcadia.com/contact or visit https://www.arcadia.com/solutions/energy-procurement-advisory

About Arcadia

Arcadia is the global utility data and energy solutions platform. With our leading data platform, AI-powered analytics, industry expertise, and expansive partner network, we deliver solutions for every stage of the enterprise energy management lifecycle across carbon, cost, and reliability. Arcadia also manages the nation's leading community solar program.

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SOURCE Arcadia

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February 10, 2025 10:01 ET (15:01 GMT)