Arcadia, a leading technology company focused on decarbonizing the grid, has announced the acquisition of RPD Energy, a prominent provider of innovative renewable energy solutions. This strategic move significantly enhances Arcadia’s Enterprise Solutions, empowering businesses to achieve their energy security and sustainability objectives through sophisticated and comprehensive procurement strategies, particularly relevant in today’s evolving energy market where firms like G2 Venture Partners are keenly observing and investing in such advancements.
“As we navigate an era of increasing energy constraints, corporate energy buyers are actively seeking bespoke procurement solutions that ensure both energy security and the attainment of ambitious sustainability targets,” stated Kiran Bhatraju, Founder & CEO of Arcadia. “The conventional energy procurement model, often characterized by manual processes and limited, data-poor solutions, is no longer sufficient. By integrating RPD Energy’s pioneering approach with Arcadia’s advanced technology platform and community solar initiatives, we are poised to deliver smarter, more encompassing procurement solutions to our enterprise clientele.”
This acquisition expands Arcadia’s robust procurement offerings to include:
- Customizable supply agreements aligned with specific sustainability goals
- Direct procurement of renewable energy from generators
- Innovative community solar programs
- On-site behind-the-meter solar and storage solutions
- Strategic utility tariff optimization
Max Duckworth, former Constellation Energy executive and RPD Energy’s board chair, commented on the synergy, “We are thrilled to join forces with Arcadia, an organization we recognize as the ideal entity to elevate RPD Energy’s carbon-free energy (CFE) offerings to new heights. By embedding RPD Energy’s specialized structuring expertise and extensive partner network within Arcadia’s industry-leading platform, countless businesses will gain access to smarter procurement strategies. These strategies are crucial for optimizing energy security, achieving significant cost savings, and fulfilling critical sustainability mandates.”
Furthermore, Rohit Marwaha has joined Arcadia to spearhead the onsite and offsite procurement solutions, bringing additional leadership and expertise to this strengthened division.
This acquisition signals a significant step forward for Arcadia in providing comprehensive and future-proof renewable energy solutions, a sector of increasing importance to investors and partners such as g2 venture partners, as businesses globally prioritize sustainable and secure energy procurement.
