ryedevelopment.com - Rye Development

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We are searching for a Development Associate to help across multiple projects. Come join the Rye team.

Rye Development is pioneering a new type of renewable energy agreement that supports 24/7/365 carbon-free power for Iron Mountain Data Centers . The groundbreaking offtake agreement – the first of its kind in the hydropower industry – will speed the development of more than a dozen low-impact hydroelectric projects in Ohio, Pennsylvania and West Virginia over the next decade and help Iron Mountain move closer to achieving its sustainability goals.

Unlike a typical power purchase agreement (PPA) — where a buyer agrees to purchase energy from a single renewable energy project for a set period of time — Iron Mountain has agreed to purchase up to 150 megawatts (MW) of power over the next 10 years from several of Rye Development’s low-impact hydroelectric projects in the PJM wholesale electricity market.

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