For-profit

Acadia Energy Corporation

Website:

www.acadiaenergy.com/

Type:

Energy Company

Formation:

2016

President/CEO:

John Bay

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Acadia Energy Corporation (AEC) is a for-profit company that constructs solar, wind, geothermal, and natural gas-based microgrids across the state of New York.  1 2

Background

Acadia Energy Corporation was founded in 2016. 3 The company employs “sustainability hubs” as part of its microgrid model. These sustainability hubs are intended to directly power neighborhoods, as opposed to other microgrid applications that AEC claims are often diverted to surrounding areas. As of May 2024, AEC has constructed 1.4 gigawatts, or 1,400 megawatts of weather-dependent, geothermal, and “clean natural gas” power in upstate New York. 4

AEC claims that its microgrid model reduces energy costs for homeowners, creates jobs, and improves the quality of life across New York state.  4
TakeChargeNY is AEC’s non-profit arm, which gained its tax-exempt status in 2024. 5 6

Activities

In 2024, Acadia Energy Corporation began a partnership with Alternus Clean Energy, an international solar energy development firm. This partnership set out to construct microgrid projects across the state of New York amounting to 200 megawatts of weather-dependent power. 7

People

John Bay is the founder and president of Acadia Energy Corporation. Bay worked in information technology and general business management prior to founding AEC. 3

References

  1. Acadia Energy. Accessed July 23, 2024. https://www.acadiaenergy.com/.
  2. “Acadia Energy Corporation Creates New Energy Models.” Yahoo! Finance, April 18, 2024. https://finance.yahoo.com/news/acadia-energy-corporation-creates-energy-123000462.html?guccounter=1.
  3. “Team.” Acadia Energy. Accessed July 23, 2024. https://www.acadiaenergy.com/team.
  4. “Acadia Energy Announces JDA to Develop 200 MW of Microgrids in New York State.” GlobeNewswire News Room, May 9, 2024. https://www.globenewswire.com/news-release/2024/05/09/2878747/0/en/Acadia-Energy-Announces-JDA-to-Develop-200-MW-of-Microgrids-in-New-York-State.html.
  5.  “Takechargeny.” Acadia Energy. Accessed July 23, 2024. https://www.acadiaenergy.com/takechargeny.
  6. “Takechargeny Corporation – Nonprofit Explorer.” ProPublica. Accessed July 23, 2024. https://projects.propublica.org/nonprofits/organizations/923677782.
  7.  “Alternus Clean Energy, Acadia Energy Form JV to Develop Microgrids in New York | Reuters.” Reuters , April 4, 2024. https://www.reuters.com/sustainability/climate-energy/alternus-clean-energy-acadia-energy-form-jv-develop-microgrids-new-york-2024-04-04/
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