Ripple (XRP) to fund solar energy projects in the United States

San Francisco-based blockchain payments company Ripple has partnered with Nelnet Renewable Energy, the renewable energy investment business of NYSE-listed Nelnet, on a US$44 million clean energy fund to support solar energy projects in the United States, the company said.

  • The solar projects financed by the Ripple Nelnet Renewable Energy Fund are estimated to offset over 1.5 million tons of carbon dioxide, which is the equivalent amount of CO2 emissions from consuming 154 million gallons of gasoline, the company statement said.
  • “Guaranteeing a clean energy future is a major priority across every industry, not only to drive future economic growth but also to ensure a more sustainable world,” said Ken Weber, head of social impact at Ripple. “As the adoption of cryptocurrencies and blockchain continues to grow, it’s evident that the technology will underpin our future financial systems.”

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