09:58 AM EDT, 05/22/2024 (MT Newswires) -- Rivian Automotive ( RIVN ) partnered with Pivot Energy to enable 60 megawatts of solar energy projects, according to a joint Wednesday statement from the companies.

Rivian committed to purchase renewable energy certificates or RECs generated from 50 megawatts of solar and will subscribe to 10 megawatts of community solar from Pivot Energy for its manufacturing facility in Illinois. According to the partners, these REC deals will enable the development of additional solar projects in the region.

Rivian and Pivot Energy also said they will invest $5,000 per megawatt built in local community organizations.

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