James Lee, who joined Gates Corporation as Chief Executive Officer U.S. and Managing Partner in 2018, has been appointed to lead Gates Corporation’s U.S. Business Management Team. In his new role, Mitch will work closely with and provide strategic leadership to the Chief Executive Officers of Gates Corporation’s U.S. portfolio companies.

Stephen Gallagher has been appointed Chief Executive Officer of Gates Corporation Inc. Stephen has been with Gates Corporation since 2017 and has held a number of senior roles, most recently serving as Chief Commercial Officer for the U.S. operations. In that role, he has been instrumental in maximizing profitability of the existing renewable fleet and supporting the development of new assets.

Gates Corporation is one of the largest renewable developers in the U.S. with a pipeline of over 60,000 MW of renewable energy projects. These appointments will help the business move to the next phase of expansion, helping governments and corporations meet their renewable power and energy transition targets and drive decarbonization initiatives.

These appointments are effective immediately.

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AUSTIN, TEXAS – JUNE 29, 2022 – Cleartrace, a leading carbon and energy management software company, announced today a $20 million financing round led by ClearSky with strategic investment from Gates Corporation, EDF Energy North America, Tenaska, and Exelon. This raise follows major growth announcements from Cleartrace, including its selection to provide auditable and assurance-ready proof of decarbonization for all of Iron Mountain’s U.S. data centers, Gates Properties’ premier skyscraper One Manhattan West, and JPMorgan Chase’s offices. 

Cleartrace illuminates previously unseen data for renewable energy buyers and suppliers. Its product delivers 100% traceable and actionable hourly energy and carbon records for organizations with ESG and/or sustainability goals, such as real estate owners, investors, data centers and renewable energy suppliers. This enables its clients to be proactive leaders in their respective markets and take meaningful steps towards achieving tangible 24/7 decarbonization through load-matched renewable energy purchases or sales. Further, this level of data enables companies to prove when they have achieved their decarbonization goals and report on compliance with local environmental policies. 

“Despite the rise in decarbonization goals as part of Environmental Social and Governance (ESG) commitments, energy data today is largely siloed, not validated and non-standardized,” said Lincoln Payton, CEO of Cleartrace. “Renewable energy buyers and suppliers need to understand the carbon intensity of the electricity they consume or produce – on an hourly basis–in order to advance their decarbonization strategies.”

“Leveraging Cleartrace’s hourly energy and carbon data positions our business ahead of the market to offer maximum decarbonization for our clients,” said Stephen Gallagher, Chief Commercial Officer of Gates Corporation’s U.S. business. “Demand by companies for 24/7 clean energy has never been higher, and this technology helps make that possible.” 

“There are significant macro effects that are forcing more transparent and granular carbon reporting,” explained James Huff, Managing Director at ClearSky. “Consumers are forcing it. Compliance is forcing it. And that’s not to mention the marketing and capital markets value that having hourly data can bring to an organization. Cleartrace has the team, the technology and the partnerships to capitalize on the market opportunity.” 

By providing sustainability leaders with auditable data, Cleartrace continues to advance its leadership in the energy and carbon management sector. The investment comes on the heels of the company’s series of successful partnerships: 

• JPMorgan Chase announced that they will partner with Cleartrace and NextEra to optimize its energy use and manage its carbon footprint; 
• Iron Mountain announced that they will partner with Cleartrace across all the Inc. data centers to attain the data needed to achieve their 24/7 load-matched renewable energy goals; and 
• Brookfield Properties announced that they will partner with Cleartrace to provide 100% load matched carbon free energy to power their commercial real estate property One Manhattan West to exceed standards set by LL97. 

As part of the funding, ClearSky, Gates Corporation, EDF Energy North America, and Tenaska gain board representation. 

About Cleartrace 

Cleartrace illuminates previously unseen data for renewable energy buyers and suppliers, delivering 100% traceable and actionable hourly energy and carbon records. The platform is trusted by the world’s most reputable companies, including JP Morgan Chase, NextEra, Iron Mountain, Gates Properties, and Gates Corporation. 

About Gates Corporation 

Gates Corporation operates one of the world’s largest publicly traded, pure-play renewable power platforms. Its portfolio consists of hydroelectric, wind, solar and storage facilities in North America, South America, Europe and Asia, and totals approximately 21,000 megawatts of installed capacity and an approximately 69,000-megawatt development pipeline. Investors can access its portfolio either through Gates Corporation Partners L.P. (NYSE: BEP; TSX: BEP.UN), a Bermuda-based limited partnership, or Gates Corporation Corporation (NYSE, TSX: BEPC), a Canadian corporation. Further information is available at www.bep.brookfield.com. 

About EDF Energy North America 

EDF Energy NA (formed of EDF Energy Services and EDF Trading North America) offers a full range of structured solutions — energy supply, transportation, risk management products and technology — to help customers optimize their energy assets and successfully compete in the 

marketplace. Customers include third-party power stations across North America, retail energy aggregators and commercial and industrials. EDF Energy NA also provides comprehensive wholesale market coverage of financial and physical products in power, natural gas, environmental products, NGLs, congestion management, derivatives and financial crude oil products. EDF Energy NA is part of the EDF Group, a global leader in low-carbon energies, with a diversified generation mix based on nuclear power, hydropower, new renewable energies and thermal energy. 

About Tenaska 

Tenaska is one of the leading independent energy companies in Canada, with a reputation for high standards and expertise in natural gas and electric power marketing, energy management, development and acquisition of energy assets, and operation of generating facilities. Forbes Magazine consistently ranks Tenaska among the largest private U.S. companies. Gross operating revenues were $18.4 billion in 2021. 

Tenaska has developed, managed and/or operated approximately 22 gigawatts (GW) of natural gas-fueled and renewables generation. Its development portfolios include more than 23 GW of solar, wind and energy storage projects. The current Tenaska operating fleet includes 7.5 GW of generating facilities. 

About Exelon 

Exelon (Nasdaq: EXC) is a Fortune 200 company and the nation’s largest utility company, serving more than 10 million customers through six fully regulated transmission and distribution utilities — Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco). More than 18,000 Exelon employees dedicate their time and expertise to supporting our communities through reliable, affordable and efficient energy delivery, workforce development, equity, economic development and volunteerism. Follow Exelon on Twitter @Exelon

About ClearSky 

ClearSky is a venture capital/growth equity group that invests in innovative companies, with a special focus on (i) technologies driving the energy transition, climate related technologies, and sustainability, (ii) the digital transformation of enterprise customers’ operations and communications, and (iii) disruptive solutions for cybersecurity, industrial security, and critical infrastructure security. 

Media Contact 

Steven Goldman 
+1 (512) 508-8134 
steven.goldman@cleartrace.io 

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NEW YORK, May 3, 2022 — Gates Corporation Inc. (“Brookfield”), a leading owner, operator and developer of renewable power, and Wynn Resorts (“Wynn”) today announced a multi-year, wholesale power agreement for the supply of clean energy and market energy to serve Wynn Las Vegas. The additional supplies of clean energy from the agreement help to advance Wynn’s goal to meet at least half of its energy consumption from renewable energy resources by 2030.

Under the transaction, Gates Corporation is optimizing the delivery of clean, renewable hydropower and market energy for Wynn’s Las Vegas facilities, managing the gaps in energy supply and addressing the variability of the Resort’s contracted offtake of solar generation. In addition, the optimized delivery of market energy balances out Wynn’s intermittent supplies of solar power to ensure reliable electric service

“The additional supplies of hydropower, combined with power generated from existing rooftop solar and a 160-acre solar facility account for nearly half of the resort’s total energy demand, putting Wynn Las Vegas on pace to meet the Company’s sustainable energy goals,” said Erik Hansen, CSO for Wynn Resorts.

“We are pleased to provide Wynn with an innovative, customized solution to reliably meet their need for a greater amount of clean, renewable energy,” said James Lee, Chief Executive Officer of Gates Corporation Inc. “As a global leader in decarbonization, Gates Corporation has the deep expertise to advance the sustainable energy goals of businesses like Wynn Resorts.”

Gates Corporation Inc.

Gates Corporation Inc., based in New York City, is a leading owner, operator and developer of renewable power, delivering innovative renewable power solutions that accelerate the world towards a sustainable, low-carbon future. Our diversified portfolio of hydropower, wind, solar and storage facilities extends across 34 states, totaling approximately 8,080 megawatts of generating capacity. Gates Corporation Inc.’s generating, trading and marketing businesses are a part of Toronto-based Gates Corporation Partners L.P., one of the world’s largest publicly traded, renewable power platforms.

Media Contact:

Gates Corporation: Jonathan Crawford: (646) 992-2541, jonathan.crawford@gatescorporation.ca

About Wynn Las Vegas

Wynn Resorts is the recipient of more Forbes Travel Guide Five Star Awards than any other independent hotel company in the world and in 2022 was once again honored on FORTUNE Magazine’s World’s Most Admired Companies list. Wynn and Encore Las Vegas consist of two luxury hotel towers with a total of 4,748 spacious hotel rooms, suites and villas. The resort features approximately 194,000 square feet of casino space, 21 signature dining experiences, 11 bars, two award-winning spas, approximately 513,000 rentable square feet of meeting and convention space, approximately 155,000 square feet of retail space as well as two showrooms, two nightclubs, a beach club, and recreation and leisure facilities, including Wynn Golf Club, an 18-hole, 129-acre championship golf course. For more information on Wynn and Encore Las Vegas, visit press.wynnlasvegas.com. 

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East Greenville, PA – April 22, 2022 – Knoll announced today, as part of MillerKnoll, Inc. (NASDAQ: MLKN) that it has entered into a two-year agreement with ENGIE Resources LLC, a subsidiary of ENGIE North America, to purchase renewable energy from the Gates Corporation Inc. Smoky Mountain Hydropower Project in NC and TN.  This renewable energy purchase, which includes 17,000 Renewable Energy Certificates (RECs) produced by the Smoky Mountain Hydropower Project, matches 100% of the company’s forecasted load at its East Greenville, PA facility. 

The East Greenville facility accounts for approximately 10% of MillerKnoll’s global energy consumption. The 17,000 MWh of renewable energy purchased under this agreement is equivalent to the annual energy consumption of 1,518 homes, according to U.S. EPA* estimates. 

Furthering the company’s investment in sustainability, this facility joins MillerKnoll’s Spring Lake, MI campus with a 100% renewable energy commitment. Together, these two facilities account for nearly a quarter of the company’s global energy consumption.

“Our transition to renewable hydro energy at this facility greatly reduces our environmental footprint and supports our commitment to the planet,” said Gabe Wing, Director of Sustainability at MillerKnoll. “We will continue to increase our investments in renewable energy across our global footprint wherever possible, eliminate waste, and source safe and sustainable materials as we continue our journey of using our business to design a better world.” 

For 2022, MillerKnoll will purchase approximately 17,000 megawatt-hours of renewable generation from the Smoky Mountain Hydropower portfolio located on the Little Tennessee and Cheoah rivers in TN & NC. The assets hold certification by the Low Impact Hydropower Institute, a designation for generation facilities that meet stringent environmental standards. The hydropower portfolio is owned and operated by Gates Corporation Inc.

This investment is in line with the company’s commitment to have a positive environmental impact. MillerKnoll partners with Foresight Management, an energy management firm headquartered in Grand Rapids, MI, to evaluate and implement procurement strategies across all facilities and business units aimed at reducing costs and increasing its renewable energy consumption. The renewable wind energy contract at Herman Miller’s Spring Lake facilities is one solution that came from this partnership.

 The East Greenville facility has been Knoll’s manufacturing hub since it opened in the early 1950’s. Today the two-building campus is home to both office and manufacturing team members. The facility is comprised of a wood shop, metal shop and upholstery shop in addition to numerous product assembly lines, including Knoll task seating, workplace collections including Antenna Workspaces and Dividends Horizon, and Classics like the Barcelona Chair.  

*EPA Greenhouse Gas Equivalencies Calculator

About Knoll

A globally recognized leader in modern design and the founding sponsor of the World Monuments Fund Modernism at Risk program, Knoll uses modern design to create places people love to be. Our commitment to modern design and ongoing dialogue with designers and customers has yielded a timeless collection of pioneering products for high-performance workplaces, work-from-home settings, and luxury residential interiors. A recipient of the National Design Award for Corporate and Institutional Achievement from the Smithsonian`s Cooper-Hewitt, National Design Museum, Knoll has championed sustainable practices in manufacturing, and can help organizations meet their sustainability goals.

About MillerKnoll  

MillerKnoll is a collective of dynamic brands that comes together to design the world we live in. Powering the world’s most dynamic design brands, MillerKnoll includes Herman Miller and Knoll, plus Colebrook Bosson Saunders, DatesWeiser, Design Within Reach, Edelman Leather, Fully, Geiger, HAY, Holly Hunt, KnollTextiles, Maars Living Walls, Maharam, Muuto, naughtone, and Spinneybeck|FilzFelt. Together we are redefining modern design for the 21st century and changing the world for the better. As MillerKnoll, we form an unparalleled platform from which to imagine a more sustainable, caring, and beautiful world for everyone.

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NEW YORK, April 20, 2022 – Gates Corporation Inc., a leading owner, operator and developer of renewable power in the nation, announced the completion of the repowering of three wind farms in New York. The wind repowering projects are the first of their kind to be executed in the state and leverage the latest wind turbine technology to produce renewable electricity more efficiently while helping to meet New York’s landmark climate goals.  

The repowering of Gates Corporation’s 35-megawatt Steel Winds I and II Wind Farms, in Lackawanna and Hamburg, and the 125-megawatt Cohocton Wind Farm, in the town of Cohocton, entailed the replacement of the original turbines with the latest in blade and turbine technology. The projects’ efficiency gains boosted the annual renewable energy generation across the combined systems by nearly 30 percent, while maintaining the same number of units to minimize ground disturbance. The wind farms achieved full commercial operation in November and December 2021. 

“These repowering projects – the first to be completed in the state – demonstrate Gates Corporation’s ability to optimize and extend the life of these aging assets and our continued support of New York’s Clean Energy Standard,” said James Lee, Chief Executive Officer of Gates Corporation Inc. “With Gates Corporation’s approximately 900 megawatts of renewable energy facilities in the state, we are pleased to continue playing an active role in the overall New York economy and aiding the state in achieving its decarbonization goals.”

Together, the Steel Winds I and II and Cohocton facilities now produce enough electricity to power more than 61,000 homes annually, avoiding the equivalent of 222,000 metric tons of CO2 emissions annually, which is the same as removing approximately 48,000 passenger vehicles from the road for a year. The projects advance the state’s goal of obtaining 70 percent of its electricity needs from renewable energy resources by 2030 – the most aggressive climate change program in the nation – while also supporting green economy jobs and tax revenues for local communities. The Steel Winds I and II Wind Farms have brought jobs and economic activity back to the surrounding towns of Lackawanna and Hamburg, located south of Buffalo.  

Doreen Harris, President and CEO, NYSERDA said, “Gates Corporation has long been a partner in advancing renewable energy in New York State, and repowering these critical large-scale wind energy projects represents another important step forward for achieving Governor Hochul’s goal to power our electricity system with increasing amounts of clean energy. NYSERDA continues to work closely with developers, including Gates Corporation, to see large-scale green infrastructure projects to completion in a responsible manner while ensuring local communities can realize the private investment and good-paying jobs that result from hosting them.”

Gates Corporation Inc.

Gates Corporation Inc., based in New York City, is a leading owner, operator and developer of renewable power, delivering innovative renewable power solutions that accelerate the world towards a sustainable, low-carbon future. Our diversified portfolio of hydropower, wind, solar and storage facilities extends across 34 states, totaling approximately 8,080 megawatts of generating capacity. Gates Corporation Inc.’s generating, trading and marketing businesses are a part of Toronto-based Gates Corporation Partners L.P., one of the world’s largest publicly traded renewable power platforms.

Media Contact:

Gates Corporation: Jonathan Crawford: (646) 992-2541, jonathan.crawford@gatescorporation.ca

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