Continuing its efforts to accelerate a greener economy, Wells Fargo & Company said recently it has awarded a five-year, $500,000 grant to the UC Davis Energy Efficiency Center (EEC).Wells Fargo’s contribution provides core funding to assist the UC Davis EEC, one of the nation’s leading research centers, in its mission to accelerate the development and commercialization of energy efficient technologies and train future leaders in energy efficiency.“This is a great opportunity for Wells Fargo to invest in new and innovative technologies whose advancements will not only help us manage the efficiencies of our own operations, but will also provide solutions for our corporate, commercial and consumer banking customers,” said Bill Allen, senior relationship manager of the Wells Fargo Global CleanTech and Emerging Tech Markets Group.
Allen, with more than 20 years of financial services experience, will represent Wells Fargo on the UC Davis Energy Efficiency Center Board of Advisors.“We are delighted to welcome a banking partner to our group of leadership sponsors and look forward to advancing the ways finance will accelerate the roll out of energy efficiency,” said Nicole Woolsey Biggart, director of the Energy Efficiency Center.Wells Fargo’s other commitments at UC Davis include philanthropic support for the Robert and Margrit Mondavi Center for the Performing Arts outreach programs, and construction financing to UC Davis West Village, a planned zero-net energy community.
Wells Fargo continues to be committed to environmental leadership by providing long term financial solutions to its customers and communities. In 2011, the company totaled $2.8 billion in loan commitments and tax equity financing to businesses and projects with a direct positive impact on the environment. That brings Wells Fargo’s total environmental financing and investments to $11.7 billion since 2005, when the company first announced a dedicated environmental financing commitment.