Founder & President
Local Power LLC
Haydenville, Massachusetts, United States
Paul Fenn, Founder & President of Local Power LLC, has over thirty years of success developing a new energy program that allows communities to become energy independent and sustainable, saving Americans billions of dollars, causing many Gigawatts of new renewable energy developments and resulting in record greenhouse gas reductions. Featured in dozens of publications from Bloomberg to Fast Company, and quoted in hundreds of news outlets including the Wall Street Journal and the New York Times, Mr. Fenn's work is the focus of numerous academic studies from MIT to Cambridge University Press, and is widely recognized for major innovations in energy policy, law, finance, data analysis, program design, and engineering.
After coauthoring the original municipal aggregation law in Massachusetts twenty-five years ago, and drafting a second generation "CCA 2.0 law" in California in 2000, Fenn drafted San Francisco's 2001 landmark "Climate Bond" authority, Prop H. Fenn wrote a third generation "CCA 3.0" model for climate mobilization in 2020.
In 2024 half of the US energy market allows CCA and 1800 municipalites serve 10% of Americans. Massachusetts’ green municipal aggregation programs have increased demand for renewable energy by over 1 million megawatt-hours. California's CCA 2.0 model already beat every utility in the nation according to NREL. Nine California CCAs are among the top ten utilties nationwide for the number of customers served renewable power above state requirements, representing 4.6M customers, compared to the next next ten US utilities listed, which serve only 650K customers: nearly 10X!
CCA 2.0 programs in California have committed $30B ($6B of it Fenn's "Climate Bonds") in 14GW of new renewables, creating 29,000 local green construction jobs. In 2024, Local Power is implementing CCA 3.0 in New York State, a new CCA model that "standardizes voluntary customer investment in Distributed Energy Resources as a retail electricity service."
Wednesday, February 14, 2024
12:00 PM – 12:25 PM ET