annual report 2019–2020

Energy Solutions for the Decisive Decade

M OUN KY T C A I O N

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IN S T E Rocky Mountain Institute Annual Report 2019/2020TIT U1 04 Letter from Our CEO

08 Introducing RMI’s New Global Programs

10 Diversity, Equity, and Inclusion Contents. 2 Rocky Mountain Institute Annual Report 2019/2020 Cover image courtesy of Unsplash/Cassie Matias

14 54 : Making the Board of Trustees Future a Reality

22 62 Think, Do, Scale Thank You, Donors!

50 104 Financials Our Locations

Rocky Mountain Institute Annual Report 2019/2020 3 4 Rocky Mountain Institute Annual Report 2019/2020 Letter from Our CEO

There is no doubt that humanity has been dealt a difficult hand in 2020. A global pandemic and resulting economic instability have sown tremendous uncertainty for now and for the future. Record- breaking natural disasters—hurricanes, floods, and wildfires—have devastated communities resulting in deep personal suffering. Meanwhile, we have entered the decisive decade for our ’s climate—with just ten years to halve global emissions to meet the goals set by the Paris Agreement before we cause irreparable damage to our planet and all life it supports.

In spite of these immense challenges, when I reflect on this past year I am inspired by the resilience and hope we’ve experienced at Rocky Mountain Institute (RMI). This is evidenced through impact made possible by the enduring support of our donors and tenacious partnership of other NGOs, companies, cities, states, and countries working together to drive a clean, prosperous, and secure low-carbon future.

When our Beijing office was the first to close in February due to the COVID pandemic, RMI Regional Managing Director Ting Li expressed what many of us felt. “COVID may close our office, but it can never stop our important work and mission,” she said. That statement perfectly encapsulates the spirit of our unrivaled global team as the pandemic increasingly affected our US and India colleagues. Our staff adjusted and dug deep to advance our mission with impressive results. I am deeply grateful for their passion, commitment, and professionalism.

For example, as global leaders grappled with how to roll out stimulus packages to address the pandemic, RMI published a series of timely reports. These highlighted immediate and meaningful ways that these packages can be designed to address societal issues at the nexus of climate and public health—and build back better with more resilient and clean economies. In India, a report (co-authored with government think tank NITI Aayog) represented the first guidance document from the Government of India signaling its position on clean energy as an economic recovery strategy. In the United States, our ideas have shown up in a plan by the House Select Committee on the Climate Crisis, and many governors and mayors have reached out to RMI for strategies on how they can tie COVID recovery to climate health.

Top image RMI, main image courtesy of Rocky Mountain Institute Annual Report 2019/2020 5 Flickr/World Economic Forum And in collaboration with Wells Fargo, Goldman future where electric, shared, and equitable Sachs, Bank of America, and JPMorgan mobility solutions are the norm—providing Chase, RMI launched the Center for Climate cleaner air and safer cities. Aligned Finance. The Center is seeking to bring participating financial institutions’ entire You’ll read more about these milestones and portfolios of lending and investment activities many others in the pages of this annual report into alignment with 1.5°C-consistent emissions and I’m confident that you’ll be equally as hopeful pathways, mobilizing $18 trillion into climate- about what we’ve accomplished together. friendly investments and companies. As CEO, I take the most pride in the work RMI market affiliate WattTime also had a banner we undertook to look ahead and adapt the year. With the backing of Google and former organization to achieve our important mission. US Vice President Al Gore, WattTime and We rallied behind a common question, “What partners including RMI launched the Climate must happen to hold global temperature rise TRACE coalition to provide real-time data on the to 1.5°C?” This nine-month process required us greenhouse gas emissions from power plants, to question everything from how we work, to factories, and every other source on Earth and who we work with, to what we do to tackle the make them part of the public domain. By making climate challenge on a crisis-relevant timeframe, emissions visible with a level of resolution and it resulted in a new portfolio of work—Global timescale that was unimaginable just a few years Programs—that collectively have the potential to ago, they can be more effectively regulated, halve global emissions by 2030. I am excited to managed, and ultimately mitigated. share the results with you on subsequent pages.

Together with our partners RMI has also achieved In closing, please know that I and the entire the following: team at RMI send our sincerest gratitude to all of you reading this today—for having our ■ We’ve implemented demonstration projects back during a tumultuous and uncertain year of resilient, cost-effective clean energy and continuing to follow and support RMI and solutions that underpin economic growth and the critical work that we do at a time when hold scalable lessons for other geographies. hope seems very hard to hold firm. This hard The first “undergrid minigrid” in Mokoloki, work has and will continue to pay off as we Nigeria, is bringing reliable electricity to this forge ahead together to a future that is clean, rural community, while reducing energy costs prosperous, and secure for all. for customers. In the Bahamas, 93 percent of Ragged Island’s energy needs are being met by the island’s first microgrid. Thank you, ■ RMI and partners have now brought the Jules Kortenhorst Urban Mobility Lab process to three Indian cities with a combined population of more than 28 million. This included convening representatives of more than 30 Indian cities and vehicle electrification experts on the subject of bus electrification. It is Chief Executive Officer helping put cities on a pathway toward a Rocky Mountain Institute

6 Rocky Mountain Institute Annual Report 2019/2020 Wildfires in the Western United States created unhealthy air for millions. Image iStock/Daniiielc

Rocky Mountain Institute Annual Report 2019/2020 7 Introducing RMI’s New Global Programs

Aligning Sectors and Market Catalysts—Our Ambitious Solutions for 1.5ºC Global Climate Alignment by 2030

The scientific consensus is clear. To hold programs, the distinct interventions that they are global temperature rise to 1.5°C we must halve comprised of, and the exciting interconnections carbon emissions by 2030 on our way to net- between them. zero by 2050. This has become RMI’s north star—our ambitious goal that we hold ourselves Underpinning the transition is a carbon-free accountable to. power grid—as clean electricity is the fuel of the future for all other sectors. In buildings, You may ask why the goal is 1.5°C when the transportation, and industry, our efforts will Paris Agreement target is 2°C. A half a degree be focused on leveraging powerful market of warming matters a lot. According to the catalysts: policy, finance, new business models, Intergovernmental Panel on Climate Change’s unprecedented data access and transparency, special report, it could mean massive species breakthrough , and education and loss, increased sea level rise, a tenfold increase capacity building. These will be deployed to in the impact to Arctic ice, and a 2.6 times phase out use, transition to clean greater share of the global population exposed power, and slash carbon emissions to align to severe heat at least once every five years. economic sectors with a 1.5°C trajectory. Finally, we’ll focus these efforts in global must-win To address this crisis in this decisive decade, geographies—those that have an outsized RMI has realigned our portfolio of work around climate impact, as well as hold lessons for global programs intended to endure for 5–10 countries with similar characteristics that can years, with compressed timetables and specific, scale solutions. measurable milestones that can put our biggest energy-consuming sectors and geographies into 1.5°C climate-alignment. The work of RMI’s 270+ staff will be laser-focused on these global

8 Rocky Mountain Institute Annual Report 2019/2020 Climate-Aligned Industries India Program Here’s a glimpse Putting energy-using Supporting India in decreasing of each of the industry sectors on par with ~9.5 gigatons of emissions nations as engines of rapid across its transport, buildings, Global Programs decarbonization—leveraging the and power sectors over the next real economy to speed solutions. ten years—expanding equity, Carbon-Free Electricity— improving air quality, bolstering Global Center for Power the economy, and improving System Transformation Energy Transition Academy resilience. Bringing the benefits of clean Connecting developing energy to all—transforming countries’ clean energy global power systems to support champions and political leaders Africa, Southeast Asia, and modern, low-carbon economies. with online leadership and Islands Program technical training, climate Creating market conditions finance resources, and best and investment opportunities Carbon-Free Buildings practices to unlock new to accelerate the energy Ending the burning of fossil investment opportunities, transition in developing fuels to power and construct our underpin economic countries through direct buildings, solving a hidden health development, and improve market engagement, capacity crisis, and bringing buildings— quality of life. building, and on-the-ground the heart of our day-to-day—into projects that demonstrate the forefront of the solution. Urban Transformation the multiple values of clean, Leveraging the power of global affordable energy solutions. Carbon-Free Mobility leading cities to adopt climate Ending tailpipe emissions from Strategic Engagement and solutions that are inclusive, safe, on-road transportation to create Analysis Group resilient, and sustainable while cleaner air, save millions of Showing the world that the serving economic growth. lives, and establish viable zero- pathway to net-zero carbon emissions pathways. emissions is achievable, US Program affordable, and beneficial— Getting the United States on track Climate Intelligence working with partners to to achieve a 1.5°C climate goal— Radically improving how critical create a clear, compelling, aligning policymakers around the global climate investments and actionable vision for benefits of clean electrification are made by bringing data, the pathway to 1.5°C that is and arming them with the tools to intelligence, and people grounded in real economy craft intelligent policy. together into a single open- indicators. source platform with accurate, timely, and actionable climate China Program data and insights. Helping China peak carbon emissions by 2030 on a path to a zero-carbon economy by 2050 Breakthrough by influencing policymaking to Unlocking the rapid innovation, achieve early peaking, deep deployment, and market adoption carbon reductions, and sector of critical climate technologies at decabonization while continuing scale, creating more equitable to grow ’s economy. markets and supporting global access to innovation.

Rocky Mountain Institute Annual Report 2019/2020 9 Diversity, Equity, and Inclusion:

An interview with Misty Burns and Nicole Martin

10 Rocky Mountain Institute Annual Report 2019/2020 RMI’s Ongoing Journey The past year has been marked by tragic incidents that have pulled the veil off of society’s systemic racism and exposed racial, social, and economic injustice. And the COVID-19 pandemic has only exacerbated the disparities that already existed. The importance of addressing these deep-seated issues can no longer be ignored, and—like the climate crisis— taking action will have positive ripple effects on health, wellness, and economic resilience.

Companies and institutions must do the hard work to look inward and evaluate whether diversity, equity, and inclusion (DEI) is, or is not, a core part of how they operate. RMI has been on a journey to do just that over the past few years, and more recently has doubled down thanks to the support of philanthropic partners who understand the immense value of investing in DEI as we grow and evolve as an organization.

Misty Burns, managing director of RMI’s People Team, and Nicole Martin, director of learning and development, have been intimately involved in RMI’s ongoing efforts to improve DEI, and share their perspectives with us.

Why is DEI important to Rocky Mountain Institute? Diversity, equity, and inclusion are core to achieving our mission of transforming energy use. Every single person is a stakeholder in the energy transition. We need the widest range of perspectives to understand the systems we are trying to change; a homogenous group cannot solve a problem as complex as the one we face. That doesn’t just mean bringing a diverse group of people to the table—it means ensuring each person is welcomed and that their contributions are valued.

Image courtesy of PXhere Rocky Mountain Institute Annual Report 2019/2020 11 What motivated RMI’s How would you describe the deepened focus and efforts journey RMI has been on this around DEI? past year? RMI’s growth on this topic has been a gradual An inflection point in our DEI journey was in process of learning. Deep conversations with summer 2019, when we received a grant from each other, questions and requests from the William and Flora Hewlett Foundation funders, and the example set by external to invest in our organizational capacity. partners and stakeholders are just a few of the We engaged the Adaway Group for senior sources of inspiration for us. We’re still figuring leadership training and an organizational it out. How do we define diversity in a global assessment which serves as the roadmap for organization? How do we define equity in the our DEI work today. work that we do? These are just a few of the questions that we are asking every day. Adaway’s assessment supported a deeper understanding of where we can grow on this topic; most immediately, it informed the hiring of a diversity recruiting director. With this new commitment, we are already starting to build How have the events of the new recruiting partnerships. past year like COVID-19 or We want to highlight that our journey started the social unrest surrounding well before 2019. Several RMI employees, systemic racism and police starting as early as 2015, led the way on DEI. Their passion paved the way for where we are violence impacted how we view today, which includes trainings on unconscious or approach DEI? bias and onboarding focused on inclusion. As part of our learning, we were lucky enough The compounding crises of this year have to host Dr. Dorcetta Taylor, a professor at emphasized what we already knew: equity and the University of Michigan. Dr. Taylor helped inclusion is not an intellectual exercise. Our us learn about the barriers to diversity workforce is diverse, and the impact of the specifically in environmental organizations. past year has been felt differently by different people. The work we had done prior to 2020 provided a foundation that we could draw on.

12 Rocky Mountain Institute Annual Report 2019/2020 “Our work to attract, hire, and retain diverse and inclusive RMIers is a journey that will lead us in new and more directions. It is our commitment to be intentional and purposeful along the way. That will be absolutely critical to our global talent strategy, delivering on our mission, and positively impact our DEI efforts long term.”

Nancy McKinney, Director of Diversity Recruiting, RMI

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Rocky Mountain Institute Annual Report 2019/2020 13 Amory Lovins: Making the Future a Reality

The rest of the world is still catching up to ideas that RMI co-Founder Amory Lovins articulated decades ago—and not a moment too soon. Since his seminal article “Energy Strategy: The Road Not Taken?” in Foreign Affairs in 1976, Lovins has produced hundreds of articles and numerous books that have foretold coming changes in the energy sector, grounded in physics, systems thinking, and market economics. In this article, we take a look at three of the many times Lovins was right—and what this has meant.

14 Rocky Mountain Institute Annual Report 2019/2020 Image Getty/David Becker/Stringer

Total US primary energy use in 2019 was less #1 Decoupling Energy Use from than half what government and industry forecast Economic Growth in 1975, because making a dollar of GDP took 59 One of the key themes in “Energy Strategy” is percent less energy. Population and GDP grew that we can be better off while, and even by, while primary energy use flatlined, followed by using less energy more efficiently. During the electricity a few decades later. 1970s expansion of nuclear power, , and “land Slowly at first, industry came around to the value yacht” cars, this heretical idea was greeted, says of efficiency. A telling response was oil and gas Lovins, with “ridicule and contempt.” Yet even company ARCO’s chief economist stating in 1977: with no official embrace of Lovins’s “soft energy “I for one don’t care if Lovins is only half right; path,” over the next 44 years the United States that would be better performance than I’ve seen manifested both its main outcomes—efficiency from the rest of them.” and renewables.

Rocky Mountain Institute Annual Report 2019/2020 15 “Energy Strategy” warned of “substantial and perhaps irreversible changes in global climate,” which have become obvious in 2020— another way Lovins was in line with the latest science, decades ahead of the mainstream discourse. And by 2019, unnoticed US energy savings had cumulatively become 28 times bigger than renewable growth and saved far more CO2.

#2 Cost Reductions and Scaling Solar When Lovins published “Energy Strategy” in 1976, solar photovoltaics (PV) were still exotic—and extremely expensive. “Solar panels” meant solar water heaters. But that wouldn’t be forever. PV costs plummeted over the next few decades, and Lovins was among the early analysts who saw the clear relationship between rising deployment and falling costs.

In 2011, PV generated 0.3 percent of global electricity and PV modules cost $1/watt. Utility-scale was more expensive than fossil-fueled power and thus depended on subsidies. But in the 2011 book , which accurately foresaw California’s PV output in 2020, Lovins noted that improved manufacturing processes, economies of production scale, and technological advances could let PV scale like microchips and become a major and competitive electricity source.

Lovins and RMI concluded that while PV modules would get much cheaper, the other half of PV system costs, known as “balance-of- system costs,” could be slashed too. RMI’s industry collaboration demonstrated a pathway to halve them. This sparked the US Department of Energy’s SunShot Program, which helped industry to halve them again, and then yet again.

Nine years later, with modules below 20¢ a watt, this vision has been validated. Thanks in large part to balance-of-system cost cuts, solar is now the cheapest form of electricity in much of the United States and the world—often cheaper than just running existing coal or gas plants. As a result, 45 percent of the net global electric capacity added in 2019 was solar and 81 percent was renewable.

16 Rocky Mountain Institute Annual Report 2019/2020 Image iStock/Bim Rocky Mountain Institute Annual Report 2019/2020 17 #3 Lighter, More Efficient Cars Since “Energy Strategy” in 1976, Lovins has been writing about making automobiles far more efficient. His 1990 National Academy talk sparked RMI’s Hypercar effort to boost efficiency three-to eight- fold through ultralight and streamlined design, preferably with a hybrid or electric drivetrain. This began a collaboration with multiple automakers worldwide, starting with GM.

In 1975, new US autos averaged 13 miles per gallon (mpg). Now they’re twice as efficient. But since 2016, Lovins has been driving an electric car rated at the equivalent of 124 mpg. His 1990s discussions with automakers have borne fruit, including his BMW i3.

This pioneering car’s body is made of ultra-strong, ultralight carbon fiber, which offsets the batteries’ extra weight. The costlier carbon fiber is paid for by needing fewer batteries (which then recharge faster) and by radically simpler automaking that saves half the factory’s energy, space, and time, and two-thirds of its water and capital investment.

The i3 was profitable from the first unit made and was the world’s third best-selling electric car from 2014 to 2016. BMW just extended the i3’s life to 2024, four years longer than normal. RMI has helped diverse automakers evolve Hypercar-inspired ambitions heading for market. While electrification is now a far higher industry priority than ultralighting, their huge benefits (especially together) make it likely both will get done.

Amory Lovins has played the long game in his work, knowing that the energy transformation was a half-century slog. Given the slow pace at which the economy evolves—particularly the massive energy, auto, truck, plane, ship, and industrial sectors—it has taken decades for many of his ideas to be validated. “It’s easy to overestimate how quickly things will happen,” he observes. “But good ideas usually get adopted eventually. That’s why this work needs relentless patience.”

18 Rocky Mountain Institute Annual Report 2019/2020 Image courtesy of Flickr/GUL consortium

Rocky Mountain Institute Annual Report 2019/2020 19 Amory’s legacy is deep, fundamentally changing the way that we as a society think about and use energy. We invite all of you to share with us the influence that Amory Lovins has had on your life, career choice, or approach to your work.

Share your story with us at [email protected]

And, learn more about the Innovation Fund for Energy Solutions at rmi.org/InnovationFund

20 Rocky Mountain Institute Annual Report 2019/20202018 / 2019 Image iStock/JurgaR “I was exposed to the work of Amory Lovins when doing my graduate degree in Architecture with Dr. Ray Cole. Since that time I have followed the evolution of RMI and been very inspired by the leadership the people there have shown.”

— Bruce Fleming-Smith, Donor

Rocky Mountain Institute Annual Report 2019/2020 21 OUR CHANGE MODEL IN ACTION Think, Do, Scale.

22 Rocky Mountain Institute Annual Report 2019/2020 THINK, DO, SCALE RMI works to transform our energy system through our unique change model of “Think, Do, Scale.” We provide thought leadership, implement demonstration projects, and then grow our impact through shaping the market. A great example of this change model can be seen in our energy resilience work. RMI has long advocated for microgrids powered by clean renewable energy as a way to provide more resiliency for people around the world. And we are now proving that with projects near our home base in Colorado, the Caribbean, Africa, and beyond.

Image iStock/tifonimages Rocky Mountain Institute Annual Report 2019/2020 23 Think, Do, Scale in Action “Our work across the Caribbean In July 2018, a wildfire broke out a half mile from is to support island governments RMI’s office in Basalt, Colorado. This fire spread and vulnerable communities to engulf more than 12,500 acres and came within as they transition from fossil minutes of shutting down power to thousands of people. Three out of four transmission lines fuels to clean, renewable energy running into Aspen went down; had the fourth line sources. In light of more intense gone down, it could have been days to weeks and frequent storms, the before power was restored. knowledge and lessons captured in this report help to ensure that This event served as an important reminder to regional stakeholders of the importance of solar energy can be installed— resilience planning. Motivated by this close call, and stay in place—even following the local electric cooperative partnered with extreme weather events.” RMI to explore solutions for increasing energy resilience in the communities it serves. Sanya Detweiler, Associate Director, RMI’s report Working Together Toward a More Clinton Climate Initiative Resilient Future examines the outcomes of the multi-month, RMI-supported process to work with the utility and other organizations throughout the region to create a resilience plan. It highlights key lessons that will be invaluable to energy resilience planning and implementation efforts around the world.

More tangible outcomes of the process include “hardening” of the grid by sealing electrical poles and installing more smart devices to help mitigate fires and snow loads, as well as the electric cooperative’s work on a residential battery storage program. RMI also conducted an economic analysis of building a microgrid in Snowmass Village and received a county grant to investigate a clean and resilient corridor including creating flexible energy zones.

We are also working on resilience in other parts of the world. Following a series of hurricanes, RMI, representatives of the United Nations, and the Clinton Climate Initiative sent teams to the Caribbean to evaluate why some solar photovoltaic (PV) systems survived the storms and others failed. Our Solar Under Storm report series highlights our recommendations to increase solar PV system resilience.

24 Rocky Mountain Institute Annual Report 2019/2020 The guidelines in the report have been used in recent, on-the-ground PV projects we have supported throughout the Caribbean, many of which have survived subsequent storms. For example, the 1 MW solar PV canopy that was installed on Nassau in The Bahamas in 2019 followed recommendations in the reports to protect the installation against up to Category 5 hurricanes. The guidelines have also been adopted by the Organization of Eastern Caribbean States (OECS) Secretariat. This means that all future PV systems that are part of OECS will have reliable PV systems that are more resilient to hurricanes.

We have also led with thought leadership and on-the-ground resilience projects in Africa. Millions of people in Africa are underserved by utilities providing inconsistent power, and this challenge has no easy fix. Minigrid systems can serve many of these undergrid customers more economically and more reliably, as described in our 2018 report Under the Grid: Improving the Economics and Reliability of Rural Electricity Service with Undergrid Minigrids.

In Nigeria alone, thousands of rural communities could be better served by undergrid minigrids and interest has grown. However, there are many challenges. As a response to these, RMI produced a report with local partners All On, Clean Technology Hub, and EMRC: Electrifying the Underserved: Models for Developing Minigrids Under the Grid. The report defines four business models as practical solutions to guide stakeholders in implementing undergrid minigrids in Nigeria today.

However, the undergrid minigrid opportunity is a new concept, and exploratory projects are needed to test and refine potential business models. RMI has stepped up to fill this gap with partners at Nayo Tropical Technology and Ibadan Electricity Distribution Company by installing RMI helps develop “undergrid” minigrids, Nigeria’s first rural commercial undergrid self-contained electricity systems up to 1 minigrid, which came on line in February 2020. megawatt in size. These provide reliable and high-quality service to communities across Nigeria. Image courtesy of Nigerian Rocky Mountain Institute Annual Report 2019/2020 25 Federal Ministry of Power 26 Rocky Mountain Institute Annual Report 2019/2020 The Mokoloki minigrid has improved electricity service, supported community development, and reduced utility losses. This important proof-of-concept demonstrates that the undergrid model is more than just possible, it is technically feasible, an economic win-win- win, and a scalable model across Africa and the developing world.

RMI’s thought leadership and techno-economic analysis built the foundation for project success on the ground. But in reality, the efforts don’t end there. They are also all models for creating energy resilience in other parts of the world to lift millions out of poverty through transforming the energy landscape to one that is more sustainable for generations to come.

RMI and partners developed a 390 kW hurricane-proof microgrid on Ragged Island, which will provide 93 percent of the island’s energy needs annually.

Images RMI Rocky Mountain Institute Annual Report 2019/2020 27 01 Think

The foundation of RMI’s work is visionary thinking. For nearly 39 years and counting, we’ve shaped a compelling, alternative vision for the energy future that helps transform markets and industries to a low- carbon energy future.

28 Rocky Mountain Institute Annual Report 2019/2020 The result is that RMI is a trusted, independent source of technical expertise, research, and analysis around the world.

COVID-19 Thought Leadership Hydrogen and Green Even while adapting to stay-at-home orders Steelmaking represents 6–7 percent of and working on a remote basis, RMI staff was global greenhouse gases and was previously drawing the vital connections between the considered one of the hardest sectors to COVID-19 pandemic, our work, and longer-term decarbonize. However, recent technological concerns around human health, equity, and and market advances are showing the viability climate change. This spring and summer RMI of making steel without emitting CO2 by using published a series of more than 20 blogs and hydrogen. Rocky Mountain Institute has joined op-eds connecting the dots on these issues. this effort and brought its techno-economic This included thought leadership on everything analysis to show that making steel from ore from the nature of unpredictable and complex using zero-emissions hydrogen from electrolysis disasters and the crisis in oil markets, to making can be cost-competitive in the more suitable homes healthier and the tactics that RMI staff locations today. In doing so, RMI is showing a developed for conducting more effective virtual pathway not only to more rapidly decarbonize meetings and convenings. the steel industry, but also to help kick-start a green hydrogen economy.

Flipping the Script on Zero-Carbon Electrification “Natural” Gas in China In May RMI, Physicians for Social Responsibility, Mothers out Front, and Sierra Club released a There is no geography more essential in fighting report that sent shock waves through the media the climate crisis than China. In collaboration and caused many to re-examine a household with the Energy Transitions Commission, appliance that they may take for granted. Health this year RMI published two reports on zero- Effects from Gas Stove Pollutionsynthesized carbon electrification of the world’s largest decades of research to show that the invisible economy. China 2050: A Fully Developed Rich air pollution from these stoves is a significant Zero-Carbon Economy set for the first time a threat to human health. The report made a technically and economically feasible roadmap decisive case for the electrification of stoves to for China to achieve net-zero emissions by prevent further harm, especially to children and mid-century. This was followed by a report vulnerable populations. recommending options for China to use green stimulus measures to recover its economy after the COVID-19 pandemic in a way that structurally reduces emissions and builds a future of long- term sustainable growth.

Rocky Mountain Institute Annual Report 2019/2020 29 Seven Challenges for Getting Rid of Coal and Gas Energy Transformation RMI has published three reports that show that clean energy is already out-competing coal and RMI’s vision across boundaries for a swift gas on a purely economic basis. How to Retire and just energy transition came into focus Early lays out specific financial strategies that in November with the publication of Seven utilities and policymakers can use to Challenges for Energy Transformation, a report a faster phaseout of coal in various regions of that identified key intervention points for the world. The Growing Market for Clean Energy shifting the global energy system to a low- Portfolios and Prospects for Gas Pipelines in the carbon future. Seven Challenges finds areas Era of Clean Energy highlight the implications where collaborative actions by corporations, of gas infrastructure investment. These reports philanthropists, subnational leaders, and also make recommendations for regulators, citizens can unlock transformative changes investors, and utilities to capture the opportunity to limit global average temperature change at hand while avoiding the stranded cost risks of to 1.5°C. The study offers a systems view of continued gas investment in the US power sector. action to limit emissions at a global level and serves as a starting point for strategic thinking and collaboration among diverse organizations committed to climate action. Reducing EV Charging Infrastructure Costs If transportation electrification is to proceed Proving the Value of a Battery at a pace commensurate with meeting the Cost Breakthrough challenge of climate change, we must ensure that recharging an (EV) RMI’s Breakthrough Batteries report at a public charger is no more expensive showed that exploding investment in battery than refueling a conventional vehicle. RMI’s technologies is revolutionizing the sector much groundbreaking report Reducing EV Charging faster than expected and setting in motion a Infrastructure Costs finds that to do that, the EV seismic shift in how we will power our lives and charging industry needs to do what the solar organize energy systems. The report quantifies industry did about a decade ago: streamline the significant cost declines and performance and de-bottleneck installation. The report improvements of battery storage technologies arms all stakeholders with a comprehensive that have occurred in the past decade and study of the costs involved in deploying characterizes the implications of emerging charging infrastructure to ensure greater breakthrough technologies for investors, program success and a more rapid transition to regulators, policymakers, and other energy transportation electrification. industry players. By working in alignment to support the success of emerging battery technologies, energy industry stakeholders have an opportunity to hasten the rapid and economic transition to resilient, clean, and affordable energy systems. Image iStock/Bim 30 Rocky Mountain Institute Annual Report 2019/2020 Rocky Mountain Institute Annual Report 2019/2020 31 Think Spotlight Shaping Global Stimulus

As the world goes through the enormous public health—and build back better with crisis caused by the COVID-19 pandemic, more resilient and clean economies. The stimulus and recovery investments will be reports cover green stimulus and recovery vital to our collective rebuilding. And if these investments and actions on a global level as investments are strategically targeted, they well as specific to the United States (on both a can help us address not only the pandemic national and citywide level), China, India, sub- but also the climate crisis. Saharan Africa, and the Caribbean.

That is why RMI published a series of ■ In Global Stimulus Principles, we stimulus reports highlighting immediate and articulate prioritizing investments that meaningful ways that stimulus and recovery create jobs and grow the economy, packages can be designed to address support public health, enhance resilience, societal issues at the nexus of climate and and decarbonize the economy.

32 RockyRocky Mountain Mountain Institute Institute Annual Annual Report Report 2019/2020 2019/2020 Spotlight Image iStock/mniebuhr

■ In the United States, we recommend ■ Achieving a Green Recovery for China, focusing on retrofitting buildings, which has already been used in high-level enhancing access to and electrifying discussions, emphasizes the importance of mobility, debt forgiveness, and financing zero-carbon electrification, investing in new low- and zero-carbon activities. The infrastructure, and accelerating the shift to Canadian government has used this new energy vehicles. framework as a model for its green recovery roadmap. ■ The India Stimulus Strategy identifies opportunities to drive economic recovery ■ The US City Stimulus report outlines five and maintain momentum on the clean strategic, city-specific green stimulus ideas energy transition, specifically in the that Congress could consider to help our transport and power sectors. The India cities build back better. Several of our paper was co-authored by NITI Aayog, an suggestions have made their way into agency of the Indian government that is active national policy design conversations. planning recovery efforts.

RockyRocky Mountain Mountain Institute Institute Annual Annual Report Report 2019/2020 2019/2020 33 ■ For sub-Saharan Africa, we suggest seven actionable interventions by governments, development partners, and the local private sector that can create jobs, decarbonize the economy, increase resilience to external shocks, and unlock economic potential.

■ And for the Caribbean region, we show how distributed energy resources can bring multiple benefits to communities and economies by supporting job creation and economic diversification. RMI employees are actively guiding multilateral bank investment in Caribbean recovery.

Through these seven reports and active stakeholder engagement, we are sharing our insights on how countries around the globe can use stimulus and recovery investment to build back better from this crisis and advance us toward a cleaner, healthier, more just, and more resilient future for the one planet we all share.

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34 Rocky Mountain Institute Annual Report 2019/2020 Image iStock/Nikida RockyRocky Mountain Mountain Institute Institute Annual Annual Report Report 2019/2020 2019/2020 35 02 Do

Once we’ve seen what’s possible and have done the rigorous analysis to be certain it’s not only possible but profitable, RMI sets out to demonstrate solutions for the clean energy transition.

36 Rocky Mountain Institute Annual Report 2019/2020 Shifting Quickly to New Ways Scaling EVs to 2030 of Working In February, RMI brought together automotive The COVID pandemic may have halted life as manufacturers, electric utilities, regulators, EV we know it, but it never stopped our urgent charging providers, and auto dealers association and important work. Thanks to a strong leaders to discuss one of the big issues facing organizational core, IT infrastructure, and an the transportation sector: how to get 50 million unrelenting passion for our mission, RMI was EVs on the roads by 2030 and meaningfully able to remain operational through this crisis. We reduce emissions. The Scaling EVs to 2030 closed our China office in January as our team workshop provided a safe space for stakeholders faced the first wave of COVID-19 outbreak and to address EV and infrastructure supply- supported our team in working from home while side challenges and consumer demand-side balancing the emerging needs of their families challenges. The workshop helped attendees and communities. In March, we closed the rest understand what it would take to activate the of our offices, and all staff worked remotely. “war effort” needed to achieve widespread EV Despite the uncertainties of the time, RMI staff adoption in the next 10 years. was able to adjust quickly, double down, and have our best year yet.

EMERGE Events In November, RMI hosted coordinated, same- COMET day dialogues in Delhi, , and Beijing with key climate action partners to identify A central problem facing those who seek to and accelerate the global energy transition. make their products more “green” is a lack Using the Seven Challenges report as a of standardization across the various ways starting point, these events focused on how to to calculate embedded greenhouse gas improve collaboration and action on key issues emissions in supply chains. To address this including high-carbon asset retirement, climate- complex challenge, RMI has partnered with MIT aligned finance, better data on emissions, and Sustainable Supply Chains, the Columbia Center actions by cities to drive the energy transition, on Sustainable Investment, and the Colorado improve public health, and create new jobs. School of Mines to launch the Coalition for These events were the starting point for a Materials Emissions Transparency (COMET)—a year-long webinar series in which equipment new coalition to build a standardized method for manufacturers, financiers, and policymakers measuring embedded emissions. The COMET shared new approaches to intervening across Method will provide insight into the carbon the seven challenges. content of products like cars, buildings, and phones, and will help both corporations and consumers purchase materials and products with fewer embedded CO2 emissions.

Rocky Mountain Institute Annual Report 2019/2020 37 Bringing Shenzhen’s EV Helping the Canadian Successes to Other Cities Government Go Zero Carbon Shenzhen, China, is the world’s leading city RMI, in partnership with Solutions for adoption of electric logistics vehicles Group and whatIf? Technologies, has developed (ELVs) and has served as an international a roadmap to transition over 60 million ft2 of inspiration. Working with local manufacturers, Canadian federal buildings to zero carbon by electric vehicle providers, logistics companies, 2050. These include high-profile buildings and government, RMI has investigated ELV within the Parliament Precinct, heritage facilities, deployment in Shenzhen with an eye to the and large commercial properties in Ottawa factors behind this global success story and the and Gatineau. The roadmap provides a holistic challenges that remain. This includes conducting and action-oriented approach to zero-carbon a deep-dive analysis of Shenzhen’s successful planning at a city scale. Once implemented, the operational subsidy and charging infrastructure transition will reduce CO2 emissions by more deployment and releasing a policy roadmap for than 100,000 tons as well as act as a lighthouse other cities, in China and beyond, to enable the for the private sector and other governments. broader electrification of transportation.

Building Local Capacity Powering Paradise with RMI invests in capacity building to ensure that Clean Energy the energy transition can be scaled rapidly In 2015, Hawaii became the first US state to and independently sustained in communities proclaim a 100 percent renewable energy around the world. This past year, RMI and the target in the power sector. RMI has been a Ethiopian Electric Utility (EEU) collaborated valuable partner of the Hawaii Public Utilities to strengthen and build capacity for off-grid Commission to implement strategies and electrification efforts, including co-leading a regulations to reach this goal. Through our training for 29 technical and managerial officers first-hand experience working on the ground on various aspects of turning minigrids from in Hawaii, interviews with key stakeholders, concept to reality. In partnership with the GIZ and extensive research we produced a report Nigeria Energy Support Programme, RMI also that details Hawaii’s journey through its energy co-led a workshop and training for minigrid transition. Powering Paradise: How Hawaii Is program managers from a dozen sub-Saharan Leaving Fossil Fuels and Forging a Path to African countries to customize and integrate a 100 Percent Clean Energy Economy offers cost reduction strategies. And through our insights that can help other jurisdictions REALIZE program we ran the Boston Contractor navigate their own clean energy transitions. Academy to train minority, veteran, and women contractors to take on bigger and more complex energy efficiency projects.

38 Rocky Mountain Institute Annual Report 2019/2020 Image iStock/sturti The“ Contractor Academy is a promising model to help local contractors build their businesses as we move towards carbon neutrality as a city.”

Celina Barrios-Millner, Director of Equity and Inclusion, Mayor’s Office of Economic Development, City of Boston

RMI partnered with Emerald Cities Collaborative to help people of color and women contractors build their businesses in energy efficiency and renewable energy through the Boston Contractor Academy.

Rocky Mountain Institute Annual Report 2019/2020 39 Spotlight

“Wells Fargo is committed to taking a leadership role in accelerating a just transition to a low-carbon economy by working together with multiple stakeholders—most importantly our customers—to advance sustainable business opportunities. We have pledged to lend or invest $200 billion to support sustainable businesses and projects by 2030, and we are currently nurturing 46 cleantech startups through the Wells Fargo Innovation Incubator. Our commitment to The Center is timely in that it will provide a platform for the financial sector to align on approaches and methodologies to increase our impact, support our customers and communities as they innovate and adapt, and collectively drive toward a low-carbon economy and future.”

— Perry Pelos, SEVP and CEO of Commercial Banking at Wells Fargo

40 Rocky Mountain Institute Annual Report 2019/2020 RMI Launches the Center for Climate-Aligned Finance

Finance is the lifeblood of our modern world; without it, nothing happens. And perhaps no sector has a more vital role to play in the transition to a low-carbon future than the financial sector. What started as a patchwork of sustainability efforts at individual institutions has evolved into a new concept: climate alignment—the alignment of financial portfolios with a 1.5°C future.

In recent years there has been no shortage of commitments; to date financial institutions with combined assets of over $18 trillion have pledged to align their portfolios with the goals of the Paris Agreement. But while many big pledges have been made, turning these into transformative action in the real economy will prove much more challenging.

To address these issues, in July RMI launched the Center for Climate- Aligned Finance in collaboration with four of the world’s largest financial institutions: Wells Fargo, Goldman Sachs, Bank of America, and JPMorgan Chase. The Center’s mission is to serve as an engine room for the financial sector to partner with corporate clients and identify practical solutions to reach a pathway to full decarbonization by mid-century. The Center will articulate climate alignment as a norm for the financial sector and will catalyze the agreements, frameworks, and practices to operationalize climate alignment globally.

The launch of the Center is the culmination of years of work by RMI, which has helped to shape the concept of climate alignment. June 2019 saw the launch of the Poseidon Principles, where RMI led a first-of-its-kind climate alignment framework for the shipping industry. In September 2019, RMI coauthored a report for the Climate Finance Leadership Initiative, which marked the first time the private financial sector outlined a vision for decarbonizing global finance. And in March 2020, RMI published Charting the Course to Climate-Aligned Finance, which looked at five key barriers to aligning portfolios with The launch of the Poseidon the goals of the Paris Agreement. Principles, which is helping to foster the There is clearly much more work to be done. RMI is actively engaging decarbonization of the with other financial institutions and initiatives such as the United Nations Environmental Programme, the Mission Possible Platform, maritime shipping industry. 2DII, Ceres, Partnership for Carbon Accounting Financials, and the Energy Transitions Commission to help develop global solutions to accelerate the transition to a better future for all humanity.

Image RMI Rocky Mountain Institute Annual Report 2019/2020 41 03 Scale

Once we’ve proved that new energy solutions are possible, practical, and profitable, we intervene broadly across markets to bring those solutions to global scale. We do that by shaping markets through change labs that bring market leaders together to co-create breakthrough solutions to systemic problems.

42 Rocky Mountain Institute Annual Report 2019/2020 And we do it by participating in markets directly through RMI market affiliates and spin-offs that create and advance markets ripe for energy transformation. Here is some of what RMI and its affiliates have been doing to scale the energy transition this year.

Global Cooling Prize Clean Energy Solutions in Announces Eight Finalists the Caribbean Applicants from around the world have submitted RMI has partnered with the Bahamanian innovative solutions to provide access to Government and its national utility to build local cooling for billions without warming the planet. resilience and reduce the islands’ reliance on In November, eight finalists were chosen, diesel generation. We are currently installing representing some of the world’s largest air the first renewable energy microgrid in The conditioner manufacturers, promising start- Bahamas, which will provide 93 percent of ups, and corporations from China, India, Japan, Ragged island’s electricity needs. In February, the United Kingdom, and the United States. news about RMI’s work in The Bahamas These finalists were awarded $200,000 each reached more than 9 million people thanks to to develop and ship their prototypes to India a CBS 60 Minutes episode highlighting how for testing. When scaled, a winning technology clean energy solutions are driving recovery after Hurricane Dorian devastated the country. could prevent up to 75 gigatons of CO2- equivalent emissions by 2050 and put the world Meanwhile, RMI and Puerto Rican partners on a pathway to mitigate up to 0.5˚C of global continue to focus on equipping critical facilities warming by 2100, all while enhancing living to withstand future weather events. These standards for people in developing countries. systems exemplify the power of distributed renewable energy to build a more resilient future for islands.

Rocky Mountain Institute Annual Report 2019/2020 43 RMI’s Market Affiliates— Snapshots of Success NACFE Raises the Bar on Fuel Efficiency Market affiliates—leading In October, the North American Council for and disruptive market players Freight Efficiency (NACFE) held Run On Less that fill unmet market needs Regional, a three-week freight efficiency demonstration focusing on regional haul. It and spur market change— showed that with the right technology and a are an important way RMI skilled driver it is possible to achieve mile per gallon ratings 45 percent above those of the achieves scale. Here are average fleet. a few of the most exciting impacts accomplished by our market affiliates: WattTime Helps EVs Become Cleaner WattTime teamed up with Liberty Access Technologies to bring green charging to electric vehicle fleets. WattTime’s Automated Emissions Reduction software will integrate with Liberty’s charging technology to allow buses, vans, and other vehicles to automatically charge with clean power.

Energy Web Announces New Operating System and Innovation Challenge Energy Web (EW) has a goal of 10 gigatons of additional decarbonization, which it knows it can’t do alone. The foundation has announced an open call for innovative ideas to decarbonize the global energy sector using its open-source, digital, Energy Web Decentralized Operating System (EW-DOS). In December 2019, EW transitioned its blockchain-only architecture to the EW-DOS, a stack of open-source software and standards including the Energy Web Chain. Image RMI/NACFE

44 Rocky Mountain Institute Annual Report 2019/2020 clean, reliable energy to communities far from an electric grid. Sub-Saharan Africa has an ExploringThe Launch Ways of Third to Take Derivative the opportunityChina: Taking to bring minigrids Near-Zero to scale to cleanly COIn order out to enable of Heavy-Duty a rapid energy transition, Hauling we andCarbon efficiently Districts serve the millionsNationwide of people in the urgently2 need to accelerate the rate of climate region who lack access to electricity. In China, RMI worked closely on a 330-square- intechnology Mines: innovation and commercialization. kilometer near-zero carbon district centered RMISurprisingly, is addressing haul trucks this through at mines the emit creation 68 of around Meishan District in the port city of amegatons new joint of venture CO per with year New and Energy account Nexus. for 30%– 2 Ningbo. The project has the potential to reduce 50%Third of Derivative a mine’s totaltakes energy a uniquely use. RMI’sintegrated Pulling Shifting Investments into carbon emissions in the district to less than one theapproach Weight to of solving Heavy the Truck world’s Decarbonization toughest energy tonthe per Electricity person by 2030 System (compared ofwith 16.5 tons reportand climate helps challengesmine owners by think combining about acommitted largely per person in the United States in 2014). RMI is ignoredventure capital,but massive a curated opportunity ecosystem to cut of carbon global the Future: now working with China’s grid operator to scale andcorporations, costs, and and meet policy, climate regulatory, targets with and newmarket learningsThe Non-Wires from MeishanSolutions through Implementation its network Playbook to vehicleinsights technologies. found nowhere else to help climate 27shows provinces. how electric We are utilities also canaiming spend to embed less than an the entrepreneurs bridge the multiple valleys of ambitious$55 billion near-zerothey spend carbon annually vision on infrastructure into integrated like death from formation to deployment at scale. Lowering Minigrid Costs energypower lines planning and save with customers a national-level money, planning too, with guidelinenon-wires andsolutions standard, like solar, to achieve demand transformation response, ofand the energy energy storage system and throughout efficiency. China. And when they do, the Managing the Coal Capital Transition report will help cut the losses for coal-plant owners, their Renewablesto Expand Off-Grid Accelerator Helps shareholders, and their customers while offering Energy Access: policymakers a clearer path toward switching to Cities Go Renewable low-carbon power generation. Minigrids in the Money: Six Ways to Reduce RMI has been described as “the gold standard Minigrid Costs by 60% for Rural Electrification for how support is managed” on the American shows how to overcome the barriers that minigrids Cities Climate Challenge, a program helping currently face in reaching their potential to bring US cities move further, faster on climate action. Within two years, in partnership with World Resources Institute, we helped take municipal renewable energy procurement from an immature concept to a well-established solution, directly supporting over 1.1 gigawatts of transactions—along with nearly 3.3 gigawatts of additional impact through utility and regulatory engagement. We have provided training and technical assistance to over 120 cities, and our open-access tools and resources are being used by nearly 200 cities independently each day.

Image iStock/Nikida Rocky Mountain Institute Annual Report 2019/2020 45 Spotlight

46 Rocky Mountain Institute Annual Report 2019/2020 Images RMI Bringing the Urban Mobility Lab to Bangalore and Beyond

Of all the issues facing India as it grows its economy and population, structuring how people will get around in its cities is one of the greatest challenges as well as a great opportunity. This is particularly true for greenhouse gas emissions and toxic air pollution, which will be exacerbated if the wrong choices are made.

Rocky Mountain Institute Annual Report 2019/2020 47 Following on successes in Pune and Delhi, in February, Rocky Mountain Institute, RMI India, and Micelio brought the Urban Mobility Lab process to one of the fastest-growing cities in India: Bangalore. The city of more than 8 million and capital of Karnataka State is known as the most congested city in the world but also hosted India’s first electric bus. As such, it is a highly strategic location to develop shared, clean, and citizen-centric mobility solutions.

In partnership with the government of Karnataka, RMI and partners convened over 170 stakeholders from government, the private sector, and civil society in February for two intensive days of crafting solutions to system-level challenges.

These stakeholders generated and prioritized more than 10 solutions to improve mobility in Bangalore. These included piloting a first-and-last mile connectivity solution in a high-density corridor and implementing a data governance and technology framework to encourage accessible and multi-modal transport. Another solution supported the adoption of electric vehicles in the rapidly growing urban final-mile delivery segment by improving technical and physical infrastructure.

Moving forward, RMI, RMI India, and Micelio, in consultation with local government, will work with stakeholders to help advance a select portfolio of the identified mobility solutions. In doing so, they aim to move Bangalore and India closer to a vision of safe, reliable, and efficient transportation for its residents and further elevate Bangalore’s position of leadership in mobility.

RMI has now brought the Urban Mobility Lab process to three Indian cities with a combined population of more than 28 million, as well as convening representatives of more than 30 Indian cities and vehicle electrification experts on the subject of bus electrification. In the process, the Urban Mobility Labs have convened more than 900 stakeholders, with more than 70 organizations present at the Bangalore event alone. At these events, manufacturers, cities, and providers shared targets to launch more than 37,000 EVs in participating cities, including 125 e-buses in Pune and 350 final-mile electric delivery vehicles in Delhi.

We expect that the changes unlocked by this process will spread through the rest of India and beyond.

48 Rocky Mountain Institute Annual Report 2019/20202018 / 2019 Image iStock/winhorse

Image iStock/wayra Rocky Mountain Institute Annual Report 2019/2020 49 Financials At Rocky Mountain Institute, we are committed to creating impact from the philanthropic investment of our donors. We take pride in our sound fiscal management. RMI continues to be designated a four-star charity by Charity Navigator, America’s largest and most-utilized independent evaluator of charities. On the following pages are fiscal year 2020 consolidated financials. Complete financials are available at rmi.org.

Operating Expenses (% of Total Expenses) 4.3%

11.5%

84.2%

Expenses (thousands of dollars)

Program Services $47,727 84.2%

Management & General $6,502 11.5% Program Services Management & General Fundraising $2,439 4.3% Fundraising Total Expenses $56,668

50 Rocky Mountain Institute Annual Report 2019/2020 1.0% Operating Revenue & Support (% of Total Revenue)

12.7%

2.3%

84.0%

Revenue (thousands of dollars)

Foundation, Individual, & $56,353 84.0% Corporate Contributions

Government and $1,525 2.3% Multilateral Grants Foundation, Individual, Earned Revenue & Corporate Contributions Earned Revenue $8,496 12.7%

Other Revenue Government and Other Revenue $719 1.0% Multilateral Grants Total Revenue $67,093

Rocky Mountain Institute Annual Report 2019/2020 51 Statement of Financial Position (in thousands) Assets

6/30/2020 6/30/2019

Cash & Cash Equivalents 27,727 10,220

Investments 4 4

Beneficial Interest in Assets Held by The Denver Foundation 547 548 5.8% Accounts Receivable 2,923 5,025

Pledges Receivable Short-term 10,733 12,626

Prepaid Expenses and Other Assets 647 748

Intangible Assets 1,829 -

Pledges Receivable Long-term, Net 328 1,568

Property and Equipment, Net 15,533 15,951

Investments Restricted for the Innovation Center 608 571

Deposits and Other Assets 620 413

Total Assets $61,499 $47,674

Liabilities and Net Assets

6/30/2020 6/30/2019

Accounts Payable 1,554 1,873

Accrued Salaries and Benefits 3,517 3,011

Deferred Revenue 562 792

Other Current Liabilities 2,276 651

Total Current Liabilities 7,909 6,327

Long-term Liabilities 9,271 7,453

Total Liabilities 17,180 13,780

Net Assets 44,319 33,894

Total Liabilities & Net Assets $61,499 $47,674 52 Rocky Mountain Institute Annual Report 2019/2020 Statement of Activities (in thousands) Revenue and Support

12 months % of total 12 months % of total ending 6/30/20 revenue ending 6/30/19 revenue

Earned Revenue 8,496 12.7% 8,466 15.2%

Foundation, Individual, & Corporate 56,353 84.0% 44,838 80.8% Contributions

Event Revenue 373 0.6% 369 0.7%

Government and Multilateral Grants 1,525 2.3% 1,488 2.7%

Other Revenue 276 0.3% 358 0.7%

Change in Beneficial Interest in Assets (10) 0.0% 18 0.0% Held by The Denver Foundation

Investment Income, Net 49 0.1% 14 0.0%

Net Realized and Unrealized Loss on 31 0.0% -31 -0.1% Investments

Total Revenues, Gains, & $67,093 100.0% $55,520 100.0% Other Support

Expenses

12 months % of total 12 months % of total ending 6/30/20 expenses ending 6/30/19 expenses

Program Services 47,727 84.2% 37,578 80.0%

Management & General 6,502 11.5% 7,203 15.3%

Fundraising 2,439 4.3% 2,220 4.7%

Total Expenses 56,668 100.0% 47,001 100.0%

Excess of Revenues and Other Support 10,425 8,519 Over Expenses

Change in Net Assets $ 10,425 $8,519

Rocky Mountain Institute Annual Report 2019/2020 53 Board of Trustees

Edward “Ted” White, Thomas Dinwoodie, Lead Chair. Denver, Colorado. BA, Independent Trustee. Yale. JD, New York University. Oakland, California. BS, Name Partner, Moye White Structural Engineering, Cornell. “ LLP (law firm). Managing MS, Dept. of Mechanical We understand Partner, Fahr LLC (climate Engineering, MIT. MArch, the urgency of and energy operations of Architecture, University of Tom Steyer). Founder and California, Berkeley. Founder the climate crisis Managing Member, Estabrook and former CTO, SunPower and appreciate Funds. Chairman, Boettcher Corporation Systems. Founder Foundation (1998–2012). and former CEO and Chairman, the active work Director, Advanced Energy , a leading global you’re doing to help Economy Institute. Author, supplier of photovoltaic Business Contracts: A Guide for products and systems. More such large entities Lawyers and Business Owners. than 30 patents. find productive solutions.”

— Aaron Hill (new Pioneer- Level Donor)

Image RMI 54 Rocky Mountain Institute Annual Report 2019/2020 David Allen, Seattle, Mark Ferron, Mill Valley, Rachel Kyte, Washington, Washington. BA, Accounting, California. BS, Mathematics, D.C. BA, History and Politics, University of Washington. Notre Dame. MA, Economics, University of . MA, Principal and Executive VP Stanford. Board member, International Relations, Tufts of McKinstry, an innovative California Independent University. CEO, Sustainable $0.7-billion Seattle-based System Operator. Former Energy for All (SEforALL). engineering, construction, energy, Commissioner, California Public Special Representative, United and facility services firm. Board Utilities Commission. Former Nations Secretary-General Chair, Economic Development Managing Director and COO, for for Council. Director, Washington Deutsche Bank. All. Professor of Practice in Clean Technology Alliance. Sustainable Development, Fletcher School of Law and José María Figueres, Diplomacy, Tufts. Former Vice Roy Bedlow, London. BS, Costa Rica. BS, Engineering, President and Special Envoy for Accounting and Computer US Military Academy at West Climate Change, World Science, Oxford Brookes Point. MPA, Kennedy School of Bank Group. University. CEO and Cofounder, Government, Harvard. Founder Low Carbon. Director, Oxygen and Cochair, Global Ocean House. Board member, Land Commission. Former CEO, Amory B. Lovins, Rover Ben Ainslie Racing. Carbon War Room. Former Old Snowmass, Colorado. Trustee of 1851 Trust. Former CEO, World Economic Forum. Cofounder and Chairman VP and General Manager, Palm Former CEO, Concordia 21. Emeritus of RMI. MA (Oxon. (Europe, Middle East, Africa). Former President of Costa Rica. Spec. Resoln.), 12 doctorates Founder, European entity of h.c. Hon. AIA, FRSA, Swedish Handspring. Former European engineering academician, Marketing Director, Apple. Michael Haas, Oakland, Germany’s highest civilian California. BS, Aerospace honor. Physicist, consultant, 31 Engineering, Missouri University books, 600 papers, numerous Peter Boyer, San Francisco, of Science and Technology. MS, awards, 10 visiting chairs (most California. BA, American Aeronautical and Astronautical recently Stanford Engineering Studies, San Francisco State. Engineering, Stanford. Founder School and Naval Postgraduate Former owner, design-build and CEO, Orion Renewable School). residential construction Energy Group. Cofounder, firm. Artist, fine art painting, RDC Developments Ltd. exhibited widely in United Founder, Alliance for Climate States and Japan. Trustee, Education (ACE). Caldera Foundation. Member, National Advisory Board, Union of Concerned Scientists. Jules Kortenhorst, Director, Pacific Institute. Boulder, Colorado. CEO of RMI. MS, Monetary Economics, Erasmus University. MBA, Harvard Business School. Former CEO, Topell Energy BV. Former CEO, European Climate Foundation. Former member of Dutch Parliament. Spent 10 years at Shell at the start of his career.

Rocky Mountain Institute Annual Report 2019/2020 55 Dennis McGinn, Lexington Martha C. Pickett, Elizabeth Sall, Seattle, Park, Maryland. BS, Naval Snowmass, Colorado. BA, Washington. BS, Civil Engineering, US Naval Guilford. MCDP, College of Engineering, North Carolina Academy. Former Chief of Naval Architecture & Planning, CU State University. MS, Operations Strategic Studies Denver. JD, University of University of Texas. Founder Fellow, US . Denver. Managing Director and President, Urban Labs, Retired Vice Admiral, US Navy, and General Counsel of RMI. LLC. Former Deputy Director with 35 years of active duty. Advisory Board, Catawba for Technology, Data, and Served as Assistant Secretary College’s Center for the Analysis, San Francisco County of the Navy for Energy, Environment. Advisory Board, Transportation Authority. Installations, and Environment People & Planet Positive, IKEA. Founder, Zephyr Foundation. (Sept. 2013 to Jan. 2017). Board Jury, Dutch Postcode Lottery’s Member, Transportation member for Customer First Green Challenge Prize. Research Record Advisory Renewables, Willdan Group Inc., Board. Member, Sall Family and HALO Maritime Systems. Foundation board. George Polk, London. BA, Reuben Munger, Boulder, Harvard. Managing Partner, Colorado. BA Politics and Tulum Trust. Founder and CEO, Todd Stern, Washington D.C. Economics, BS Business The Cloud. Chairman, European BA, Dartmouth College. JD, Administration, Washington Climate Foundation. Senior Harvard. Former US Special and Lee University. Founder Advisor, McKinsey. Global Envoy for Climate Change. and Managing Partner of Vision Technology Pioneer, World Chief US negotiator of Paris Ridge Partners, LLC. Former Economic Forum. Pioneer of the Agreement. Former Assistant to Managing Director with The . President Clinton. Former White Baupost Group, LLC, a leading House Staff Secretary. Senior investment firm with over $25 negotiator for the billion in assets. Mary Powell, South Hero, Kyoto Protocol and Buenos Vermont. CEO and President, Aires negotiations. Green Mountain Power. Power- Jean Oelwang, London Gen Woman of the Year. One and Park City, Utah. Founding of 100 Most Creative People Maria van der Hoeven, CEO, President, and Trustee, in Business, Fast Company. Maastricht, Netherlands. Former Virgin Unite. Senior Partner, One of Top 25 Most Influential teacher, director of technology The B Team. Advisory Council Women of the Mid-Market, CEO center, MP. Former Minister of the Member, The Elders. Trustee, Connection. Vermonter of the Netherlands (Education, Culture, The Ocean Elders, Just Year 2015. Chair, The and Science; Economic Affairs). Capital. Advisory Board, Ocean Solar Foundation. Former Executive Director, Unite, and the Sara Blakely International Energy Agency. Foundation. Former Joint CEO, Senior Fellow, Clingendael Virgin Mobile Australia. International Energy Project. Member, Global Commission on the Economy and Climate. Member of the Board of Directors, Total. Member of the Supervisory Board, INNOGY. Member of the High-level Panel of the European Decarbonisation Pathways Initiative. 56 Rocky Mountain Institute Annual Report 2019/2020 Dutch Postcode Lottery Awards This year the Dutch Postcode Lottery awarded RMI €1,400,000 ($1,534,640) in general support. RMI has also made significant progress toward its goals in its three- year Sharing the Power Project, funded in the amount of €2,800,000 ($3,146,769) in March 2019. Sharing the Power tackles the enormous challenge of providing power to communities in sub-Saharan Africa, where RMI is engaging with local and community- based organizations to bring affordable, reliable electricity to up to 10 villages.

Since its founding in 1989, the Dutch Postcode Lottery has been raising funds to support Dutch and global organizations working for a fair and enterprising, green and responsible world. Approximately 50 percent of its revenue goes to charity. The Lottery has donated more than €6.2 billion ($7.4 billion) to hundreds of charities and social initiatives around the world. It now supports 123 charities worldwide and RMI is honored to be a beneficiary since 2009.

Image courtesy Goed Geld Gala Nationale Postcode Loterij 2020, Roy Beusker Fotografie

Rocky Mountain Institute Annual Report 2019/2020 57 “ My connection with RMI goes back to the 1970s. At that point, Amory Lovins was among the first to raise awareness, at a national and international level, that there was not an eternity to fossil fuels, and that it made economic sense to move toward a sustainable energy program. Something he said always stuck with me: You can start an avalanche by moving the right rocks.”

— John Harter, Legacy Society Member since 2007

58 Rocky Mountain Institute Annual Report 2019/2020 Starting an Avalanche by Moving the Right Rocks: The Power of RMI’s Giving Circles

For any organization to be successful, it must be built upon a strong foundation—one that is only hardened and sustained when times get tough. This is even more important for an organization like RMI that is growing quickly to address the urgent climate challenge at a global scale.

Rocky Mountain Institute’s Giving Circles: Solutions Council, Innovators Circle, and Legacy Society, are the cornerstone giving mechanisms for individual donors that build and sustain the strong foundation required to do our work. And, as the urgency of the climate crisis mounts, we depend on them to help make forward- thinking, strategic investments—calculated bets if you will—to intervene in the right spaces to have an outsized impact in the clean energy transition.

Through their enduring and increasing support—the funding has grown from these groups another 22 percent in the past year— we’ve been able to focus on the biggest problems, improve core performance, grow our unrivaled team, and increase our influence. Below are a few powerful examples of how we have done this. Some of our Legacy Society members are also accelerating their legacy giving to support RMI sooner in order to make change happen in this critical decade.

Image iStock/AleksandarNakic Rocky Mountain Institute Annual Report 2019/2020 59 ■ In the Caribbean, RMI was contacted by our 1. Focusing on the Biggest partners at Bahamas Power and Light (BPL) Problems in the immediate aftermath of Hurricane Dorian, seeking our help to restore power We shared with you the exciting developments to the island with clean, distributed, resilient around RMI’s 1.5˚C-aligned strategic focus and solutions. We were able to support our new programmatic portfolio designed to halve partners with plans for new minigrids at emissions in the next decade. The support of our critical facilities for the island and wider giving circles helped sustain our internal focus region as we celebrated the resilience of the on this bold goal and do the necessary but hard Cat-5 solar array we completed with BPL. work over an eight-month period to stand up our new global programs, advance new partnerships required to carry them forward, and more. 2. Improving Our Core This strategic realignment did not distract from Performance and Growing our focus on the important work to drive the clean energy transition forward, especially Our Unrivaled Team when a rapid response is needed. Giving Circle Giving Circle support has enabled RMI to support has helped us stay nimble and seize continue to invest in our organizational health important opportunities to influence climate- and capacity, the results of which have been critical geographies like China and the United clearly evident throughout the COVID pandemic. States or help those in need recover quickly from A few examples: climate-related disasters. For example: ■ We’ve expanded our unrivaled team with 111 ■ In China, RMI was asked to provide direct new hires over the past year who bring new input into China’s demand-side management capacity, expertise, and leadership to the policy recommendations for the country’s energy transition. 14th Five-Year Plan. Also, RMI has been conducting technical and economic analysis ■ Continued investment in RMI’s IT that will be published in a forthcoming white infrastructure, security, and tools across our paper intended to influence the plan by global offices has been particularly important detailing how clean energy resources are in today’s environment. As staff quickly a desirable alternative to additional coal transitioned to a work-from-home model to capacity. The team has conducted numerous prioritize health and safety, the measures we briefings with key government and private- put in place to facilitate remote co-working sector stakeholders on important findings and collaboration and maximize efficiency and policy considerations. helped staff across all global offices to adapt quickly and continue mission-critical work. ■ In the United States, RMI helped an early version of what is now the Green New ■ RMI staff combined our skills in convening Deal Coalition get grounded in the energy and facilitation with new technologies to transformation needed in the United States. innovate ways to conduct workshops and Our team provided subject matter expertise events digitally. This has ensured that at an in-person session with a very diverse important events like e-Lab Accelerator, the set of frontline communities, activists, Mobility Innovation Lab, and others are not academics, former policymakers, and labor halted by social distancing guidelines or representatives, as well as technical insights travel restrictions. that resulted in a much stronger technical foundation for the policy vision.

60 Rocky Mountain Institute Annual Report 2019/2020 3. Increasing our Influence One of the biggest ways that RMI drives impact is through external collaborations. As the climate issue mounts and our ecosystem becomes more complex, growing a base of partners and qualified energy leaders around the world is important to scaling solutions.

We’re designing new ways to cultivate energy leadership, improving the capabilities of energy leaders and countries to develop and scale the clean energy solutions that work best for their own community. We are pursuing this work through a variety of platforms like the Energy Transition Academy, Climate Finance Access Service, and Communities of Practice which allow professionals and policymakers to learn quickly by getting access to insights, project successes, and new approaches. These strategies have been successful in our Islands Energy Program and are now being scaled to other global programs.

Join Us Become a member of RMI’s Giving Circles and be a part of a valued community driving real impact in the energy transition. For more information on our Giving Circles, unique opportunities for giving, and how you can get involved:

Visit: rmi.org/donate

Contact: [email protected]

Image iStock/yangnaImage

Rocky Mountain Institute Annual Report 2019/2020 61 An Organization You Can Trust RMI is a recipient of Charity Navigator’s 4-Star rating, the highest rating possible given to nonprofits for fiscal responsibility and transparency. We are also rated as a Guidestar Platinum organization.

62 Rocky Mountain Institute Annual Report 2019/2020 Image iStock/Казаков Анатолий Павлович

The Innovators Circle IC The Solutions Council SC The Innovators Circle is an engaged group of The Solutions Council is a collaborative partners who fuel RMI’s work through philanthropic community of donors committed to support and clean energy leadership. Innovators understanding, supporting, and advancing RMI’s gain unprecedented access to the ideas, experts, work to create practical transformation through and projects that are shaping markets. an annual gift of $1,500 or more.

Learn more at Learn more at rmi.org/innovatorscircle rmi.org/solutionscouncil

Rocky Mountain Institute Annual Report 2019/2020 63 Heroes Game Changers Market Movers $1,000,000 and above $500,000—$999,999 $100,000—$499,999

Bloomberg Philanthropies Angela Wright Bennett AT&T Foundation Climate Breakthrough Project Dr. Charles BabbsIC Apple ClimateWorks Foundation Bank of America Charitable Climate Imperative Foundation Dutch Postcode Lottery Energy Foundation Peter Boyer & Terry Gamble Generation Investment BoyerIC Management Gates Ventures Leonard & Elizabeth BuckIC Good Energies Foundation Jeremy and Hannelore Grantham Environmental Trust Center for Disaster Philanthropy Google.org The Lemelson Foundation Clinton Foundation The Grantham Foundation for the Protection of the Adam & Melony LewisIC Draper Richards Kaplan Environment Foundation Local Initiatives Support High Tide Foundation Corporation The Educational Foundation of America IKEA Foundation Mac & Leslie McQuownIC Energy Foundation China The John D. & Catherine T. Oak Foundation MacArthur Foundation Energy Innovation Policy and Ray and Tye Noorda Foundation Technology LLC The Estate of Julie B. Lovins & Greg Fowler Save The Children European Climate Foundation

Lyda Hill Philanthropies Tides Foundation Mark & Tracy FerronIC IC Quadrature Capital Foundation Jack & Susy Wadsworth Great Lakes Protection Fund

Robertson Foundation Wellspring Philanthropic Fund Goldman Sachs

Rockefeller Brothers Fund Anonymous Michael & Rocio HaasIC

The Rockefeller Foundation Heinz Endowments

Sall Family Foundation Heising-Simons Foundation

Fred & Alice StanbackIC Don & Jennifer HolzworthIC

Wells Fargo Foundation Hunter & Stephanie HuntIC

The William and Flora Hewlett Garrett JacobsIC Foundation Jacobs Family Foundation Anonymous

64 Rocky Mountain Institute Annual Report 2019/2020 26% of donors were first-time donors last year

Rocky Mountain Institute Annual Report 2019/2020 65 JP Morgan Chase Bank Disrupters Energizers IC Landers Family Fund $50,000—$99,999 $25,000—$49,999 The Nature Conservancy Rachel & Adam AlbrightIC The Amdur Family Fund Bill & Melinda NusseyIC Big D Foundation David & Patricia Atkinson The Paul & June Rossetti FoundationIC craigslist Charitable Fund Iain & Georgina Campbell

IC Sally Mead Hands Foundation Dinwoodie-Meservey Family Jessica Case

Sandler Foundation Eldred Foundation Cultural Vision Fund

Schmidt Futures Flora Family Foundation Suzanne Farver & Clint P. Van Zee Shell International B.V. The George B. Storer Foundation John & Kathryn Greenberg Sidney E. Frank Foundation George KrummeIC Georgiana Nielsen Bradford G. Stanback & Shelli IC Lodge-StanbackIC Julian Lauzzana Lynn Jurich

The 11th Hour Project of The Lucretia Philanthropic Fund Patrick J. O’Donnell Schmidt Family Foundation MAP Energy Andrew Sabin, in honor of Vision Ridge Partners, LLC Amory’s 72nd birthday McKnight Foundation VoLo Foundation Solar Mosaic, Inc. Merck Family Fund WattTime Matt Winslow The Moore Charitable Howard & Lisa WengerIC Foundation Kenneth & Anna Zankel, in honor of Martin & Margaret Wiancko Charitable Foundation Open Society Foundations Zankel

World Resources Institute Ronald W. Naito MD Foundation Samantha & Scott Zinober

Wy’east Foundation Rudy & Alice Ramsey Family ZOMA Foundation FoundationIC AnonymousIC Anonymous (2) Sunrun Inc.

Laney & Pasha Dritt ThorntonIC

AnonymousIC

66 Rocky Mountain Institute Annual Report 2019/2020 SC Pioneers Marie & Douglas McKeige Optimizers $10,000—$24,999 Marianne Mitosinka & George $5,000—$9,999 WickSC

SC SC Jeffrey & Rona Abramson The Moses Feldman Family Phillip Adsetts Foundation Samuel & Sarah AdamsSC Apple Gifts Matching Program Moxie Foundation The Barth Family Fund of the Jim ArestySC SC Oregon Community Foundation Frank & Ashley O’KeefeSC Richard & Joanne BarsantiSC The Baum Foundation Carol OlwellSC John & Jacolyn BucksbaumSC BayWa William W. Parish & Wahleah S. Joseph E. ByrdSC JohnsSC James & Mary BettcherSC Cannon Design SC Pascal Strom Family Fund of L. J. Birch SC Triangle Community Foundation Ceres Charitable Foundation Ella & Scott BrittinghamSC Paul M. Anderson Foundation Jody & Curtis ChangSC Matthew BrownSC Kent Pressman & Susan Robert Tod ChubrichSC SC Buckmaster Foundation Roudebush Stephen & Joan ClarkSC Catena Foundation Ray C. Anderson Foundation Clay ColemanSC SC Tony Stayner & Beth CrossSC Frank Rodriguez Dr. Loring & Mrs. Louise ConantSC Andrew DarrellSC James & Gretchen Sandler Philanthropic FundSC Conscience Bay Company and José Rossi Coughlin & Maria Boulder Food Group SC GarciaSC The Shugar Magic Foundation The Cynthia and George Lindsay & Kirk HardieSC Tides Foundation Mitchell Foundation

SC Aaron HillSC Rooney Torres Dallas and Louise Anderson Foundation William B. HoweSC TransitCenter Direct Energy Texas Jaideep & Rachel Khanna Ted & Nancy White and Moye IC FoundationSC White LLP Legacy of Mary & Bob SC SC Edmondson Lewy Family Foundation Robert & Kathy Wiesemann SC SC Jan V. Eyer Low Carbon T. Walley Williams, III

SC Franklin Charitable Giving SC Jane Woodward Duncan & Nancy MacMillan Program SC SC Anonymous (8) Moreen McGurk Rolf & Julie GoetzeSC

SC Martin McHale Google Gift Matching Program

Rocky Mountain Institute Annual Report 2019/2020 67

40%of donors have supported RMI for 10 years or longer

68 Rocky Mountain Institute Annual Report 2019/2020 Margie & John HaleySC Dave Rossetti & Jan AventSC Sundance Banks & Claudia Dierkes-BanksSC Sarah HancockSC John & Jeannie SeyboldSC Leslie & Rutgers BarclaySC Margaret C. IvesSC Jonathan & Xixi ShakesSC Greg BausoSC Michael JohnstonSC Charles SieloffSC Andrew BeebeSC Johnny KahlbetzerSC Robert SoltessSC Chris & Katherine BergSC Richard & Marianne KipperSC Robert & Leslie SpeidelSC Ben & Anne BingerSC Todd Stern & Jennifer KleinSC Stone Waldinger Family Foundation James A. BoorsteinSC 40% Jules T. Kortenhorst & Lisa Searl VetterSC Garret Swart & Indiana Kathy & Bjorn BorgenSC StrombomSC Stephen KunkelSC Diane BossSC The Alice Pack Melly & L. SC Wei-Tai Kwok & Violet Hsu Thomas Melly Foundation Victoria Gordon & Robert BradleySC SC Amory & Judy Hill Lovins United Health Group Catherine BrewsterSC SC Siri & Bob Marshall David & Melody Wilder WilsonSC Molly Matheson BrooksSC SC Avi Stopper & Kalliopi Monoyios Margaret & Martin ZankelSC Jim BrownSC SC Nancy Munro Anonymous fund at Aspen SC Community Foundation Kay Bucksbaum Tom NelsonSC Anonymous (4)SC The Bullitt Foundation Nicholas J. OlenecSC Donald L. & Deborah ButlerSC Emily Overlock CurrySC Linda D. CampbellSC Martha Pickett & Edgell PylesSC Integrators $1,500—$4,999 Mary Caulkins & Karl KisterSC Rick Powell & Rita AyyangerSC Evan CaulleySC Prentice FoundationSC Madhav AcharyaSC John & Lou ChapmanSC Sara RansfordSC Peter & Patricia AdlerSC Lynn ChardSC Richard Rainaldi & Martha Marcia Angle & Mark Trustin RecordsSC Fund of Triangle Community Douglas & Jocelyn ChildsSC FoundationSC Inga Robbins & John ReynoldsSC Brian & Alison ClewSC Brynn ArboricoSC Carl RiehlSC Rebekah Cousins Tomakin & Julia ArchambaultSC Leonard RoarkSC Jeff Crystal, in honor of Peter & B.T. Rocca, Jr. Foundation SusanSC Janice RomanoskySC

Rocky Mountain Institute Annual Report 2019/2020 69 Marilyn DanielSC GE Foundation Tom Henry & Sheila Dennis, in honor of Sheila F. DennisSC Martha H. DavisSC Frank GetmanSC Stephen HerbSC Ann N. DawsonSC David & Susan GiffenSC William & Susan HewittSC Dell Direct Giving Campaign David & Melinda GladstoneSC Miles Hill & Nastassia Urlapava- SC SC Stephen D. Dent David Gluck HillSC

SC SC Mike Derzon & Robin Supplee Sandy Gold Beth HinnenSC

SC SC Tyler Downer Steven Goldberg John HirschiSC

SC SC Robert L. Dunn William B. Grant William HorneSC

SC Paul E. Dunne Peter Greenberg, in honor of Patricia & Randall HortonSC Amory LovinsSC EarthShare The Jackson H. Fenner SC Brian Greer Foundation, Inc. Gordon EatmanSC SC Group 14 Engineering Karen JenneSC Benjamin Efram, in honor of SC the Efram & Hone Families & in Christopher & Sherrie Hall Donna Davies & Dennis SC memory of Mary Orbach JespersenSC Ben & Nina HallissySC SC Stephan Ellner Suzanne JohnsonSC David & Mary Mead HammondSC SC Jeffrey P. & Suzanne Emerson Dennis & Marsha Haner Margot & Richard HamplemanSC JohnsonSC Wes ErnsbergerSC David & Jan HardieSC Komala KailashSC The Fackert FamilySC Arno & Nadine Burke HarrisSC SC Ms. Billie Kanter-Monfort & Kirk Elizabeth & Robert Fergus SC John & Marcia HarterSC Monfort SC Michael Ferrante SC Ned & Libby HarveySC Michael & Laura Kaplan SC Andrew Field SC Ann HazzardSC Helen J. Kessler Greg & Jane FletcherSC Philip Heinrich & Sally Juram, in Kinesis Foundation Gina ForteSC honor of raising billions to invest Robert L KirbySC in climate solutionsSC Steven M. & Nancy FoxSC Beth KirkhartSC Susan HelmSC David Frankl & Mary BlenkushSC Kerry Kirkpatrick & Mike PillingSC Kimberly HendersonSC Gretchen R. GanfieldSC Sue & Chris KlemSC Margaret B. Henderson, in SC Jim Gano SC memory of Marguerite D. Blanke Michael & Deirdre KrumperSC

Michael & Colleen KunkelSC

70 Rocky Mountain Institute Annual Report 2019/2020 Brian Kurzel & Sasha GubserSC Joel & Jean McCormackSC Sarah E. PerrySC

Rachel E. Kyte & Ilyse A. ZableSC John McGarry & Michelle WernliSC Lindsay PhillipsSC

Travis LandauerSC Dennis & Kelly McGinnSC Christine & Mark PolleSC

Timothy LargeSC McKinsey & Company Popik Family Foundation

Alexander LaskeySC Donald & Geraldine McLauchlanSC David Porteous & Vicky SmithSC

Peter Laundy & Shirley Dugdale Chuck & Monica McQuaidSC Bob PostSC LaundySC Rosie & Patrick McVaySC Private Wealth Network Carola B. LeaSC Jacqueline Merrill & James E. Jerome PuskinSC Jacob Lebowitz & Candace Hughes, Jr.SC SC RidingtonSC Nagaraj Rao Microsoft Matching Gifts Elaine LeBuhnSC Program/Giving Campaign Joseph & Xiaomei Li Reckford Fund of the Triangle Community The Leighty Foundation Nicole Miller & Kim Taipale, in FoundationSC memory of Eric KonheimSC Betsy & Steven Levitas, in honor Logan Hurst & Nancy ReynoldsSC of James T. Mills, Sr.SC Paul MillerSC Eric Ross & Nicole MacNeelSC Lisa LindsaySC Gayle Miller-JantonSC Paul D. RudnickSC Fredric & Jane LittSC Jimmy MillsSC Justin SabrsulaSC Steven Lober, in memory of James E. & Catherine MitchellSC SC Allen LoberSC Marina San Miguel Todd NelsonSC Peter & Kataneh LohmanSC Pat Sapinsley, in honor of Scott Khanh NguyenSC PruittSC Bob Lorenzen & Priscilla ElderSC Nichols Group Limited Robert J. Schloss & Emily M. Frances & Robert F. LudwigSC SackSC Ethan Novek, in honor of Peter LynchSC Menachem ElimelechSC Susan & Ford SchumannSC

George ManahilovSC Marian Goldeen & Arthur Joyce & Paul SchwerSC OgawaSC Andrew M. MarineSC Meryl & Robert SeligSC Steve OstanekSC Robert & Margaret MarshallSC Jigar ShahSC Debbie & Tadd OttmanSC Benjamin MartinSC Robert SmithSC Patagonia.com Morley McBride & Bailey SMP Gift Trust, a Donor Advised McCallumSC Nicola Peill-Moelter, Ph.D.SC Fund of The U.S. Charitable Gift Trust SC Tom & Darlene McCalmontSC Petya Perkins, in honor of Sean PerkinsSC Jill SofferSC

Rocky Mountain Institute Annual Report 2019/2020 71 SC Sara & Tagge Solaimanian Webb Family Stewards SC SC Isaac Sonnenfeldt Mary & Jerry Weber $500—$1,499 Martha C SoukupSC Jonathan Weil, in memory of Margo FaierSC Joel & Marla Adams Srinija SrinivasanSC Lynda & Doug WeiserSC John & Marcia Addison Rebecca StairSC Rom & Pamela WelbornSC Gautam Agrawal E. William Stetson, III & Jane Watson StetsonSC Llewellyn WellsSC Gary & Tara Albaum

Susan StillmanSC Kendra WenzelSC John David Allbar & Kerstin Gastreich Robert Stiratelli, in memory of Paul & Elena WestbrookSC Ellen M BardSC David Alley Fund Jason WexlerSC Jennifer StokesSC Adam Altenhofen Judd Williams & Anne Daniel & Nancy StreiffertSC Bonaparte, in honor of DariusSC AmazonSmile Foundation

Erci & Cynthia Strid Charitable Luke WilsonSC Ambient Energy, Inc. FundSC Tobias & Catherine Wolff, in Nicholas Anderson Stumph FamilySC honor of the artistry of Peter Brian Arbogast & Valerie Tarico BoyerSC John SwansonSC Joan Abrahamson & Jonathan Rex WrightSC Beth SweetSC Aronson Marge Wurgel & Keith Sue Atkinson & Steve Ornowski Texas Instruments Foundation MesecherSC

SC Teresa & Gerald Audesirk Romain Thibaux Zaitlin-Nienberg Family FundSC

SC Paul & Deborah Baker Bikas Tomkoria Anonymous, in memory of Nancy Greer HoughSC Jonathan Adair TurnerSC Robert Barrett & Linda E. Atkinson Anonymous (13)SC Maria van der HoevenSC Martens Bash Thomas Van DyckSC Peggy Bauhaus VMware Foundation Matching Gift Program Bob Bechtold

Leonie VogtSC Aaron Bell

Ralph WangerSC Larry & Kathryn Berkbigler

Judith Wells Warner & James R. Carol & Robert W. Bertrand WarnerSC Bill and Melinda Gates Foundation - Employee Match Program 72 Rocky Mountain Institute Annual Report 2019/2020 We had a total of

2,431 donors (individuals and foundations)

Rocky Mountain Institute Annual Report 2019/2020 73 Daniel M. Blankstein The Charles & Esther Kurt Dieringer, in honor of St. Lee Kimerling Charitable Francis of Assisi Kim Blehm Foundation, in honor of Sam Kimerling Tim Disney Jerry Blitefield, in honor of Jackie Marie Kalen & Kenneth Iain & Michaele Charnley The Donahue Fox Family Fund Peter Russell Cooper Chevron Corporate Meghan Duff Michael Bobker Contributions and Programs Andy Bochman Thomas H. Cheyney Bernice & Loyal Durand Carol & Dick Bourne Ronald Christenson Lawrence Eldridge Sydney Boyum Helena Chum Paul Elias & Marie Lossky Jenelle Bray Ron Constable John & Patty Elstrott Fund Craig Matthew Briggs Julie & Darren Cooke Employees Community Fund Of Stephanie Brun de Pontet Mary Cooper The Boeing Company

Jane Brune Margery Cooper Eric Enderton

Jeff & Jane Brune Lee Cooper, in honor of Michael Craig Etchison Totten The Buchanan Family The Fair Share Fund at Foundation, Inc. Jonathan Coopersmith Community Foundation Santa Cruz County Joseph Buffone Debbie & Rob Copito Susan Felter, in honor of Tom, Grey Burnett Cheria Coram Ann, Susan, Bill, Lynn, Elizabeth, Greg & Kristen & in memory of Thiel Butner Marilyn Cossey June Marie Felter Ames Byrd Stephen R. Cournoyer James Flanders Pat & Greg Calhoun David & Jenifer Cramer Sylvia Flescher Rick Campana Bruce Cross Houshold Dean Flugstad Dr. Patricia & Mr. Thomas Jessica Curran Ken & Judy Foot Canfield Joanne Thornton Curtz & Thad Joe & Rita Foss Elizabeth Cannon Curtz Susan & C. Bradford Foster, III Carolina Solar Energy LLC Dandelion Fund Joseph Frantz & Laura Foster Carolyn Foundation Darco Inc. FRP Underground Water Tanks Frederick Fritschel & Carol David I. Caulkins Langner Stephen Dey & Ashley Gibb CCY Architects Cassandra Gamm

74 Rocky Mountain Institute Annual Report 2019/2020 General Electric Mark Jenne Carlos Maltzahn

Marian & August Gerecke, Jr. Andrew Johnson Jamie Mandel

Ryan Gleeson Kurt & Diane Johnston Thomas Marcyes

Goldin Family Paula Buxbaum & Doug Jones Rob M. Martin

Richard C. Goodwin & Liz Atkins Buzz Kaas Joseph Martinich & Vicki Sauter

Jonathan & Dana Gottsegen Sanjay Kalra, in memory of Dr. William Mathison Leonard “Nardo” Quartetti Craig Goulden Susan Mcallister Kane Family Foundation Joseph Greene & Nancy Flint Susan B. & Robert J. McCarty Greene Taylor Keep Donald McCluskey Jerry Greenfield & Elizabeth Jim Kelley & Amie Knox Skarie Michelle McCombs Richard & Ruth Kidd Sarah Groves Meredith McIntosh Jai Lakshman, in honor of Leia Guccione Amory Pat & Barb McMahon

Scott Hagen Tania Landauer Alan Meisel

Richard & Lonna Harkrader Rachel Lawrence, in honor of Gail & Andy Meyer Children, Grandchildren, Great Ann Miller Jan Harris Grandchildren Donald Moldover Emily & Thomas Haslett Colette Muller Lee Donna Moore & Jeff Moore Eric Helm David Lesikar with the Gulf to Bay Sotheby’s June H. Hiatt Lynda Lester International Realty, in memory of Bud Konheim Catherine & David Hills Robert & Nancy Ley Sue & William Morrill Dave & Susan Hoenig Roger & Florence Liddell Chris Moser & Lennie Moeller Robert Horowitz Jim & Dianne Light Phillip Mulligan & Susan Steven Howell Scott Lines Holdrege Morse

Katie Hunt-Morr LinkedIn Dr. & Mrs. Robert A. Nagourney

Hutch Hutchinson David & Laura Lockledge The New York Times Company Foundation Nina & Tim Itin Michael L. MacDonald Scott D. Newman The J.M. Kaplan Fund James & Christina MacInnes Robb & Sarah Nichols Charles N. Jaffee & Marvina Lepianka Rocky Mountain Institute Annual Report 2019/2020 75 Kent Niss Peter & Helen Raudenbush Pamela Shillam

James Nottage David Reckner Jack N. Sibley

Oracle Corporation Matching David J. Reich & Martha Plotkin Drew Skau, in honor of Judith Gifts Program West David Richardson Emily Overcarsh Anne Slichter Robert Rinaldo David Owens William & Carol Smallwood John Roth Robert H. Palrud, in honor of Leslie Ann Smith & Alexander Richard Landers Roussev Family Charitable Fund McGregor, in honor of Zeke & Marina Smith Joel Papo Clayton Rockefeller & Manya Rubinstein Scott Smith Edwin B. Parker Mark Rudd & Marla Painter Curt & Michele Snyder Emma Dutton & Zachary Patterson Gary Sabula Barry D. Solomon & Patricia Gotschalk Pattillo Management, Inc. Shari & Seth Saideman Brett Spencer, in honor of Eric Frank San Miguel Pete Peacock Spencer Samuel Sandeen Richard Pearlstone & Amy Elias Ellen Spertus Brent Sandweiss William F. Pedersen Karen & Donald Stearns Dr. Stephen & Lorrie Savage Pepsi Co. Anne M. Stoddard Brad Schmier Claire & Eugene Perricelli Bruce Storms Kevin Schmitt Gerald & Kathleen Peters Ned & Amy Stowe, in honor of Monica & Rusty Mellinger Pitney Bowes Anna Schneider Bente Strong, in honor of Peter Martin Plotkin John H. & Patricia Schwarz Boyer John Pound Schuyler Senft-Grupp Patricia Sullivan Richard & Bev Prager Nancy & Greg Serrurier Cathie & Charles Sundry Robert Preus & Helen Hull Zia Shapiro, in honor of Daniel Robbins Derek & Charlotte Supple Marsha Pritchard Marcus Sheffer Carol Swenson Dan & Helen Quinn Shell John Szostek, in honor of Anne Diane Rane Jones Tara Szostek Karin & Jim Shiel Mary B. Ratcliff Steve Szymanski & Carli Zug Chris Tallackson

76 Rocky Mountain Institute Annual Report 2019/2020 Bob Theis

Brian Thornton & Michelle Our donors came from Hamilton

Rip Tompkins & Fran Clark

Jesse & Melissa Truax

Trey & Jennifer Turner

Jay Turner

Jacqueline Ketner & Fred Unger, in honor of Fred Unger

Virginia & Pete Van Kuran, in honor of my grandchildren

John Van Leer US states and Bob Van Wetter & Betsy Brew 50 Justin Vandenbroucke

John Velonis

Jean Oelwang & Christopher Waddell

Alexandra & Steve Walker

Dr. Barbara H. Warren, in memory of David Fuller Paul & Dorothy Waugaman countries Rogers & Julie Weed

Rick & Wendy Weeks

Jeff & Ann Weeks

Dana & Steven Weinstein

Mr. & Mrs. Stephen Werts Judith West 15 Kathy & Matt Wight

Ray Wilson

Rocky Mountain Institute Annual Report 2019/2020 77 Arthur & Anne Wilson Ronald & Margaret Brand Scot Drysdale & Patricia Higgins

Windham Fund Julie Brannon Marjorie Thompson Duck

Peter & Janice Wizinowich, Richard R. Brigham & Sally E. Robert Simms Duncan in honor of Peter & Mildred Stapp-Brigham Wizinowich Katheryn & Brad Dunn Bill & Carol Bruml Danny Yu Anne & Paul Ehrlich Bill Burke Justin & Angela Zhou-Greene Ann Brayfield & Joseph Louise & Thomas Burns Emerson Anonymous, in honor of Alan the Raptor Judith Byrns & Joe Bergquist Sydney Engel

Anonymous (25) Sally & Tom Cahill Lynn Epstein Peggy Carlson Charles & Chase Ewald $250-499 Scott Castro W. Michael Fagen Joseph & Sally Conklin FirstBank Incentive Fund ABBVIE Jeffrey G Coombe Michael Flanagan, in memory of Richard & Heather Ames Len Quartetti William Corin Candyce Anderson Bill Flanagan Ewen Coxworth Peter Andreyuk William Forbess Senator Michael Bennet & Nancy & John Artz Susan Daggett Pam Franks

Ken Bailey Robin Dahlberg & Edwin Mark Friedman Maynard, in honor of Ted White Wahhab & Katherine Baldwin Caroline Gaudet FMTC, IRA Custodian William Ken Barnes & Patricia Beatty Norris Dale, Jr. Susan Gibbs Douglas & Maria Bayer Annette Danner David Godfrey Jennifer Bissell Ruth & Dennis Demmel Kayla Gold Michael Blonsky John C. Dernbach Philip Goldbroch Will Bloomer David Docter, in honor of Amory Leslie Goldman Lovins Micah Botkin-Levy Nick Goldsmith James & Mary Downton Shannon Bouton Peter J. Gollon Charitable Fund Mr. & Mrs. James C. Brady Joshua & Cara Drews

78 Rocky Mountain Institute Annual Report 2019/2020 Peter Gould & Nora Doyle John & Rusty Jaggers Andrea Marron, in memory of Bud & Eric Konheim Matthew Grace Paul Jahnige & Sally Loomis William & Vicki Martin, in honor Linda Gray, in memory of Tom Jobes Builders of Will Martin & Sam Martin- Gray Climatehawk1 Haley & in memory of Harry the Peter & Sandra Johnson Wizard Dale L. Gray the Roger L. Johnson & Martie Rex Mayers Elaine D. Gray A. Moreno Fund of the Jewish Community Foundation Nancy Maze Sadja Greenwood Peggy Jones, in honor of my Michael Maze Brent Groce & Donna Cordner Materials Engineering Students at Saginaw Valley State Vince McClellan John W. Hancock, III University Duncan McPherson Jim & Marilyn Hand Ronald Kaltenbaugh Norman Meites Donna Hanover & Edwin Oster, Kathleen & John Kauffman in honor of In honor of our Kevin J. Eigel & Marcia Miller friend Bud Konheim - - a man of Steven Keffer great insight, humor, & kindness Rick C. Montague - - & of his beloved son Eric Teresa & Charles Kimbell David L. Morris Bruce Hanson Andee Krasner George & Ellen Mozurkewich Lawrie Harris Susan Krivin Noble Lane Foundation David Harvey Nancy & Randolph O. Laatsch Norris Family Fund Clayton & Geri Hemmert Carl Lahti James M. & Louise Wilson Joe Henry Peter & Fawn Landrum Noyes

Naomi Himmelfarb Gail Lauzzana Burke O’Neal

Tracy & Dick Hirrel, in honor of James & Susan Lenfestey Peter M. & Marie D. O’Neill Peter Boyer Abbie Liel James Olesen & Lynn Nowels Michael Holm Ronald Lind, in honor of Bob & Chanel ONeill, in honor of Ella Carolyn & John Holton Sondra Lind Ramos ONeill

Judith Horstmann & Howard John P. Linderman John W. Osgood Bennett Aaron Lisman Sam P. Osterkil David W. Hunter Ann Luther & Alan Vlach Emily Owens-Bennett Matthew Ilinitch Randall L. Mann & Sarah Luth Jim & Joan Palmer C. Audrey Im Peter March

Rocky Mountain Institute Annual Report 2019/2020 79 Sean Parks Lisa Shulock Bill Weihl & Lisa Mihaly

PayPal Giving Fund Maia Shwartz Mark & Janet Widoff

Brooke A. Peterson & Carol Shaun Simpkins & Dawn Holt Anna Wils Hood Peterson Alan Simpson & Jane Gouveia- Samuel Wilson Michel Poirier Simpson Michael & Marilyn Winer Eben & Sarah Rauhut Catherine R. Smith YourCause (Dell, Paypal, At&T Timothy Raupp Owen & Tracy Smith and Chevron Giving)

Samuel Reid Steve Snyder & Jacuelyn Ellenz Frank Zabel

Resource Engineering Group, Inc. Steve Spieckerman Gabriel Zimmerman

Scott Reynolds Rory Stavro-Pearce Anonymous (8)

Mike Roeth, in memory of Logan Keith Steele Roeth Ivo & Beth Steklac $100-249 Joseph Rosato Brian Stoll 2019 OOA - Air Products Andreana Rosnik Timothy Stoller Retirees Adam Rubin John Sudman Robert Abbott Mark S. & Judith K. Schaffer Brandon Sudzius ABR, Inc. PB Schechter Jane Jan Aceti Steven Schechter Linda & John Thornton David Adams Melissa Schifman Brad Tirpak Harold Adams Sue Schimmenti Norman Tjeltveit Fareeda Ahmed, in honor of Jared Schneider Paige & Mike Henchen John Harper & Ellen Tohn M.B. Schwehr Chad Alevras Tavo True-Alcala Gottfried Sehringer American Family Insurance Peter Tucker Dr. Jason Sell Rosemary Anderson Donald Voigt George R & Heather A Sepelak, Anita & Keith Anderson in memory of Heather A. Lund Liz & Robert Wagner Lorraine P. Anderson Robert W. & Anne M. Shaw Jr Lynn Walsh Lynn Anderson Lee Shrewsbury Susan Weber, in honor of Nancy Sherman Susan Anderson

80 Rocky Mountain Institute Annual Report 2019/2020 Katharine Andrus, in honor of Franz Baumann, in honor of Mary Blackmore Kiera & Rowan Hartsock Hannah Baumann William C. Blake Anonymous Donations - Paypal Thomas & Mona Bayard Giving Fund William R. & Anne H. Blessing Terry Beaubois Alan Appelbaum Oscar Bloch Gordon Beck Lynn Appelbaum Jim, Regina & Becky Bock Karl & Barbara Becker Matthew Arndt Joan & Kevin Bockman Christopher G. Beehner Lloyd Arnold Jean Bodeau Bernadette Bell & Kenneth James & Kelton Arthur Wachter J.R. Boehrs

Paul Arveson David Benham Karen Bohan, in honor of Ana Maria Tristant Walter & Jill Auburn Thomas Bennett Kitty Boniske J. G. Augustson Paula Benson, in memory of Leonard Quartetti David W. Bostrom Becky Ayres Edward E. Berg Kenneth Bowers Guy R. Babbitt Chris Bergerud Daniel Bowling Anne Bachner, in honor of Bryce Jenkin Paul Bergquist & Carole Austin Jennifer & Christopher Boyd, in honor of Lily Boyd Mary J. Baggerman & Philip W. John Bergstrom & Nancy Johnson Hanson-Bergstrom Elsie Bracken, in memory of Bud & Eric Konheim Roy Bahat, in honor of Ari Bahat Eli Berlin Robert Bradish Norman Bair Jeff Bernstein & Jean Stevens Dorothy & Richard C. Bradley Samuel & Emory Luce Baldwin Barbara & Geoffrey Berresford Renata & Gary J. Brand James Baldwin Alan K. Betts & Karen James Carol E. Brand James Barber Delmar & Shirley Beverly James E. Breck Bryce & Ann Bardin Barbara & Joel Bickell, in honor of Michael Johnston Scott A. Brenneman Joyce & Gerald Barker Eddie Oteiza & Penny Bidwell Kevin & Maurya Brenneman Pete & Jeanie Barkett Karen Bireta Brian Mullaney, in memory of Tom Bassett-Dilley Marie & Vincent Mullaney David Birr Mary Louise & Joseph Bates Rutt Bridges & Annie Cleaver Cate & Trevor Blackford

Rocky Mountain Institute Annual Report 2019/2020 81 David Bright Eva Casey Damien Condo, in honor of Helping those in need as a Karen Brown Christel L. Casjens result from the destruction of Hurricane Dorian Lillian Brown Duke & Jan Castle Clarinda M. Conger, in memory Helen & Morgan Brown Monty Caudle of Treya Killam Wilber Ron Brown Richard & Avery Chase David Conna Andrew C. Browne, in memory Jeffrey S. Chase Nancy A. Conrad of Susan Browne Steve & Molly Child Kyra Cooperman William D. Browning Albert Christensen Tod & Sharon Cooperman Rebecca Bryson Adam Chrystie, in memory of Jonathan Corbet & Laura Andy Buccino Charlotte Chrystie Compagnoni Lisa Buchanan George H. Chu & Celine Y. Chu Janet & William Cordua Dr. Martin Buchheim Lionel Church Denise & John Corkery Clark & Irene Bullard David Claridge Eric & Angelyn Cornetta Shelley Burke & Al Nemoff Cloyd Clark John & Susan Cottle Ryan Burruss John Clark Robert Cowan Susan Butler, in honor of Delia, Theresa & Rodney Clary Weston Crawford Lucia & William Rollow Laura Clement Andrea Cristofani Geurts Bill Butler Carole & Peter Clum Marcia & Malcolm Crosbie Harry F. Byrd, II David Coale Cathy Crouch David Byrne, in honor of Lily Sander Cohan Byrne Susan D. Crow Russell Cohen, in honor of Brian P. Canfield Joseph T Crymes Aliyah Maya Cohen Cara Carmichael Mason Cummings Bill C. Coleman Barbara & Bruce Carney Caleb Cunningham Linda & Tom Collier Gina Carola William & Polley Cunningham, in Pat Conarro, in memory of memory of Eric Konheim Lauren Carpenter beloved Jack Conarro, a loyal friend Jan & Lynn Dash Allen Carroll Don Davidson & Sandy Simpson Jean Carroon

82 Rocky Mountain Institute Annual Report 2019/2020 Douglas Davidson Mary Eagan Mark D. Fendrick & Caren Comer Fendrick, in honor of Gillian Davies & Aaron Pailes Roger L. Easton, Jr., in memory Sharon Posner of Roger L. Easton, Sr. Philip Davis John Fielder Pam & Kirk Ebertz Andrew M. & Lynn Dykstra James F. Finlay Davis Malena Eckenrod Bruce Finlayson Peter & Catherine Davis Drew Ehrhardt Aaron Fischbach Elizabeth & W. Mark Day Cara Eisen & Gil Forer Claire Fitz Leslie Deamer Marion & Merritt Elmore Bruce Fleming-Smith Jim DeCecco Bill & Carol Emerson Karen Florini Eugene DeJoannis Jackson & Olivia Emmer Alec Flyer Anthony J. Del Gobbo Sam Enfield Katherine Fogle Penny & Ross DePaola Marjorie Engel Steve Folkner Robert A. Derrickson, Jr. Kristi Ennis Tyler Folsom Design Group Architects Bower- Christopher Enright Licher, Inc. Paul & Barbara Forste Peter Erickson Dr. Joseph & Ms. Johanna Tad & Melissa Foster Fausto Di Dio Clay Ernst Doerte Fouquet Mia Diawara Diane C. Eskew Andrew G. Frank Kevin Dickson Sally Esser Dr. Martha Frede Ernie & Nancy Diedrich, in Larry & Rhea Estes memory of Günther & Greta Constance Fredenberg Thammy Evans & Victor Ullom Diedrich Joseph Frett Sylvia & William Everett Fred & Rosalie Dix Karl & Barbara Friedman Linda B. Fabe Carl Dorner Ashley Friedman James Fallows Michael P. Dowling Ilan Friedmann-Grunstein, in Gregory Farmer Tom & Ann Doyle honor of Rafael Friedmann Christopher Fearnley Martin Dugan Debra & Robert Fung Ryan Fenchel Robert & Caroline Duncanson Timothy D. Furst

Bill Dyer Steven Gage

Rocky Mountain Institute Annual Report 2019/2020 83 Clare Laufenberg Gallardo Alan & Fran Greenglass Karen & Kenneth Hannah

Henry Galley Marji Greenhut Timothy & Margaret Hansen, in honor of Lena Hansen Christopher B. Galton Lumina Greenway Tom Hanson Gap, Inc. Daniel & Katharine Gregory Max Haraldsen Daniel Garcia Peter R. & Joanne Griesinger John & Gretchen Harder Remy Garderet Jason Andrew Groenewold The Brian A. Harrington Fund Gerald Gardner Bryan Gross Beth Hartman Dr. & Mrs. Stuart Garry Anne M Gschwend Dennis L. Hartwig Sara Garton Evan Gull Jeanne Hasenstab John & Christine Gavan Roger Gutzwiller Robert Hays General Mills Foundation Josh Haacker Nancy Hazard Albert George Sara Haber Adair & Carol Heath Robert Gerhold Arthur & Joanne Haberberger Thomas Hein Douglas Gilliland, in honor of Alexandra Hackbarth, in honor douglas gilliland & in memory of of the Hackbarth Family Roberta A. Heisterkamp, in Hudson K. Gilliland memory of Ewan Fletcher Joe Hackney Mary & Mark Giorgetti Mr. & Mrs. Bruce & Kathryn Marion Hakanson Heling, in honor of my Jay & Jean Glassman grandchildren, Bennett Jester & Bob & Janet Hall Nora Heling, & their futures Jennifer Glazer Cralle & David R. Hall Louis R. Hellwig Theresa & Ben Gleason Alex & Leslie Hall Family George Helmholz Sam Goldbroch David Hall Henderson Corporation Deborah Goldsmith Jonathan Hallett Roberta Henes Kevin Goltz, in memory of David Hamilton Thomas P. Cloherty HERE Technologies David Hamilton David Gottfried, in memory of Michael Hertz Ira Gottfried Paul Hanke Troy Hill Leslie & Joni Grady John & Janet Hannah, in honor Nancy & Clinton Hinman Gary Graunke of Lea & Griffin Bower Benjamin Hitch Jeff & Noreen Greenblatt

84 Rocky Mountain Institute Annual Report 2019/2020 Hitchcock Bowart Daterra Thera Joyce & Bruce Hunn Arne Jorgensen & Teresa Family Foundation De Groh, in honor of Pete Helen Hunt Jorgensen Richard J. Hitchingham Sandra Hunter Kathy Conway & Alan Journet Alex Hlavacek Denali Hussin Tom Kabat Kimble Hobbs, in memory of Nancy Miller Hobbs Suzanne Hutchins Walt Kaesler

Kathryn Hoenig & Doug David Inouye Peter Kane Maynard Intel Corporation Alex Kania Robert & Laura Hoguet Dr. Dave Irvine-Halliday Mike Kappus John Holbrooke Adam Issenberg Rajan Kapur James Holland Nancy Jackson & Eberhard Andrzej Kardys Mark Holland Ramm Heather Karlson & Bill Leeson Steven Hollingsworth Roseanne & Jordan Jacobsen John Katzenberger & Deborah Keith Hollon Bradley Jacobsen M. Jones

Robert H. Holzer Burton & Eleanor Jaffe Ann & Paul Katzenstein

Jeremy Hopkins Erik Jansson, in memory of Shelley Kaup Kevin R. Ebbert John Hopple Stephen Kaye Dr. Thale Jarvis Robert Horn Joseph & Rosemary Kehoe Richard M. Jennings David Horne & Tina Proffitt Jennifer Keller David M. Johnson & Sara Alaica Ron Hornung Peter W. & Lindsay Keller Kenneth Johnson Dale Hoskins Sybil Kelly Kristine Johnson & Jay Culver Michele A. Houdek & Douglas Jonathan & Janet Kempff, in N. Koplow Johnson & Johnson Matching memory of Edwin Marshall Gifts Program Rebecca & Eric A. Houghton Brett Kerrigan Bill & Kay Jones Donald R. Houze Shabad S. & Ann Khalsa Florence & R. Michael Jones Glen Hovde Rebecca Kibler Carolee Jones William Howard The Stephen & Julie Kimball Skyler Jones Charitable Fund Carole Howard Julian Jordan Steve Kinkead Richard Hruby

Rocky Mountain Institute Annual Report 2019/2020 85 Alexander J. Kinneer Eric Latimer Allie Ludwig

Mark & Nancy Kinney John Lawrence Justin Lueker

Robert Kirk Leslie Lazareck, in memory of Brandon & Mackenzie Lurie Malca Lazareck Robert Kittams Margaret & Paul M. Lurie Dick & Dianne Lee William Klenn Mary Lydon Judith & William Lee Carolyn Klock & George John Maas McCook, in honor of E.J. Klock- Jonathan Lee McCook Wiliam Mackey Armand LeGardeur Marla Knight-Dutille Don R. Macmannis & Debra J. Peter Lemke, in memory of Manchester Mitchell Kobus Charles W Lemke Bill & Ladjamaya Mahoney Jessica Andrewartha & Charles William Lemman Korb Catherine & David Manchester, Shawn LeMons in memory of Esther & Francis Scott Kozel, in honor of Pat Bligh Looney Maxim Levet Arthur Mandler Jake Kraft Jason Lewis Zoe Marans, in honor of Lea & Felix Kramer Michael Liebman Griffin Bowery

Penelope Kreinberg Milan & Elizabeth Lillis Daniel Marcin

Stuart Kriendler, in honor of Ted Linnert Francisco Paco & Sharon Barrett Lightbourn & in memory Maribona Rebecca Linvill of Jessica Kriendler Shannon Maris Karen Little Robert & Suzanne Kriscunas Kevin Markey & Candice Miller Dana Lobell Max Kroschel Thierry Martin Bill Lobner, in memory of Gary Steve & Marie Krueckeberg Lobner Stephen & Marcia Martinson Jameson Kummer Hallie Logan Rob Masinter Craig Kvamme Thomas Long Katy & Scott Mason Terry Lane Christina Long, in honor of Casey Mather, in honor of Dan James Lang Lauren Sakin Mohr & Richard S. Levine

Carolyn Lange Kristopher Lovekamp Lou & Betsy Matlack

Jeff & Lisa Ann Laske Derek Low

86 Rocky Mountain Institute Annual Report 2019/2020 Jonathan & Mimi McBride, in Erin Moodie Daniel Nichols, in honor of honor of Morley McBride & Adam Nichols Bailey McCallum James J. Morehead Rebel Nichols Ann McCabe James R. & Cynthia Morris James Niemasik John P. & Jane W. McCarthy Fran Morton Charitable Fund Mark Nigogosyan Dan Morton Kim & Lance McCarty, in honor Richard Nolde, in honor of the Stuart Moss of Jennifer Stokes RMI staff Michael Mount Reid McCollum Nordstrom, Inc., Charles Mueller, in honor of Julie & David McCulloch John C. Norris Kendall Mueller Marilyn McNabb Dorothy Northey, in honor of Dan Mulholland & Pamela Miller Carolyn Garlich & Peter Miller Mary M. McPherson Johnny M. Mullen, in honor of John & Merilee Novinson McStain Neighborhoods Miriam Goebel NVIDIA Corporation Employee William & Marianne Mebane James & Esther Munger Giving Program

Medtronic Foundation Gary Munkhoff Marilyn A. O’Dell

Richard Meeker Amy Munsat & Harry S. Flamm Timothy O’Dell

David Meggyesy Thomas Murray, in memory of Patrick O’Meara, in honor of Marianne Trabold Barney O’Meara Paul R. Mendelsohn Richard Murray David Oberbillig Hellmut Merkle Mr. & Mrs. Eric Musser Ann OBrien, in honor of Susan Fred Mervine Second, Founder Boulder James Nagode Chapter of Citizens’ Climate Peter Michel Tom Nehil & Gail Walter Lobby J. D. Miller James Nelson Robert Odland & Charlotte Kelly Michelle Minc Louise & Erik Nelson Wayne Omonuwa Jonathan & Mindy Miner Stephen & Robin Newberg Judy & John Orcutt Cynthia & Joseph G. Moffat Kerry & Ricki Newman, in Calley Ordoyne Elayne Molberg, in honor of memory of John Denver Vivian Otteman Anna Ginna Newton Janna L. Ottman Lisa Mondy & James Schreiber NextEra Evan Oxenham B Ruth Montgomery

Rocky Mountain Institute Annual Report 2019/2020 87 Donald Padelford Polk Family Charitable Fund - Ron & Karen Riggert Richard Polk Everett A. & Rebecca H. Palmer Ken Riley & Donna Lambert Melissa L. Post Riley David Paradise Nani Pradeepan Gregg & Marilee Rippy Hossein B Parsapour, Ph.D. Howard & Sharon Pratt Matthew Ritter Pamela Parsons Charles & Rosalie Preble Kristil & Jeff Robarts Amy & Kent Patton Roger Price Thomas Robinson David S. Payne Julian Prosser Jr. & Candace Heyward Robinson Jack & Linda Pearson Bailey, in memory of J. B. Prosser, Sr. Barbara Askin & Kevin Roche Brian Pearson Leah & Darrell Quam Gwen Rodman Scott Peer James & Donna Ramsay Kelvin Rodolfo Nina Perlmutter & Thomas W. Brodersen, in honor of Guy Steven Ratcliff Mark Rogers Wohl Jonathan Ratner & Pamela Douglas Romig Sarah Perrin, in honor of Steve Erens Keffer Chip & Bridget Rorem Penny Rayfield Michael & Patricia Petelle Alexander Rosaen Gregg M. Raymond & Jamien Robert Ross Jane Peters Jacobs Peggy Rouleau, in honor of Christopher Peters Dave Reichert Jessica & Jamie Thatcher Jan Peterson Richard Reichler, in honor of Charles Roush Steve Thilker Erik Peterson-Nafziger Paul Rubel William D. & Gwenyth Reid Albert Phan Calista Ruh Philip B. Reinhart Mark Robert Phillips Landon & Charlotte Russell Kim Rentfro, in honor of Kim Mr. & Mrs. Harry Phillips, III Rentfo Taiyoko & Naoko Sadewic Sarah J. Pick Lawrence M. Rice Scott Sadlon Edward Pierson Robert S. & Myra L. Rich Laura Sanborn Charles & Carolyn Pilgrim Lisen & Todd Richmond Mark Sandeen Richard Pinkham David & Thekla Richter Catherine Sandell Robert K Pinschmidt, PhD Michael Rifkind

88 Rocky Mountain Institute Annual Report 2019/2020 Richard Saunders & Carol A. Charles & Laura Shifflett Sandra & Stephen Stay Myers Joanne L. Siegel & Walter F. Gilein Steensma Karin & Peter Savio Thiem Susan Stephenson Julien Savoye Larry Silberg Martin & Kathy Stern John M. Sawyer Silicon Valley Bank Gordon Steuck Kerwin L. Schaefer David Silverman Christopher Stevenson Walter L & Jeanne Ritt Schaffer Eric Siwy Carol A. Stone Tim Schalk SL Green Management LLC Laurie Stone Robin & Jennifer Schiller David Slater James A.F. Stoner, in honor of Mr. David A. Schmenk Joy Sleizer Amory Lovins

Joyce & David Schmoeger Len Slusser Janet & David Stout

William T. Schneider Edward & Adriana Smeloff Larry Strain

Daniel J. & Lisa A. Schreffler David T. Smernoff, in memory of Kent Strumpell Julie Lovins & Greg Fowler Suzanna & David Schulze John & Lois Sturgeon Christopher Smoczynski Terry Schumacher, in memory James Harris & Cori Sutherland of To-Chau Tran Margaret Snider Warren J. & Anne M. Swanson Mr. Robert H. Schurtz John Sofro Dave Swartz & Sue Milcan Paul Schwarz Bruce Sohn Richard L. Sweeney Arthur Seidner Marc & Deb Solomon William Swift Gary Seim Alan Soule Bradford Swing, in honor of Pam Michael Seno Frank & Robin Southecorvo Swing

Norma & S. Scott Shannon Diana Speer Mark Swingle

Megan Shean Amy Springer & Aaron Hayden Judith A. Tandy

Jonathan Sheff, in honor of Inti St Clair, in honor of Bruce Kathleen Taylor Raina Shefa Honeyman Harold Teasdale Burnette & John , in John Stanley honor of our 50th wedding Erik Teegerstrom anniversary Hoff Stauffer Michael Teetsel Michael & Susan Shepard Stavrides Fund

Rocky Mountain Institute Annual Report 2019/2020 89 Richard & Judy Thomas Carolyn & John Vann Patricia Wathen, in honor of Jason Zimbler Linda & Stephen Thomas Heather & Gary Vaughn Dr. Galen & Carolyn Weaver Josie Thompson, in honor of Verdera Partners, in memory of Tyler Thompson & in memory of Bayford Butler Wolf Weber Helen Virginia Thompson Cynthia Verges Steven D. Webster Keith Thomson, in honor of Suzanne Rhoades, SC & in Jan Vermeiren Kathy & Wever Weed memory of Marjorie Lockwood Martin Voelker David Weeks Bruce Thornblad Everett & Alice Volk Laurence Weinberg Eric Thorsen Paul Von Driska Marc Weininger James Timbie Carl vonSaltza Jeanne Weinzierl John Titcomb Eric, Jill & Zoe Vozick Weller Investment Company, Jill Ron Tjerandsen Nelson & Tom Bidell Paul W. Wack, in memory of Jake Tornatzky John Denver Greeley Wells

Francisco Torres Melissa Wackerle Tammera Wells

Lisa Towery Jerome Wagner Monica Welsh Loveman, in honor of Jeremy Welsh- William & Susan Tracy Terry Wahl Loveman

Calvin Tran Margaret F. Walker Ann & Tim Wheeler

Joshua Tripp Marilyn & Harry A Wall John Wheeler

Martina Turner Stephen Waller Timothy White

Turner Broadcast Corp. Match Meghan Walsh Frank & Cathy White Program Richard C. Walters Robert Whitfield Gary J. Tuthill Mr. & Mrs. James V. Walzel Lara & Marc Whitley Mary Ullrich Donna Miller & R Thomas Ward Robert Whitmore Ken Urbanek Tom & Joyce Warfield Beth Whitney-Teeple, Ph.D. & Randolph & Eliza Urmston Dr. Bob Whitney Ms. Judith S. Warner USAA Real Estate Co John Wiercioch Louise O. Warner Jeff Van Ee Susan Wiesner Patricia & Robert Waterston Cathy Van Maren Mark Wigg

90 Rocky Mountain Institute Annual Report 2019/2020 Judson V. Wilder, Jr. Anonymous, in honor of Grace Crystal & John Babos Ogawa’s birthday Kathleen Wiley Diane Bailey Anonymous, in honor of Mother Chely & Jeff Wilkinson earth & humanity Ball Corporation

Brent Willard Anonymous, in honor of Patricia Kurt Ballash Mazurek & Bernard Olender John & Lora Williams Scott & Laura Robin Bandoroff Anonymous, in memory of Rafel Katherine Williams Robert Barber, in memory of Lucea John Hay, naturalist & author Alex & Jerelyn Wilson Anonymous (33) W. Thompson Barberi Christian Winkler Joanna Barnes, in honor of Lally Lynn & Joan Winter $50-99 Freeman Matthew Wittmann John Accardi, Jr. & Nancy Alexander Barron, in honor of Clarke Richard Barron Bryan Wollschlaeger Paul & Jennifer Adams Courtney Bartels Susannah C.L. & Willard L. Wood Linda Agerbak Robert Bashor

James Woodyard Øistein Akselberg Amy Battles, in honor of David Payne Ms. Carol Woolfe, in honor of V. Alexiades Ken Woolfe Jonah Bea-Taylor Ronald Amberger Ann Wright Kay Beeley, in memory of Mark Anderson Edward Beeley Ruth Wright Edson Andrews Michael Behr Bernd Wunderer Christina Angell Carole & John Behrer Laurie J. Yahr & Rich Kahl Gina Angiola Lisa Beliveau Ginny & Pete Yang Kathleen Theriault & Rene Kelsey Benedick, in honor of Jon Yates Archambault Joyce Whelchel Alvis Yuen Danelle Ardell Charles & Nancy Benedict Stanford Yukon Paul Arnold Kurt G. Benedict MJ Zahniser Wayne L. Attwood Wes Bennett Debra & Peter J. Zauner Lori Austin Rachel Bernstein, in honor of Ari Bahat Hava Zuidema Karen Babbs Hollett, in honor of Charles F. Babbs Anonymous, in honor of Elena & Carla & Steve Berry Keigi Fujiwara Rocky Mountain Institute Annual Report 2019/2020 91 Harold Bish, Jr. Rebecca Carr James Conner & Denise Attwood Robert A. Black Seth Carr Peter B. Cook Charles Blair Christian Carrico Kathleen Corcoran Susan Blanc & David Baker Timothy Carrigan John Cornely Caitlin Blanchard Househod Sam Cassady, Jr. Nick Corsetti Charles A. & Shirley A. Blood Central Connecticut River Valley Institute, Inc Clarice Coyne Mark Bollenbacher Jonathan Chaffee Scott Crass Booz Allen Hamilton Scott Chaplin The Honorable & Mrs. Peter J. David Boush Crumbine Annie Chappell, in honor of Rick Stanley & Carolyn Boyd Lind & Kate Aldrich Sharon L. Cushing, in memory of Steve Berry Alan & Susann Bradley George F Chelwick, AIA, LEED James R. Custer Margaret Brannigan Darius Cheong R. Gordon Dailey, Jr. Michael Brickey Pamela Chipman Kooch & Victor Daniels Maria Bridge, in honor of Mike & John W. & Patricia Christensen Paige Henchen John N. Davies Robert Clarke William Buhl Cecile & Lawrence Davino Paul Clayton Chris & Cynthia Burger Leslie Davis Audrey Clement Mark & Nancy C. Burnet, in Joe Day memory of Ian Burnet Jerry Cleveland Karen Day, in honor of Sterling William & Helga Butler George Clyde-Smith, in honor Greenwood of humans & in memory of the Danielle Byrnett planet we live on Roger Dearnaley

James Carli, in honor of E. John B. Cobb, Jr. Gary Denny O. Wilson, the Appalachian State Planning & Sustainability Dr. Charles G. Cochrane Tom DeRosa Departments, & @ GrowBearGrow on Instagram Janet Collett Nancy Bonomo & Peter Dillener

Sonoma Carlos Robert & Diane Collier Tony Dobrowolski

Phyllis Carosone-Link & Bill Collins George Donart Christopher Link, in memory of Peter J. Condakes David C. Dorman Jack Twombly

92 Rocky Mountain Institute Annual Report 2019/2020 Debra Douglas, in memory of James R. Fox, Ph.D. Royal Graves Carol Magnuson Ken Frankel Doug & Peggy Graybeal Jon Eakes Frank Fransioli & Eileen Wade C. Greene Jr. Peter Eberle McGinnity Melanie Guest Deborah Edelman Susan Freed Nancy Goodman & Jim Gutstadt Gordon Edwards David Freemire William Haley Carol & Chris Eisenbeis Merrill K. Furlow Vera & John M. Hamm Bill Erickson Brad Garcia Mary Harding Bruce A. Erickson & Margaret Gartner Inc. Watson Kate Hartnett & Racheal Stuart Milton Geiger Larry & Laurel Erickson Nelson Harvey Genentech Ron & Nancy Erickson Richard Heede Michael Genova, in honor of Charles Evans & Nancy Lee- Elliana, Michael, & John Jeremy G. Heiman Evans Rebekah & Thomas D. Gilpin Hewlett-Packard, Inc. Calvin Farwell T.J. Glauthier & Brigid O’Farrell Lisa Hickey Charles S. & Charlotte Faulkner Jeffrey Goby Don Hille Karen Fedorov Samantha & Anthony Goddess David Hobson & Shari Wiseman Justin Fishkin Larry Goldberg Diane Hobson Rich & Debby Flahaven Howard & Barbara Goldsmith Ann V. Hodges Frank P. & Foula M. Flanagan Lilly Goodman-Allwright & Joan Hoffman Debra & Charles Fleisher Michael Allwright James Holloran Christine Fleming Tom Gorman Kevin L. Holmes Thomas Flynn Eugene Gorrin David Holzman Brian Fonville Dan Gould John T. & Deanna M. Homer Julie Ford Raymond & Sehriban Graap Bruce B. Honeyman John & Maureen Forney James & Bonnie Graham, in John M. Horan honor of Nina & Ben Olshansky Richard Fosbury Mr. John Hoskyns-Abrahall Arianna & Berkeley Graham- Gloria & Steven Foster Gurland, in honor of Arianna & Berkeley Graham-Gurland

Rocky Mountain Institute Annual Report 2019/2020 93 Nevin House L Julian Keniry, in honor of Kristina Lane Amory, Miranda, Craig, Jules & Verne W. House their amazing team leads, plus Richard Langdon the Orangutans John Howard Idalia Larsen Danny Kermode John Howard Samantha Laskowski Gilbert S Kernan Robin & Michael Hoy Earl & Marilyn Latterman Devin Kerr John Hudson, in memory of the Norbert Lechner Trump Presidency Daniel & Mary Kiefer David LePoire Julie Hudson John Kieffer Geoffrey H. Lester Stephanie & Harry Hunt Shaina Kilcoyne Kat Li Michael P. Hydro Eileen Klees Roger Lippman Alex Iden, DVM Nancy & Pete Kmet Barbara Loftus Paige Inman, in memory of Deanna Knickerbocker Spencer & Tyler Inman Carole London Ken Knobloch Dan Innamorato Chris Lotspeich & Amy Dunn, in Onno Koelman honor of Amory Lovins Dick Jackson & Paulina Vander Noordaa Rocky Koga Ingrid A. Louiselle

Joan & Wes Jackson Leon Kolankiewicz Tim Luckow

Kenneth & Judith Jacobson David & Elizabeth Koos Marilyn Marloff & John Luker

Donna & Jeffrey Jaffee William M. & Susan Krawetz Ann Mack

Imelda Johnson Agatha J Kruse, in honor of Allie Tasneem Malik Kruse Fred W. Johnson Ginger & John Mallard Sandra Kurtz Kim Jones Russell Malley & Tynka L. Dees Steven Kyle Mark Joyce Robert & Jan Marker Max Lainfiesta Arthur Y. Kaplan Glenn Marshall Sara Lake Ian Keith Michael May & Kathryn Kramer Fesseha Lakew Samuel Kendall Richard S. McAnany, II Carol & Thomas Lamm Frances Kendall Samantha & Danny McBride, in Roger Lamson memory of John Denver

94 Rocky Mountain Institute Annual Report 2019/2020 Robert A. McCarthy & Laura G. Richard Paul Moore, in memory Stewart Parsons Rush of Greg Moore Dr. Lewis Patrie Jefferson McCollum, in memory Robin Moran of Earl Linquist Julie & Tom Paxton Dr. Barbara Morchower Catherine McCormick, in Neil Payne memory of Bob & Tee Child Mac Muehlman Jack R. Pealer Jr. David McKinney, in honor of Joanna Mullins Margaret & David H. Penoyer, Jr. Patrick McKinney Dr. Fredrick Muschenheim Jacqueline Perry Chilton & Jane McLaughlin Jay & Toni Nading Susan Peterson Don McMurry Marlee NajamyWinnick Victor P. Petrolati Robert S. Means Herminia & Thomas R. Neet, Jr. Jane W. Pfister John E. Menger, in memory Gregory Nelson of Jenny, Christina, Gordon, & Lisa Phillips James Alan Ness & Margaret Bergmann-Ness Kathryn Phillips Noah Meyer Thomas B. Newell Elizabeth Piering Harvey Michaels Virginia & Rick Newton Kathy Pillsbury & Cindy A. Philip & Connie Micklin Marshall Lena Nguyen Nick Millar Art Piltch Gaye O’Callahan Jason Miller Lloyd Prentice Sean O’Leary Gina Miller, in honor of Thomas Claire Prontnicki Crum & in memory of John Adriane Oliver Denver Carolyn & Robert Purvis Nina & Ben Olshansky, in honor Kirk M. Mills of Nina & Ben Olshansky Patrick Quinn

Murray A. Milne Court Olson Nick Radonic

Carlo Minini Mr & Mrs David Osborne, in Kevin & Michelle Ralph memory of William Osborne Bonnie Miskolczy Randy Rankin Peter & Janet Ostrowski Nick Misra John Ransley Alice & Mark Palmer Kerry C. Mitchell Elizabeth Rauch, in honor of Louise & William Pape Steve Rauch Pam Molsick Randall J & Nancy E Pappas Kenneth Regelson Jim & Betty Moore

Rocky Mountain Institute Annual Report 2019/2020 95 Dr. Leon Reid, III Guenther Seidel, in honor of John & Sue Sorensen Prof. Jeffrey Sachs & Amory Mary Ruth Reis Lovins Roger Sparhawk & Susan Duppstadt James Reynolds Kath Sercu & Denis E. Body Willard & Nancy Spence, in Thomas Reynolds Allyn & Karen Seymour honor of Ethan Spence

Christopher Richard Vikram Shah Mary & James Spindler

Chris Richardson Richard G. & Lesley E. Shearer The Spurry Family

Brandon Ridenour Gerald Shechter Michael St. John

Dr. Lou A. Roberts, Ph.D. Peter Sheehan Sarah Stafford, in honor of John Stafford McLouis Robinet William Shepherd, in honor of my childrens’ future & in Rebecca Stebbins Robert & Linda Rodriguez memory of Dianne Feinstein’s Pamela Steele, in memory of Paula & Jim Rogers political career Diana Rigg Joe Ross Richard E. & Faith E. Shore Alvin C. Steele Tucker Ruberti Scott Shuford & Mary Katherine Mouton Steve Stevens Laurie Rufe, in memory of Robert Stevenson William Sultzer Steve & Loretta Shull K Steward, in honor of my Brent & Cynthia Rusert Robert Siegel grandchildren Robert Russ JoAnn Simms, in memory of John Denver Don J. Stewart & Laninda Sande Monica L. Russell & Wendy Andrew Stocking Anderson Carol Ann & John Simon Dr. J Michael Straight Laurie Rydell, in honor of Vicki Rob Sisk Willis Lee & Mihoko Skabelund Sarah Marie Strese Susan & Jim Sajo Ralph Skinner Byron & Nancy Stutzman Cecily & Kurt Sanford Nancy Milliken & Sergei Ann & Roger Sweet Smirnoff, Jr. Teresa M. Schader Keith Taylor Robert G. Smith Gary L. Schaefer Molly & William Tee C. Michael Sobol Linda Schloss Ellen Teufel Dr. Peter Somssich & Kathleen James Schwarber Blake Thorson Pohlman-Somssich Dick N. & Lupe Sears James H. Tolson & Robert G. Asperin

96 Rocky Mountain Institute Annual Report 2019/2020 Mr. Jan E. Tone Charles White, in memory of Drs. Philip & Hilda White Under $50 Andrew Tourville, Jr Jeff Abrams Jerry & Jean White Ashley Traut Jan A. & Rev. Connie J. Adair Mark H. Wigg Kenneth & Robin Tschumper Philip Alcocer Alicia Wilson, in honor of Mark Mark Tyson K. Wilson III Rebecca & Rob Alderfer, in honor of Sydney Wu at ZOMA Valerie VanScoyoc, in honor of Dorothy D. Wilson LAB my cousin Craig Otis Sarah Windes James Allison Susan Vargas John C. Wise & Evelyn C. Nicholas P. Antonacci Kelly Vaughn Wachtel Bruce D. & Debra D. Arey Demetra & James Versocki Jack Wolf Nathaniel Austin Tom Waddell Roy & Tracy Wood Automatic Data Processing, Inc. Mr. & Mrs. Charles Wakeman Lynne Yeannakis - ADP Sharon Walker Scott A Yocom Mia Axon Ginger Wallis Frederick Zeise Richard Ayres Cynthia Walter & John Atherton Holly A. Zimmerman & Peter Michael Babitch DeCrescenzo Janelle S. & Gary J. Walter Mary-Lane Baker Stuart Zinner Patricia Walter Marcelo Fornerino Barboza Þula K. H. Þórðardóttir Meg Walters, in honor of Joan & Tona Barkley, in honor of Lucas Mike Durner Anonymous, in honor of my Barkley children David Wasserman Paul Barnes Anonymous (26) Philip Weathers Linda Baynham & Rob Moreau James S. Weinberg & Mary Beth Marjorie Bean, in memory of Cysewski Greg Franta Daniel Paul Weitekamp, in Judith G. Beaullieu honor of Daniel Weitekamp Michael T. Berger Rod Welford Sheila Bernard Thearin Wendel Julia Bernstein Sue West

Eileen M. Whipple

Rocky Mountain Institute Annual Report 2019/2020 97 George & Nancy Bissell Kathy Cervino George Dudley

Maureen Blades Kathryn Chamberlain & George Trudy Dujardin A. Browning, III Dale Blome Sharon Eakes & Harold Christopher Flint Chatto Williamson Gene Bloom, in honor of grandchildren Patricia Cherney, Trustee EBSCO Industries, Inc.

Sarah A. Bond City of Seattle - Anonymous William Eddy Donor Felipe & Dianne Borrego Matt Elley Anne Clay Adam Boutin, in honor of Mike Amy Ellsworth Henchen Creed Clayton Mary Ellsworth Susan Brandes Carolyn Cole Peggy Ann & David Erskine Carl Brandon Alan N. Connor John Fago Kurt Breker, in honor of Meghan Paul Corr McAvoy Steven Fenster John Cummings Sarah Brezniak James & Marion Ferrara Carol G. Dano Kathie K. Brown Phi Filerman Merrily Davies Jim & Theresa Browne Stephen Finn Richard Davis Pete Brush Frank Fish & Gail Headstrom Edward DeFrancia & Sharon Ashley & Jonathan Bull Brussell Anna Fisher

James Bull, in honor of Amory Christophe Dethier, in honor of Edgar Fisher Lovins Lilliane Dethier Elliott Fishlyn Gail Bundy Glenn Dewar Robert Fitzgerald Steve Burger Barbara Dibeler James Fitzpatrick & Ruth Abigail Burke Amber DiLoreto Braham

Laura Burkhardt Rodney Dixon max flores

Jonathan Callender Katharine Dodge Max Flores

Ann Calvin Gorman Donegan George Frantz

Beverly A. Campbell Sabra Driscoll Rayner Fried Family

Central Connectucut River Bob Ducate Ken A. Fuller, Jr. Valley Institute, Inc.

98 Rocky Mountain Institute Annual Report 2019/2020 Roger Gagne Daniel Henderson Beth Jones

Charles Galgowski Lars Henrikson Anneke Jong

Ken Gamauf Ken Henry Denny Justis

Lydia Garvey Lila Henry Debora & Keith Kaback

Richard Gasaway Amy Henschke Don Kelley

Gregory R. Gerhart Bill Hermann William Kidd

Carla Gerrard Dana Hickenbottom Kenneth Klacik

Michael A. & Barbara L. Getz Paul Hill Leon Kolankiewicz

Mark Giese Arlene Hoffman Robert Kono

Emily Goldberg Joan & Robert R. Holt, Ph.D. Steven L. & Maura K. Kroh

John Gorman Jimmy Hosch Radhika Lalit

Jack Greene Katherine L. Matthew Lampe

Avalon Guarino, in honor of HP Employee Giving Matching Patrick Lang Samuel Guarino Program Tony Langbehn Archana Gupta Harold Huckins Kent Laverty Gina Hadam Casper G. Huizenga Suzanne & Kevin Law William & Patricia Hager Judy Hulse John Leigh Frances Hamilton Jeanie Humble Rich & Dorothy Lenard Kalen & Kari Hammann John K. Jeglum Deanne R. Lindstrom Andrew Harrington, in honor of Stephen Jelinek & Betsy Wisch Peggy Henderson Daniel Liska Mimi Jennings Leslie Hassberg Louise Lockwood-Zorowski Jaret Johnson Clifford Hathaway Patricia Logan & Karl Citek Perry Johnson Penny Hause Emilio Luque Stephanie Johnson, in memory John Edward Hawk of Shawn Kidwell Phil Lyon

George Hawkins Paul Johnson Mallory MacTaggart

Edward H. Helm & Dora H. Chu Christine Jolluck, in memory of Lewis H. Durland IV

Rocky Mountain Institute Annual Report 2019/2020 99 Anthony Malivanek, in honor Lauren Morse, in honor of Nate Portland General Electric of Charles & Mary Malivanek & Company in memory of Charles & Mary Aidan Mosher, in honor of Malivanek Melanie Guest Mary E. & Richard W. Powell

Lorraine Marie Christine Myres Randal Pride

Timothy Markham, in honor of Jean Naples Norie Pride-Womack Michael Vernon Clark L. Natwick Nancy & Bob Pulley Ron & Cay Marquart Robert & Patricia Nemchik J Remington Ann Marshall Jacqueline A. Neurauter Chad V. & Michelle L. Rhen William Martens Michael Newton Paul Ritter Eric Martin Mary Norkol, in honor of Emma Emily Roberson John Martin Rust Chris Roil Janet Martin Gavin Novotny, in memory of Ramona Thomas Romero John M. Matuszak Robert Nuess Stanley Rorick Susan & Gregory McCormick Mike Oline Melanie & Myron Roschko John McCreery One4All Charitable Fund Sharon Rose Dan McCullough Sandra Ong Gregory Rosenberg Andrew S. McDonald Kathy C. Oppenhuizen Gray Russell Samuel C. McIntosh, Jr. Santiago Parra Posada Lindsay Russell, in honor of William McNeil Mike Henchen Tim & Lynn Parshall, in honor of Anthony Meleo Andrew Allee Rosemarie Russo

Roger Messenger Gary Patton Gloria Sage

Jono Miller Christopher Pease Karyn Sandelman

Norman & Cheryl Minekime Jesse Petersen James Sander

Stephen & Wanpen Modell Bruce Plenk, in memory of Agi & Valerie A. Sarkis Henry Plenk Seamus Moore, in memory of Janet Sawin Kevin Moore Judy Berlfein & Dadla Ponizil Tamir Scheinok Diantha Morse Donald E. Porter

100 Rocky Mountain Institute Annual Report 2019/2020 Bette Scher, in honor of Greta T Henry & Jeanne Stone Timothy D. Watson

Mr. David A. Schulz Eileen & George T. Stone, in Kay Watson, in honor of Jay memory of Cesare Emiliani John Dennis Scott Justin Way Leslie Suen Brady Seals Norm & Lynette Weaver Alicia Sutton Lawrence Seidl Devrin Weiss Jon & Cathy Swanson Anne Marie Selaya & Dietrich David Wendt Koch Thomas Sweeny Judith & Philip W. Westin Julio Sevilla David Takahashi Mary G. Wetzel & Theodore Barbara Seymour Jayant Tatake Holdahl

Michael Shader & Eleanor Melinda N. Thomas Richard E. White Morrissey Jodi Trendler David W. & Sarah J. Aubry Benjamin Shepherd Widell Paula Trimble, in memory of Jeffery S Shoaf Bob Trimble Francy & Randy Williams, in memory of Greg Franta Julian Silk Brody Tucker Rick Williams Jeff Simpson Graham Turk Richard D. Wilson & Gina SingletrackBookkeeping.com United Way of the Columbia- Gaurisas-Wilson Willamette Daniel Slanger John & Karen Wilson USAA Federal Savings Bank Nathan Smith Blane Wilson Dan Vazquez David A. H. Smith Max A. Wineinger Jonathan Vignaly Michele Smith Ryan Winrick, in honor of Mario Villan Cassidy Lapp john smith Phil von Hake Mark Witte Nicholas Sofios, Ph.D. Mark Waddell & Scott Craig & Anita Woods Pusa Soh Wendy Wang Jeri Wylie Venkatesh Srinivas Nicole Waniek Nikki Wyrd William Stack Jim Ward Yueqing Yang Patrick & Leslie Stansberry Kate S. Warner Mina Zarich, in honor of Dillon Michael Stewart Liz Washburn

Rocky Mountain Institute Annual Report 2019/2020 101 Jeff Zerr, in memory of Alda P. Nationally Determined Zerr In-Kind Contributions (NDC) Partnership Contributions Zimmer Gunsul Frasca New York Power Authority Architects Kapil Sapra & Associates New York State Energy Anonymous, in honor of Research and Development Kilpatrick Townsend Jonathan Shapiro Authority Microsoft Organisation of Eastern Anonymous, in memory of Caribbean States Alana Moye White LLP United Nations Development Anonymous, in memory of Programme James Atlaz Additional Funding United Nations Office of the Anonymous, in memory of High Representative for the Sarah Whitney Hall Provided by Least Developed Countries, California Energy Commission Landlocked Developing Anonymous (10) Countries and Small Island Caribbean Development Bank Developing States Colorado Energy Office U.S. Agency for International Department for International Development Development of the United U.S. Department of Energy Kingdom U.S. Trade and Development Deutsche Gesellschaft für Agency Internationale Zusammenarbeit GmbH The World Bank Global Environment Facility

Government of The Bahamas Government of Canada Government of Guyana Hawaii Public Utilities Commission Inter-American Development Bank Meishan Project Management Committee Michigan Energy Office National Renewable Energy Laboratory

102 Rocky Mountain Institute Annual Report 2019/2020 Image iStock/JianFan RMI Legacy Society Stanton Klose The RMI Legacy Society Michael and Colleen Kunkel honors those individuals who Craig and Barbie Laughlin remember RMI in their bequest or other planned gift in their will Erika Leaf or estate plan. Julie B. Lovins and Gregory Fowler* Barbara Askin and James Kevin Roche Meredith McIntosh Diana Beuttas Marge Wurgel and Keith Mesecher Esther and Francis Bligh* Peg Moran* Kathie K. Brown David Muckenhirn Joanne and Michael Caffrey James M. and Louise Wilson David I. Caulkins Noyes Jonathan Peretz Chance Ann Pruitt John and Lou Chapman Deborah Reich* Richard and Avery Chase Eric Ringsby Anne Cooke Kerwin L. Schaefer Carol G. Dano Mark and Judith Schaffer Martin P. Dugan David and Joyce Schmoeger Richard Ford Joan Semmer Cheryl A. Glaser James Dennis Seyfert* Peter Greenberg Joel Shapiro Margaret Gruger* Jane Sharp-MacRae* Robert T. Haines and Kathryn C. Sally Dudley* and Charles Haines* Sieloff Laura Hart* Rheua S. Stakely* John and Marcia Harter Etel and Joseph B. Thomas, IV* Bruce Hathaway and Karen Raymond D. Watts* Sagstetter T. Walley Williams Margaret and Charles Hollowell Anonymous (20) Joanne E. Horton Dale Hoskins * in memoriam Ruth F. Kapes* Rocky Mountain Institute Annual Report 2019/2020 103103 Our Locations About Rocky Mountain Institute Rocky Mountain Institute (RMI)—an independent nonprofit founded in 1982—transforms global energy use to create a clean, prosperous, and secure low-carbon future. It engages businesses, RMI staff continue to communities, institutions, and entrepreneurs to accelerate the accelerate the energy adoption of market-based solutions that cost-effectively shift transition remotely through from fossil fuels to efficiency and renewables. RMI has offices in the global pandemic. Basalt and Boulder, Colorado; ; Oakland, California; Washington, D.C.; and Beijing. www.rmi.org

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104 Rocky Mountain Institute Annual Report 2019/2020 Image courtesy of Unsplash/Chris Montgomery Image courtesy of Unsplash/Chris Montgomery RockyRocky Mountain Mountain Institute Institute Annual Annual Report Report 2019/2020 2019/2020 105105 rocky mountain institute annual report 2019–2020 Postage mailing

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