INTU Intuit Inc.

Intuit Announces its Coalfield Solar Fund First Year Winners, Building a More Sustainable Future for Virginia and West Virginia

(Nasdaq: INTU), the global financial technology platform behind Intuit , , , and , today announced the inaugural winners of the initiative. In partnership with and the , the initiative is designed to advance renewable energy and create new career pathways for Coalfield communities in Virginia and West Virginia. The first cohort of grant winners are Calhoun County Schools, Lee County Schools, Mercer County Schools, and Mountain Empire Community College. The program has granted $375,000 across Virginia and West Virginia to incentivize solar energy projects across their school districts. The project offers new career pathways and education opportunities while reducing carbon emissions, aligning with Intuit's goal of reducing 2 million metric tons of carbon emissions by 2030 outside Intuit’s operational footprint.

The Coalfield Solar Fund to support underserved school districts and community colleges in Virginia and West Virginia and surrounding regions facing economic challenges. The winning districts will receive incentive grants to finance sustainability projects, infrastructure updates, and other initiatives to benefit students, in addition to solar installations, at no upfront cost via a Power Purchase Agreement (PPA) with Secure Solar Futures. Additionally, the program is committed to advancing local career pathways in renewable energy by funding paid work-based learning programs and continuing to deploy The NEED Project’s for high school students.

“As we wrap up a successful inaugural year of the Coalfield Solar Fund, I am thrilled to announce that applications for the second year are now open,” stated Charlie Reed, Global Sustainability Lead at Intuit. “We are excited to continue supporting eligible educational institutions in designated Coalfield counties in Virginia and West Virginia. Intuit’s mission is to power prosperity for customers and communities. By helping teach skills needed in today’s jobs and creating renewable energy sources for future generations, we hope to have a positive impact throughout the region.”

The Coalfield Solar Fund is leading these school districts one step closer to a more sustainable future by providing renewable energy alternatives that reduce emissions and simultaneously create paid student learning opportunities for residents in Coalfield communities. With another round of , the Coalfield Solar Fund will continue to create new career pathways for students and expand its impact in the Coalfield region for years. Public school districts and community colleges in select Virginia and West Virginia counties are eligible to apply. To learn more about the program and to see if your school qualifies, please visit

“It has been wonderful to see the impact and opportunities created by our initiative and one-of-a-kind Coalfield Solar Fund,” stated Anthony Smith, President at Secure Solar Futures. “By investing in solar projects, organizations like Intuit and Secure Solar Futures not only create job opportunities for the community but also provide a pathway for workforce development for the next generation. Through our partnerships with community colleges, students can earn college credits and gain real-world experience in electrical engineering, solar installation, and related fields, creating a more sustainable future for both the community and environment.”

For more information about Intuit’s sustainability commitments, visit .

About Intuit

Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. With more than 100 million customers worldwide using , , , and , we believe everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us at and find us on for the latest information about Intuit and our products and services.

EN
10/10/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Intuit Inc.

 PRESS RELEASE

Intuit Appoints Vasant Prabhu, Former CFO and Vice Chairman of Visa, t...

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- (Nasdaq: INTU), the global financial technology platform that makes , , , and , announced that it appointed Vasant Prabhu, former Chief Financial Officer and Vice Chairman of Visa, to its board of directors. “We are excited to welcome Vasant to our board. He has deep expertise in financial services innovation and building a global technology and payments platform,” said Sasan Goodarzi, CEO of Intuit. “His leadership experience as CFO of large public companies, expanding financial technology and services, and scaling businesses internationally, will h...

Intuit Inc.: Update to credit analysis following rating affirmation

Our credit view of this issuer reflects its leading market positions and strong brands, offset by its seasonal cash flow derived from consumer tax software products.

Moody's affirms Intuit's A3 senior unsecured ratings and maintains the...

Moody's Ratings ("Moody's") affirmed Intuit Inc.'s ("Intuit", "the company") A3 senior unsecured notes and senior unsecured bank credit facility ratings and maintained the stable outlook. Intuit is a California-based provider of accounting, tax, payroll and other software and technology services to ...

 PRESS RELEASE

Intuit Launches Intuit for Education and Announces Goal to Help 50M St...

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- A published today found that 85% of US high school students are interested in learning about financial topics in school. To close the gap in financial literacy, (Nasdaq: INTU), the global financial technology program that makes , , , and , today launched , a new financial literacy program that provides high school teachers and students with free personal and entrepreneurial finance courses. The company also launched the to challenge schools to spend one hour on financial education during Financial Literacy Month in April. “Without personal finance ...

 PRESS RELEASE

Intuit Partners with The Farmlink Project to Address Climate Change By...

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- (Nasdaq: INTU), the global financial technology platform that makes , , , and , has joined forces with , a nonprofit organization dedicated to redirecting unsold fresh produce to underserved communities. Their joint initiative resulted in over 8 million meals delivered to communities in Los Angeles and prevented over 9 million pounds of food from going to waste since 2023. In addition, more than 13,000 metric tons of carbon dioxide equivalent emissions have been avoided since 2023 with this collaboration, which is equivalent to taking almost 3,000 gaso...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch