Gravity Renewables Inc. has released its first ever River Watcher Report, designed to be a nontraditional annual report that measures Gravity’s commitment to the riverine environments where it works, which includes a drainage basin of nearly 10,000 square miles.
Gravity Renewables is an investor-backed owner, operator, and developer of small hydroelectric power plants in the U.S. The company owns 17 hydropower facilities on 12 rivers in seven states. It has more than 50 MW of hydroelectric projects operating and under development.
The report outlines Gravity’s goals and 2018 outcomes within the areas of shared knowledge and stewardship, river management and public safety. It also details the economic reach its facilities have on the surrounding region. The two-page report is expected to grow as Gravity continues to identify and track key indicators for future reports.
Chief Executive Officer Ted Rose notes in the River Watcher Report’s introduction that, “The Gravity Renewables team spends a lot of time thinking about rivers. We think about how they flow, when they flow, where they flow, what flows in them and how to balance flows to enhance river use. Our operators spend thousands of hours observing and responding to river flows. Companies have always been financially responsible to shareholders. In recent years, there has been a recognition that successful companies also have social responsibility. As a hydropower company, we have an added responsibility to rivers and their users,” said Rose. “The purpose of this report is to measure and report on that responsibility.”