Energy Management Articles
Honeywell develops biofuel-powered generator for hybrid-electric aircrafts
Honeywell announced March 8 the development of a 1 MW generator that will be able to act as a power source for hybrid-electric aircrafts and run on aviation biofuel.
Chevron and Microsoft team up to create carbon negative power
Chevron Corporation announced March 4 a new collaboration with Microsoft that will focus on developing carbon negative power using carbon capture and sequestration technology.
Salesforce vows to advocate for better climate policies
Salesforce announced March 8 that it has incorporated climate action into its public policy platform of the company's top priorities and is committed to advocating for policies that call for net-zero emissions by 2050.
Canadian Pacific to source fuel cells for hydrogen-powered locomotive
Canadian Pacific (CP) announced March 9 that it will be receiving 1.2 MW of electricity for its locomotive by employing fuel cell modules from Ballard Power Systems for its Hydrogen Locomotive Program.
Wells Fargo targets net zero financed emissions by 2050
Wells Fargo announced March 8 that it plans to achieve net zero greenhouse gas emissions across business operations and in its financed emissions by 2050.
Mitsubishi Heavy Industries tests carbon capture at Norwegian facility
Mitsubishi Heavy Industries Engineering (MHIENG) announced March 5 that it entered into an agreement that will allow it to begin testing its carbon capture technology at a plant in Mongstad, Norway.
Aflac issues $400 million sustainability bond
Aflac Incorporated announced March 8 that it has issued its first sustainability bond at $400 million to finance existing or future investments in environmental or social projects.
Santa Fe to see $88.6K in savings from energy efficiency overhaul
The City of Santa Fe, N.M., announced March 9 the competition of an energy efficiency project that is expected to save the city $88,649 in annual electricity and natural gas costs.
Larry Fink’s 2021 letter to CEOs
In his annual letter to CEOs, Larry Fink noted that the pandemic has presented such an existential crisis that it has driven us to confront the global threat of climate change more forcefully and to consider how, like the pandemic, it will alter our lives. Read the letter to find out why there is no company whose business model won’t be profoundly affected by the transition to a net zero economy and how sustainability and deeper connections to stakeholders will drive better returns.
Abercrombie & Fitch to source 100% renewable energy
Abercrombie & Fitch Co. recently announced its commitment to power its global headquarters in Ohio and its distribution centers with 100% renewable energy from 2023, and subsequently signed a 13-year agreement to source all the clean electricity necessary to achieve that goal.
Bridgestone installs first solar array
Bridgestone, a global provider of tires and sustainable mobility solutions, announced on March 2 that it has installed its first ground-mounted solar array, providing power directly to its manufacturing process.
Chipotle ties executive compensation to sustainability metrics
Chipotle Mexican Grill announced last week a new Environmental, Social and Governance (ESG) structure that will hold its executives more accountable to its goals by tying executive compensation to its ESG accomplishments.
Chevron promises higher returns, lower carbon
Chevron Corporation announced plans to increase return on capital employed and lower carbon intensity. During its annual inventory meeting on March 9, Michael Wirth, Chevron's chairman and CEO said, "We're building on our track record of capital and cost discipline to deliver higher returns. And we're taking action to advance a lower carbon future."
Mastercard issues $600 million sustainability bond
Mastercard announced March 3 that it successfully priced a $600 million Sustainability Bond that will fund projects in carbon reduction, supporting environmental choices for customers and fostering inclusive growth.
Rayonier captured 5.7 million tons of CO2
Rayonier announced March 1 that in 2019 its timberland assets sequestered an estimated 5.7 million tons of CO2 equivalents from the atmosphere, after accounting for carbon emitted through operations and carbon removed to customers through harvest activity.
City of Santa Monica creates zero-emissions delivery zone
The City of Santa Monica announced on Feb. 25 that it deployed a zero-emissions delivery zone within a one-square mile voluntary area by partnering with tech and delivery companies and community organizations.
A.P. Moller - Maersk reveals the world's first carbon neutral vessel
A.P. Moller - Maersk recently announced that it will be launching the world’s first carbon neutral liner vessel in 2023, seven years ahead of its original target date.
EnergyOps: Reducing Cisco’s energy use and greenhouse gas emissions
Within Cisco’s direct operations, the main source of emissions is the energy required to operate labs and data centers. Catherine Paquette of Cisco explains in this column how the unique approach of the company's Global Energy Management and Sustainability (GEMS) team has driven progress toward achieving their Scope 1 and 2 GHG reduction goals.
Weekend reads: Discovering Amazon's EV company; The woman at the helm of Biden's climate plan
It's the weekend! Kick back and catch up with these must-read articles from around the web.
Goldman Sachs completed $156B in sustainable financing in 2020
Goldman Sachs announced March 4 that it achieved a fifth of its 2030 sustainable financing goal that it set in 2020, with $156 billion completed and $93 billion of that dedicated to climate transition.
RBC sets sustainable finance target of $500 billion by 2025
Royal Bank of Canada (RBC) announced its intent to increase its sustainable financing by $500 billion by 2025 and achieve net zero emissions in its lending by 2050.
Smart Energy Voices Podcast - Episode 25: The Future of GM, EVs and Renewables with Rob Threlkeld
The future of decarbonization is in re-inventing the transportation industry. John speaks about the potential of electric vehicles with General Motors’ Global Manager of Sustainable Energy, Supply, and Reliability, Rob Threlkeld. John and Rob discuss GM’s incredible carbon neutrality goal and how every company can join the movement to create a cleaner future.
SED Pulse Survey: COVID-19's Impact on Sustainability Goals and Workplace Restart
What effect has COVID-19 had on sustainability plans? And when will energy, sustainability, and facility executives return to their offices? Smart Energy Decisions fielded a Pulse survey to find out.
Kellogg to achieve more than 50% renewable electricity by end of 2022
Kellogg announced on March 3 that it will achieve more than 50% renewable energy to address the electricity needs of its owned manufacturing globally by the end of 2022.
Target adds three new RE projects to cover 25% of electricity use
Target announced March 4 three new renewable energy partnerships that will cover nearly a quarter of all its electricity use with wind and solar power.
Visa adds solar to the grid to power Virginia data center
Visa announced March 3 that it has entered into an agreement that will provide its Virginia data center with 100% renewable energy for five years.
Six US utilities join together to create interstate EV charging highway
A group of six major utilities announced March 2 a new coalition that will focus on creating a network of electric vehicle charging stations across major highways in the South, Midwest, Gulf, and Central Plains regions.
City of Healdsburg completes largest U.S. floating solar farm
The City of Healdsburg, California announced on March 3 that it has completed a floating solar project, the largest completed in the United States to date.
FedEx commits to carbon-neutral operations by 2040
FedEx Corp. announced on March 3 that it set a goal to achieve carbon–neutral operations globally by 2040. To help reach this goal, FedEx is designating more than $2 billion of the initial investment in three key areas: vehicle electrification, sustainable energy and carbon sequestration.
Jigar Shah to lead $40 billion DOE clean tech loan effort
The U.S. Department of Energy (DOE) announced on March 3 the appointment of clean energy industry pioneer Jigar Shah as Director of the Loan Program Office, which will oversee more than $40 billion in loan authority across manufacturing, innovative finance, and tribal energy projects.
