Industrial | Page 59

Selling the value of investing in energy efficiency across an organization, especially in competition for precious capital, can be a real challenge. As this article from Constellation explains, demonstrating the potential return on the investment (ROI) through long-term cost reduction plus a life cycle assessment of current infrastructure is paramount when valuing the overall return of an efficiency initiative.

In its third Annual Sustainability Report, Polestar, a Swedish EV maker, confirmed it reduced relative CO2e-emissions per car sold by 8% compared to 2021 levels.

Cleveland-Cliffs Inc., a flat-rolled steel producer, announced its Scope 1 and 2 GHG emissions in 2022 were below its reduction goal of 25% lower, well in advance of its 2030 target year for such reductions.

Electrolux Group, a global appliance company, is three years ahead of its plan to achieve a science-based climate target.

Holcim US announced its commitment to optimize operations at its Portland cement plant in Florence, Colorado by introducing large-scale solar power and battery energy storage. The company aspires to power all US operations with 100% renewable energy

Ford's BlueOval City mega-campus will be capable of producing 500,000 EV trucks annually at full production, the company announced. The electric vehicle and battery manufacturing campus in West Tennessee begins production in 2025 and will be home to Ford’s second-generation electric truck.

Smart Energy Decisions' spring edition of the Net Zero Forum, held March 15-17 at La Cantera Resort & Spa in San Antonio, Texas, brought together a community of energy customers and suppliers to develop and execute net zero strategies and other sustainability goals.

Berry Global Group, a packaging and engineered products company, reduced its operational GHG emissions by 21% and expects to achieve its science-based target of a 25% reduction prior to its 2025 goal.

In its three-year mid-term plan (MTP), Mitsubishi Motors Company committed to making 50% of its sales EVs by 2030 and electrifying 100% of its fleet by 2035.

The Chemours Company, a global chemistry company, announced a long-term sustainability program focusing on reducing the carbon footprint of Chemours’ glycolic acid grades by up to 80% against a 2023 baseline.