Energy Management Articles | Page 161

Santander Holdings USA, Inc., a financial services company, transitioned to 100% carbon-neutral operations and announced $2 billion in renewable energy finance underwritten and participated in sustainability-linked transactions totaling $61.3 billion.

Public Storage announced the company nearly tripled its properties with solar power capability, with plans to reach over 1,000 properties by 2025.

It’s the long holiday weekend! Kick back and catch up with these must-read articles from around the web:

Ferrero Group unveiled it’s on track to achieve key sustainability targets, with 92% of its global electricity now sourced from renewables, which is up from 84% last year.

BorgWarner, an automotive supplier, announced progress toward its net zero goal, with 23% of its electricity use coming from renewable sources, a significant increase from 3.5% in 2021. The company aims to support the low-carbon transition, expecting to generate approximately 35% of sales from eProducts in 2025 and 49% in 2027.

The U.S. Department of Energy along with its partners signed a Memorandum of Understanding to accelerate the commercialization of long-duration energy storage.

The Cabot Corporation, a global specialty chemicals and performance materials company, achieved its goal to reduce nitrogen oxides (NOX) emissions intensity by 50% by investing in air pollution control technology and energy recovery systems.

Commercial vehicle manufacturer Scania took a big step toward decarbonizing its supply chain by placing its first order for green steel.

Ascend Performance Materials made significant progress on its sustainability strategy, including a 64% reduction in Scope 1 GHG emissions. It also increased its renewable energy use from 20% to 26%.

NASA announced that its aircraft, produced through its Sustainable Flight Demonstrator project, has been designated as the X-66A by the U.S. Air Force. The X-66A is focused on helping the U.S. reach net-zero aviation GHG emissions, a goal articulated in the White House’s U.S. Aviation Climate Action Plan.