Sourcing Renewables | Page 12

In this episode of Smart Energy Voices, host Debra Chanil welcomes Luke Penne, Senior Business Development Manager at Constellation Energy, in an interview from the 2024 Renewable Energy Forum, “The Continued Evolution of Offsite Renewable Purchasing.” This insightful episode covers recent developments in offsite renewable purchasing, including factors affecting the rising prices of power purchase agreements (PPAs), the importance of more impactful renewable purchases, and increasing demand for PPAs and integrated solutions as companies face challenges in meeting their 2025 and 2030 sustainability goals.

L3Harris Technologies announced it plans to reduce greenhouse gas emissions by 60% by 2030 from a 2021 performance baseline and committed to sourcing 40% of its total electricity from renewable sources in the same timeframe.

Three park districts in Illinois will deploy a 1.54-MW portfolio of rooftop solar projects.

Tech company Microsoft entered a partnership to develop up to 500 megawatts (MWac) of community-scale solar energy projects across the United States between 2025 and 2029.

Hormel Foods Corporation, a Fortune 500 global-branded food company, announced its science-based targets were validated by the Science Based Target Initiative (SBTi), formalizing the company's 2030 emissions reduction targets for Scope 1, 2 and 3 emissions.

Saia Trucking entered a partnership to pilot the use of renewable diesel at its locations in Oakland, San Jose, Orange and San Diego, California.

Commercial electric airline Ecojet signed an agreement to purchase 22 ZA2000 hydrogen-electric engines.

Kingspan Insulated Panels North America announced that in 2023 the company recorded 3,037 tCO2e Scope 1 and 2 emissions, a 5% reduction from 2020 baseline, and utilized 5.95 GWh total direct renewable energy.

EQ Office announced notable environmental development including an 8% year-over-year decrease in absolute Scope 1 and 2 GHG emissions.