Sourcing Renewables | Page 142

Amazon will purchase half of the energy produced by a large Netherlands offshore wind farm to power its operations in Europe. The project will bring the company closer to its goal of being net-zero carbon by 2040 and allow it to run off 100% renewable energy by 2025, five years earlier than it previously planned.

It's the weekend! Kick back and catch up with these must-read articles from around the web.

It’s not common to see a company that’s heavily vested in a particular segment of any industry make a 180-degree turn that is designed to eliminate the need for its original area of focus. It’s even more uncommon for that company to become the leader in its new niche. That’s the story of Ørsted, a Denmark-based Oil Giant that has made the transition to renewable energy like few other companies. Joining SEV host John Failla on this episode is Melissa Peterson, VP of Origination and Power Marketing at Ørsetead North America.

Empire State Realty Trust (ESRT), a real estate company focusing on retail properties in Manhattan, announced on Feb. 3 that, after its latest contract, it now has enough wind energy to power its entire 10.1 million-square-foot commercial portfolio.

The BMW Group announced on Feb. 2 that it will begin sourcing aluminum produced using solar electricity. This marks an important milestone on the road to the company’s goal of lowering CO2 emissions in its supplier network by 20% by 2030.

Coal is on track to disappear from the U.S. power grid by 2033 as the push for a carbon-free electricity system gains strength. The fossil fuel will be supplanted largely by renewables, which will supply 39% of U.S. electricity in 2030 and 55% in 2035

KPMG, a global organization of independent professional services firms, announced on Jan. 26 that it has published its first ESG plan. The company’s Impact Plan brings together new and existing ESG commitments under one umbrella.

Vaisala, a weather, environmental and industrial measurements company, announced on Feb. 2 that it achieved its target to use 100% renewable electricity by the end of 2020.

Wells Fargo announced on Feb. 2 that it is installing approximately 30 MW of new, onsite solar generation at its corporate and retail locations in seven states.

Flat-rolled steel producer Cleveland-Cliffs announced on Jan. 29 that it has set a target to reduce its greenhouse gas emissions by 25% by 2030. This goal represents combined Scope 1 (direct) and Scope 2 (indirect) greenhouse gas emission reductions.