The RE100 initiative, led by The Climate Group in partnership with CDP, has grown leaps and bounds in recent years, and in 2018 — amidst the starkest warning yet from scientists of the dangers of climate change and unchecked global warming — RE100 added 37 new companies, bringing the total up to 155 companies creating demand for a phenomenal 188 terawatt-hours of renewable power each year — equivalent to the 23rd largest country in the world. Read more here.
Photo Credit: IKEA
MORE CORPORATE NEWS
Panasonic Grows Residential Solar Installer Network, Solar Industry Panasonic Eco Solutions of North America has announced a cross-country expansion of its residential solar installer program with the addition of six premium installers across three regions, enabling more homeowners access to the company’s HIT module portfolio. Launched in the U.S. in 2016, the program now has 24 premium installers and more than 150 authorized installers.
Walmart out to create an economy of reuse, company says, Arkansas Democrat Gazette Walmart’s commitment to a circular economy goes beyond recycling. In April 2017, it unveiled Project Gigaton. The goal is for the company and its suppliers to help reduce greenhouse-gas emissions by 1 billion metric tons by the year 2030.
NEWS FROM OTHER STATES
How Ohio can capture $25 billion worth of clean energy growth, Midwest Energy News Ohio risks missing out on roughly $25 billion in investments and 20,000 new jobs over the next two decades if state officials don’t take steps soon to expand clean energy, according to a new analysis. Synapse Energy Economics of Cambridge, Massachusetts, released its second Powering Ohio report, which was funded by the Environmental Defense Fund with input from a variety of businesses and research institutions.
One of the signatories, Procter & Gamble, is among the 63% of Fortune 100 companies that have set one or more renewable energy targets. More broadly, a group of 100 large energy buyers have set a goal of procuring 60 gigawatts (GW) of renewable power by 2025 – equivalent to the output of over 100 average-sized coal plants
Corporate purchasers have already procured over 11 GW of renewable power since 2013, leaving about 50 GW remaining to reach that goal. And with new wind and solar energy projects frequently the lowest-cost source of power, major American companies are increasingly buying both technologies to save money, control their energy costs, and decrease their environmental impacts. However, transmission planners are not adequately accounting for this shifting and new demand. Read morehere.
By Michael Liedtyke, AP Technology Writer, Omaha World-Herald
SAN FRANCISCO (AP) — Apple is planning to build a new corporate campus and hire 20,000 U.S. workers in an expansion driven in part by a tax cut that will enable the iPhone maker to bring an estimated $245 billion back to its home country . . . Excluding banks and other financial services companies, Moody’s Investors Service estimates corporate America has an estimated $1.6 trillion in overseas cash. Most of that is in the technology industry, with Apple at the top of the heap. Read more here.
Last week, Minneapolis-St. Paul signaled its intention to join the race to entice Amazon to locate its new headquarters in the Twin Cities. While local officials pull together a package they hope will win the day, it’s worth considering how our friendly neighbors to the south have managed to persuade so many companies to set up shop in Iowa. Iowa, it turns out, can offer one thing more and more major corporations want: easy access to low-cost, renewable energy.