Corporations In Record New Energy Buys

In Corporate March to Clean Energy, Utilities Not Required; Instead of waiting for large utilities to go greener, companies are buying renewable energy directly, upending the traditional system. Jan Ellen Speigel, August 8, 2016 (Inside Climate News)

“…Some of the nation's largest corporations decided not to wait for utilities [focusing on cheap fracked gas, expensive nuclear power, what to do about coal, and how to fight renewable energy models that threatened their bottom line]…[The corporations] bought their own clean power…directly from the companies that produced it. No utility middleman needed…This clean power revolt, led by some of the biggest corporate energy consumers, is the latest threat to the [utilities’] power purchase and delivery system that's been in place since Thomas Edison invented it…

click to enlarge

Many experts say there is more of this to come, and that utilities will not sit back and let this market pass them by…The trend was spearheaded by the elite of the Fortune 500, especially those companies with electricity-guzzling data centers and manufacturing operations such as Google, Amazon and Walmart…Municipalities, universities, and other institutions are adopting the model…The windfall has been biggest for the wind power industry [but many corporations are investing in solar as well]…” click here for more

click to enlarge

Tweet