
The Google logo is spelled out in heliostats (mirrors that track the sun and reflect the sunlight onto a central receiving point) during a tour of the Ivanpah Solar Electric Generating System in the Mojave Desert near the California-Nevada border February 13, 2014. The project, a partnership of NRG, BrightSource, Google and Bechtel, is the world’s largest solar thermal facility and uses 347,000 sun-facing mirrors to produce 392 Megawatts of electricity, enough energy to power more than 140,000 homes. Photograph: Steve Marcus/Reuters
The often maligned Calvin Coolidge quote the “Business of America is Business” takes on a positive note when we consider that in the current political climate many corporations are stepping up where the federal administration falls short.
After the November elections, many of us in the climate and energy fields were rightfully fearful. What would happen to international agreements to cut greenhouse gases? What would happen to funding for climate research? What would happen to the green energy revolution?
In most instances, Trump is worse than we could have imagined. But in one special area, the president may not matter. That is in the growth of corporate purchasing of renewable energy. It turns out there are factors that even he cannot stop that make choosing renewable energy an easy decision for many companies.
New evidence about the unstoppable renewable energy wave recently came out in a report that was released by Apex Clean Energy and the GreenBiz Group. These groups surveyed corporations to determine their future plans on renewable energy installation and adoption. They wanted to know whether these plans had changed in the past few years and what motivated their decisions to implement renewable energy strategies. The outcome of this survey is available here for people who want to read the entire document.
The groups surveyed 153 major corporations (both public and private), whose combined revenue was in excess of $250 million. Among these companies, 84% are “actively pursuing or considering purchasing renewable energy over the next 5-10 years.” Surprisingly, they found that 43% of the corporations intend to be more aggressive in their pursuit of renewable energy in the next two years. 87% of those actively pursuing renewable energy purchases stated that the election had no impact on their decision.
In fact, 11% were more inclined to purchase renewable energy. Continue reading →