Major US Corps commit $140B for new renewables

13 major US companies announced $140B in new renewable energy investments to reduce their carbon footprint this week. Isn’t it time for us all to save money with clean energy?

 

Major US Corporations Pledge To Increase Renewable Energy Usage, Decrease Carbon Footprint

July 27, 2015

Executives from 13 major U.S. corporations are announcing at least $140 billion in new investments to decrease their carbon footprints as part of a White House initiative to recruit private commitments ahead of a United Nations climate-change summit later this year in Paris.

Companies including Apple Inc., Berkshire Hathaway Energy Co., and Goldman Sachs Group Inc. will join Secretary of State John Kerry and top administration officials at the White House for the announcement. In addition to pledges to cut emissions, provide financing to environmentally-focused companies, and reduce water consumption, the companies have said they will procure at least 1,600 MW of new, renewable energy. The White House said in a statement that it expects to announce a second round of similar pledges later this fall from additional companies.

The commitments are being announced as President Barack Obama is looking to build momentum toward a legacy-defining global climate accord in Paris. In addition to company-specific commitments, the corporate leaders on Monday will signal their support for a strong climate agreement out of the United Nations talks. They administration is using the pledges to set an example for companies to find ways to eliminate their carbon emissions.

Climate Talks

“As the world looks toward global climate negotiations in Paris this December, American leadership at all levels will be essential,” the White House said in a fact sheet detailing the announcement.

The administration’s actions are pushing the issue into the 2016 presidential debate. Hillary Clinton, the front-runner for the Democratic nomination, released an energy strategy saying she would both defend and go beyond Obama’s efforts. Republican candidates have criticized the administration’s initiatives as costly to the economy and unnecessary.

Among the pledges, aluminum manufacturer Alcoa Inc. has agreed to reduce emissions by 50 percent from its 2005 levels, while agricultural giant Cargill Inc. says 18 percent of its total energy use will come from renewable sources.

Coca-Cola Co. said it would drive down the carbon footprint of its beverage production by 25 percent over the next five years, while Google says it plans to triple its purchases of renewable energy over the next decade. Berkshire Hathaway says it plans to invest up to an additional $15 billion in the construction and operation of renewable energy generators, while Bank of America Corp says it will increase its environmental business initiative by $75 billion over the next decade, according to the White House

Other participating firms include Wal-Mart, United Parcel Service Inc., PepsiCo Inc., Microsoft Corp., General Motors Inc.

The corporate commitments won’t be the administration’s only major climate announcement in the next few weeks. The Environmental Protection Agency is set to present final regulations that aim to reduce carbon emissions from power plants by 30 percent from 2005 levels by 2030 later this week.

While visiting Kenya over the weekend, Obama repeatedly praised the country for its efforts to address climate change, saying its efforts tor educe emissions “has put it in the position of being a leader on the continent.” And next month, the president will travel to Alaska for an international summit on Arctic climate issues.

©2015 Bloomberg News

Now Everyone in NY can “go solar”!

This week, the NYS Public Service Commission (PSC) delivered on Governor Cuomo’s promise to create a statewide “Community Renewables” program. http://ny-sun.ny.gov/Get-Solar/Community-Solar

The community net metering initiative now allow multiple customers to net meter from a single solar generation facility – so anyone, anywhere in the state can sign up to save with solar, wind, or water power from a renewable energy generation system that is sited anywhere in their community.

As the PSC notes, “Many utility customers lack control over sites that can be configured into a location for a clean generation facility, even for solar photovoltaic (PV) panels, the most common form of small on-site clean distributed generation.” The new program allows customers who don’t have a solar resource, or rent their homes or workplaces, to now sign up for solar (or wind or water) and gain the same benefits as those who can install a renewable energy system on their property.

EarthKind is working with customers to create Community Solar opportunities throughout the state.

Contact us if you’d like to participate.

 

 

EarthKind Delivers NY Prize Microgrid Award for City of Binghamton

EarthKind led the development of an application to the competitive NY Prize initiative for the City of Binghamton. EarthKind built the Team, created the plan, and submitted the application. The Governor announced that the City of Binghamton received a $100,000 award! (#64 on the map).

http://www.nyserda.ny.gov/All-Programs/Programs/NY-Prize/Opportunity-Zones-Map/Opportunity-Zones/NYPrize-Region-Map?region={7D48E35F-EACF-49D0-853B-FA27B6300AED}&gr=551728d4-cec4-4c48-aa15-fdbc4ce234c4

“City of Binghamton Awarded Project

At the confluence of two great rivers, the Susquehanna and the Chenango, the City of Binghamton has sustained more than its share of flood-related damages — in both 2006 and 2011, much of the city was submerged. During these events, the city either lost or experienced diminished services of electricity, potable water, police and fire protection, as well as housing. The proposed microgrid would include combined heat and power, solar, and hydroelectric power. Power would be provided to Binghamton City Hall, Binghamton Police Department, Binghamton Fire Department, Binghamton Water Treatment Plant, YMCA of Broome, YWCA of Binghamton, Twin River Commons Student Housing Complex, Holiday Inn Arena, Bates Troy laundry, Kradjian Properties, Keystone Associates Architects, Engineers and Surveyors, and NYSEG. Partners: GE Energy Consulting, ASI Energy, EarthKind Energy and Keystone Associates Architects, Engineers and Surveyors, LLC.”