Commercial, Sourcing Renewables - September 10, 2020
Walmart launches supplier renewable energy program
Walmart announced Sept. 10 their newest project, the Gigaton PPA Program, which will provide the superstore giant’s U.S.-based suppliers with increased access to renewable energy opportunities. The program will educate Walmart suppliers about aggregate power purchase agreements and directly supports Walmart’s Project Gigaton, an initiative to avoid one gigaton of CO2 from Walmart’s global supply chain by 2030.
“The Gigaton PPA Program is the kind of innovation-in-action needed to help our suppliers take the next step towards low-carbon emissions, helping to build a more sustainable future for our communities,” said Zach Freeze, Senior Director of Sustainability at Walmart, adding that the program "aims to democratize access to renewable energy and accelerate its use with our supplier base.”
The GPPA program will focus on educating participants on the renewable energy market, covering topics like purchases and emissions reductions, as well as providing guidance on projects and creating cohorts of interested companies to contract renewable energy with a greater economy of scale. The program is the result of a collaboration between Walmart and Schneider Electric.
More than 2,300 suppliers from 50 countries are now participating in Project Gigaton and have reported a cumulative 230 million metric tons of avoided emissions since 2017, more than 20% of the 2030 goal.