Energy Management Articles | Page 337

Royal Bank of Canada (RBC) announced its intent to increase its sustainable financing by $500 billion by 2025 and achieve net zero emissions in its lending by 2050.

Kellogg announced on March 3 that it will achieve more than 50% renewable energy to address the electricity needs of its owned manufacturing globally by the end of 2022.

Target announced March 4 three new renewable energy partnerships that will cover nearly a quarter of all its electricity use with wind and solar power.

Visa announced March 3 that it has entered into an agreement that will provide its Virginia data center with 100% renewable energy for five years.

A group of six major utilities announced March 2 a new coalition that will focus on creating a network of electric vehicle charging stations across major highways in the South, Midwest, Gulf, and Central Plains regions.

The City of Healdsburg, California announced on March 3 that it has completed a floating solar project, the largest completed in the United States to date.

FedEx Corp. announced on March 3 that it set a goal to achieve carbon–neutral operations globally by 2040. To help reach this goal, FedEx is designating more than $2 billion of the initial investment in three key areas: vehicle electrification, sustainable energy and carbon sequestration.  

The U.S. Department of Energy (DOE) announced on March 3 the appointment of clean energy industry pioneer Jigar Shah as Director of the Loan Program Office, which will oversee more than $40 billion in loan authority across manufacturing, innovative finance, and tribal energy projects.

Citigroup's new CEO, Jane Fraser, announced on her first day as CEO on March 1 that the investment bank will be net zero in carbon emissions by 2050.

As the modern grid evolves away from large central generation towards smaller on-site electricity production, the new electric paradigm has spurred the growth of an incredible array of on-site distributed energy resources. In Part 2 of this series from NRG Energy based on results of the 2020 State of Distributed Energy Resources study conducted by Smart Energy Decisions, NRG looks at which technologies are gaining ground and five steps to consider when evaluating the selection of DERs that are right for you.