Commercial, Solar, Sourcing Renewables - November 30, 2022
US Companies Installed 19 GW of Solar in the First Half of 2022
American companies now account for 14% of all installed solar capacity in the United States, led by Meta, Amazon, Apple, Walmart and Microsoft.
That’s according to a new report by the Solar Energy Industries Association (SEIA). In the Solar Means Business 2022 report, SEIA found that US companies installed nearly 19 GW of on-site and off-site solar capacity through June 2022 – nearly double that installed through 2019.
The report also found that off-site corporate solar procurement now represents 55% of all commercial solar use. There are now 23 US companies with at least 100 MW of solar capacity, and 18 of the top 25 solar energy users are pursuing 100% renewable energy or carbon neutrality.
Meta was the company with the most installed solar capacity, with 3.6 GW. Meanwhile, Target ranked as the top company for onsite solar installation and Microsoft secured fifth place overall by installing 479 MW of new capacity since 2019.
Other trends included tech companies like Intel, Google, Switch and Digital Realty increasing solar energy use at their data centers and food and beverage companies, health care companies and other top brands like Home Depot and T-Mobile increasing their ranking amongst corporate solar users.
SEIA predicted that commercial solar installations will double again over the next three years thanks to 27 GW of contracted corporate solar projects in the pipeline.
“About half of all corporate solar has been installed in the last two and half years,” Abigail Ross Hopper, SEIA president and CEO, said in a statement. “Solar Means Business highlights the incredible flexibility of solar, whether it’s installed on a warehouse roof, on a carport or at an off-site facility, showing the various ways that companies are meeting their needs with clean, affordable energy. From data centers to industrial freezers, the most energy-intensive business operations are turning to solar as the most reliable and affordable way to power their infrastructure.”