Quantcast

25 American Companies Go Big With Solar

Business

America's biggest brands are choosing solar, not only for the environmental benefits but also for the boost it can bring to their bottom lines.

The fourth edition of the annual Solar Means Business Report, which identifies major commercial solar projects and ranks America’s top 25 corporate solar users, was released today by the Solar Energy Industries Association (SEIA).

The report revealed that the amount of solar installed by America’s top companies has nearly tripled since the first edition was released.

The top 25 companies in SEIA’s Solar Means Business Report installed more than 1,278 individual systems this year. Photo Credit: SEIA

Walmart is once again America’s commercial solar leader for the third year in a row with nearly 142 megawatts (MW) installed at 348 installations across its locations.

1. #ActOnClimate

The release of SEIA’s new rankings of the top corporate solar users in America coincides with commitments made by Walmart and 80 other U.S. companies to the American Business Act on Climate Pledge.

By signing the pledge, these companies provided new and ongoing plans for reducing, avoiding and mitigating greenhouse gas (GHG) levels in their operations. The pledge was also a showing of strong support to leaders from around the world who are meeting in Paris this week to solidify broader commitments from countries that are working to address climate change.

The 2.7 MW solar array at FedEx's facility in Hagerstown, Maryland consists of nearly 9,000 individual modules and offsets 37 percent of their electricity demand. Photo credit: FedEx

These companies are influential and successful brands that have operations in all 50 states, employ more than nine million people, represent more than $3 trillion in annual revenue and have a combined market capitalization of more than $5 trillion.

Deploying more clean energy is a significant way these companies are reducing their emissions and building more sustainable businesses.

In 2014, 26 percent of Walmart’s electricity was generated from renewable sources. In fact, Walmart pledged to double the number of on-site solar energy projects at its U.S. stores, Sam’s Clubs and distribution centers by 2020, compared with its 2013 baseline.

2. #SolarMeansBiz

Choosing to go solar is a surefire way for companies to take action on climate, but it’s also a smart business decision.

For commercial users, average electricity rates have increased more than 20 percent in 10 years, moving from eight cents per kilowatt-hour (kWh) to more than 10 cents per kWh.

This report shows that companies are taking advantage of this cost savings by increasingly adopting solar or adding to their existing systems to power their operations.

While the report does not provide a complete dataset of corporate solar systems in the U.S., the companies sampled installed 1,686 systems totaling 907 MW, generating enough electricity to power more than 158,000 homes.

This represents a 59 percent increase over the findings of last year's report.

Commercial solar prices are the lowest they have ever been and are continuing to fall, making solar a cost-effective decision that pays in both dividends for the environment and the bottom line.

YOU MIGHT ALSO LIKE

Art Installation Lights Up Eiffel Tower on Eve of Paris Climate Talks

Brad Pitt’s Nonprofit Delivers LEED Platinum Homes to Fort Peck Reservation

100% Renewable-Powered World ‘Technically Feasible and Economically Viable’ by 2030

Morocco’s Giant Solar Plant to Bring Energy to 1 Million People

EcoWatch Daily Newsletter

California Gov. Gavin Newsom speaking with attendees at the 2019 California Democratic Party State Convention at the George R. Moscone Convention Center in San Francisco. Gage Skidmore / Flickr / CC BY-SA 2.0

California Gov. Gavin Newsom imposed new restrictions on oil exploration in his state yesterday by putting a moratorium on hundreds hydraulic fracturing permits until the projects are reviewed by independent scientists, as the AP reported.

Read More Show Less
The endangered Houston toad. Courtesy of U.S. Fish and Wildlife Service

While the planet continues to heat up, almost every single one of the 459 species listed as endangered in the U.S. will struggle as the climate crisis intensifies, according to new research published in the journal Nature Climate Change.

Read More Show Less
Sponsored
"This singular scientific achievement was accomplished at Heliogen's commercial facility in Lancaster, California." Heliogen

A startup backed by Bill Gates unveiled a breakthrough solar technology Tuesday that could free heavy industry from fossil fuels.

Read More Show Less
Rhodiola rosea is an adaptogenic herb that can help with chronic fatigue and stress-related burnout. Tero Laakso / Flickr

By Gavin Van De Walle, MS, RD

While everyone has specific life stressors, factors related to job pressure, money, health, and relationships tend to be the most common.

Stress can be acute or chronic and lead to fatigue, headaches, upset stomach, nervousness, and irritability or anger.

Read More Show Less
A video shows a woman rescuing a koala from Australia's wildfires. VOA News / YouTube screenshot

More than 350 koalas may have died in the wildfires raging near the Australian town of Port Macquarie in New South Wales, but one got a chance at survival after a woman risked her life to carry him to safety.

Read More Show Less