The Renewable Energy Buyers Alliance launches Thursday to help companies take advantage of new ways to purchase renewable energy.
Some of the nation's top tech firms, manufacturers and consumer companies are banding together to create a boom in renewable energy purchases throughout corporate America.
Over the last six years, a handful of corporate giants have created a new way of meeting their sustainable energy goals. By striking deals to buy blocks of energy from utilities and power plant owners, they are underwriting the construction of new wind towers, solar farms and other renewable projects.
That is a lot of renewable energy. It's roughly equal to all the solar photovoltaic power capacity available across the U.S. in 2018. "Most of these large buyers have never really done anything different than what you or I do, which is paying an energy bill," Ballentine said. Terrell, the energy market strategist at Google, says entering a corporate renewable deal should be as simple as clicking a button and getting renewable power sent to a data center. However, it's not nearly that easy today, and that's where corporations have a role to play, he says.
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