Walmart Announces New Commitments to Dramatically Increase Energy Efficiency and Renewables [View all]

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http://news.walmart.com/news-archive/2013/04/15/walmart-announces-new-commitments-to-dramatically-increase-energy-efficiency-renewables

[font face=Serif][font size=5]Walmart Announces New Commitments to Dramatically Increase Energy Efficiency and Renewables[/font]

[font size=3]BENTONVILLE, Ark. – April 15, 2013 – Walmart President and CEO Mike Duke today announced the company’s next step on the path to achieving its goal of being supplied 100 percent by renewable energy. Unveiled at Walmart’s Global Sustainability Milestone Meeting, the company committed to achieving the following by Dec. 31, 2020:

1. Drive the production or procurement of 7 billion kWh of renewable energy globally every year, a 600 percent increase over 2010 levels;
2. Reduce the kWh/sq. ft. energy intensity required to power Walmart’s buildings globally by 20 percent compared to 2010 levels.

“More than ever, we know that our goal to be supplied 100 percent by renewable energy is the right goal and that marrying up renewables with energy efficiency is especially powerful,” said Duke. “The math adds up pretty quickly – when we use less energy that’s less energy we have to buy, and that means less waste and more savings. These new commitments will make us a stronger business, and they’re great for our communities and the environment.”

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Already today, over the term of its power purchase agreements (PPAs), the renewable energy Walmart buys either meets or beats non-renewable power prices. In 2012 alone, Walmart added nearly 100 renewable energy projects, bringing the total number of projects in operation worldwide to nearly 300 today. According to the Solar Energy Industry Association, it has more solar power capacity and number of systems than any other company in America. Walmart has also been cited by the U.S. Environmental Protection Agency (EPA) as America’s leading user of onsite renewables, using more onsite renewable power than any other company in the U.S. These new commitments will further strengthen Walmart’s leadership position and make a strong statement about the vialibility and affordability of renewable energy.

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