At-a-Glance:
Amazon was the number one U.S. corporate buyer of renewable energy in 2020, procuring more than 3.16 GW. Utility-scale solar power also was the most sought-after renewable resource among the country’s major corporations. That’s according to the Renewable Energy Buyers Alliance (REBA), a member-based organization that represents and advocates on behalf of many of the nation’s largest corporate energy purchasers. To learn more, read “Top 10 U.S. corporate renewable energy buyers of 2020.”
Key Takeaways:
- REBA found that U.S. corporations once again showcased their resolve and commitment to renewable energy with a record-breaking 10.6 GW of contracted capacity.
- REBA’s group members accounted for 97% of the procurements tracked in 2020. Of the 98 deals reflected in the full report, 72% were for utility-scale solar projects.
- Amazon is on a path to run on 100% renewable energy by 2025, five years ahead of its original target of 2030.
- REBA reported that 2020 was the first year that multiple U.S. corporate energy buyers announced procurements including battery storage, aligning with broader industry trends as storage technology becomes more accessible.
Path to 100% Perspective:
Corporate renewable energy trailblazers such as Amazon are reaching and exceeding their clean energy goals. Achieving a zero-carbon power sector will require leveraging a mix of technologies and fuels at different steps along the path to 100%. Investment in innovation is proving that reaching renewable energy goals is possible, practical and affordable.
Photo: Christian Wiediger on Unsplash