Full Title: Clean Energy Powers American Business
Author(s): American Clean Power
Publisher(s): American Clean Power
Publication Date: January 15, 2023
Full Text: Download Resource
Description (excerpt):
This report provides a detailed picture of how commercial and industrial (C&I) companies are driving demand for American clean energy and accelerating the clean energy transition through purchases of clean power directly from wind, solar and energy storage plants. Economic and environmental benefits, as well as growing pressure on corporations to meet sustainability targets, have led to a 100-fold increase in corporate clean power procurement over the past decade. During that same period, solar and wind costs have decreased 71% and 47% respectively, making both more attractive to corporate energy buyers.
American companies are benefiting from – and contributing to – the affordability of clean power. Corporations purchased more clean energy in 2022 than ever before – nearly 20 gigawatts (GW) of clean energy, more than 4 GW higher than any previous year. By the end of the year, over 300 corporations had contracted more than 77 GW of clean energy. Once operational, that is enough capacity to power the equivalent of over 1,000 data centers, or 18 million American homes.