IBM executes the fourth largest corporate purchase of certified Renewable Energy Certificates in the U.S.
01 Dec 2005 -- IBM, in conjunction with the World Resources Institute (link resides outside of ibm.com) Green Power Market Development Group (GPMDG), announced that it will be purchasing 96,000 megawatt hours (MWh) of certified Renewable Energy Certificates (RECs). When combined with the company's renewable energy purchases, these RECs increase IBM's renewable energy portfolio to an equivalent of 4 percent of its electrical usage in the U.S. This is currently the fourth largest corporate purchase of RECs in the U.S.
The GPMDG is a unique commercial and industrial partnership dedicated to building corporate markets for green power. RECs are purchased separately from electricity and allow IBM to support renewable power facilities and receive the environmental benefits of non-fossil fuel energy generation without being located near the site where the electricity is fed into the wires.
The purchase of RECs demonstrates IBM's continued commitment to taking action on climate change and support for the development of renewable energy.
IBM recognizes that global climate change is an important environmental and business issue. The company has taken voluntary actions to conserve its energy use and to reduce the emissions of greenhouse gases associated with its energy use and operations. IBM also participates in voluntary initiatives on climate protection with a broad range of government and nongovernmental organizations. IBM was a charter member of the World Wildlife Fund's Climate Savers program, as well as the U.S. Environmental Protection Agency's Climate Leaders program and the WRI's GPMDG. As a member of the Pew Center's Business Environmental Leadership Council, we work to explore how businesses can become part of the solution to climate change while sustaining a growing global economy.
Since 2003, IBM has been actively involved in purchases of renewable energy around the globe. In 2004, 8 percent of the electrical energy purchased in Germany (11,800 MWh) and over 80 percent of the energy purchases in the United Kingdom (193,900 MWh) were from renewable sources. In the U.S., over 14,000 MWh of renewable energy were purchased at Austin, TX, Beaverton, OR, Tucson, AZ, Rochester, MN, and Raleigh, NC. The purchase of the RECs further expands IBM's renewable energy portfolio while allowing IBM to support cost effective, renewable energy generation.