Dive Summary:
- Wal-Mart plans to procure or produce 7 billion KWh of renewable energy globally every year—a 600% increase from 2010 levels—and the company wants to be 100% clean energy powered by 2020.
- Wal-Mart also plans to cut the energy required per square foot at its stores and buildings by 20% compared to 2010 levels.
- Wal-Mart's two-pronged plan, announced by CEO Mike Duke on Monday, will eliminate the need for two U.S. fossil fuel plants and will create more $1 billion in energy savings once fully implemented.
From the article:
"As part of meeting the company’s goals, Walmart is hoping to install solar power on at least 1,000 rooftops and facilities by 2020. Currently, the company has just more than 200 solar projects in operation or under development. The company will also continue to develop projects in wind power, fuel cells and other technologies as well as procure offsite renewable energy from utility-scale projects." ...
