Google, Ikea, HP and others prove powering businesses with renewables is possible
Last week, Hewlett Packard (HP), a US-based multinational IT company, pledged to power 100% of its stores solely using renewable energy by 2020. They join a growing list of corporations that have made reaching the goal of 100% renewables within the next decade, including many of the world’s largest business like Google and Ikea.
A combination of cheaper technologies, the costs associated with solar power has dipped more than 50% since 2008, and reducing reliance on energy sources subject to price instabilities are key motivation for corporations. It seems that the transition from an economy powered by fossil fuels to renewables is becoming a natural step for businesses. In one example, the RE100 campaign, which was launched less than two years ago by a coalition of businesses and nonprofits aiming to bring together influential companies from all over the world around the issues of renewables has produced positive results already, the participating organisations have already, on average, utilised renewable energy for 50% of power use.
Perhaps at one time dismissed as a “pipe dream”, large businesses are proving that sources of energy like wind and solar power will be commonplace in the economy, sooner rather than later.