Roots Advises and Supplies Fortune-500 Company in Achieving Carbon Reduction Targets
Roots Clean Energy was hired by a Fortune Global 500 Company looking to reduce their Scope-2 emissions in the United States. Headquartered abroad, the US sustainability team was tasked with reducing US emissions.
Starting with their US headquarters in Houston Texas the Company reduced their Scope-2 emissions by purchasing 9,000 Texas Wind Renewable Energy Credits (RECs) from Roots Clean Energy. This total purchase will avoid an estimated 6,287 metric tons of CO2 emissions which is an equivalent to a reduction of:
- 16,080,224 miles driven by an average gas-powered car
- 707,473 gallons of gasoline consumed
- 14,556 barrels of oil consumed.
- 288,833 propane cylinders used for home barbecues.
- 6,929,099 pounds of coal burned.
- 415,067,456 number of smartphones charged.
- 2,183 tons of waste recycled instead of landfilled.
Because of this transaction, the Company is able to meet their publicly stated SBTI goals and reduce their Scope-2 emissions in an affordable and impactful way, while focusing future efforts on additional ways to procure renewable energy and reduce emissions.
Roots Successfully Advises Bentley University on a Historic Renewable Energy Achievement
Bentley University has entered into a transaction to purchase electricity generated by the Kibby Wind Farm located in Maine. This purchase is anticipated to power 100% of expected campus operations through the end of 2027. Roots Clean Energy was the advisor to the University in facilitating this agreement.
Press release including additional deal details to come in the near future.
Roots Partners with Universities to Purchase Renewable Energy and Advance Sustainability on Campus
Roots Clean Energy partners with Northeast Universities and local renewable generators in an effort to reduce the use of fossil fuels and promote sustainability across campuses. Roots creates sustainability plans custom to each university, as well as physically secures the local renewable energy needed to power the campuses. Roots operates as an extension of each sustainability department, incorporating student and faculty feedback throughout the project and beyond.
Inflation Reduction Act (News)
The Inflation Reduction Act (IRA) signed by President Biden on 8/16/2022, will provide roughly 369 billion in funding for climate change related and clean energy initiatives with the goal of reducing carbon emissions 40% by 2030. Industries that will directly benefit from this legislation include – renewable energy, electric vehicles, nuclear power advocates, clean hydrogen & alternative fuels, storage, offshore energy, among others.
This landmark bill will benefit US residents for years to come. Reach out directly to Roots Clean Energy in order to get our comprehensive outline of the bill and our analysis on the affect this change will have on the renewable energy industry and options for corporate off-takers to take advantage.