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PepsiCo Purchases Record Amount of Renewable Energy

May 08, 2007

Source: PepsiCo

On April 30th, PepsiCo announced that the company will purchase over one billion kilowatt hours of renewable electricity each year for the next three years. This purchase will cover 100 percent of the electricity consumed by PepsiCo US-based manufacturing facilities, headquarters, distribution centers, and regional offices. With this purchase PepsiCo tops EPA's list of green power purchasers.

 

PepsiCo is partnering with Sterling Planet on the purchase of the Renewable Energy Credits (RECs). Sterling Planet, a leading retail provider of renewable energy, is identifying and acquiring the RECs for PepsiCo. The company will seek to source the RECs to model PepsiCo's purchased electricity use geographically. 

 

The Green-e program, administered by the Center for Resource Solutions (CRS), will certify that the RECs meet stringent environmental guidelines and will verify that the renewable energy credits being purchased for PepsiCo are retired on PepsiCo's behalf.

 

PepsiCo, which formed its Environmental Task Force in 2001, and its divisions are actively involved in a variety of environmental initiatives and have been recognized for their efforts. For example, Frito-Lay and Gatorade operate two LEED GOLD certified facilities. Tropicana's Ft. Pierce facility has partnered with St. Lucie County to burn landfill gas, a renewable energy source that displaces the use of natural gas, in its boiler.

 

Earlier this year PepsiCo was recognized as ENERGY STAR Partner of the Year for outstanding energy management and reductions in greenhouse gas emissions. PepsiCo's Frito-Lay North America division received the award in 2006.

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