[INFOGRAPHIC] 5 Major brands using renewable energy
The case for renewable energy goes beyond just environmental benefits--it also has the ability to impact a business’ bottom line.
“Research shows that the most ambitious companies have seen a 27 percent return on their low carbon investments,” said Mark Kenber, CEO of the Climate Group, an independent, not-for-profit organization.
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The following infographic takes a look at five major brands—Microsoft, Sony, Google, Ikea and Walmart—and examines how the companies are doing their part for the environment, as well as revealing what small-and-medium businesses can learn from these major companies in order to benefit from a greener business plan.
Drax advances biomass strategy with Pinnacle acquisition
The Group’s enlarged supply chain will have access to 4.9 million tonnes of operational capacity from 2022. Of this total, 2.9 million tonnes are available for Drax’s self-supply requirements in 2022, which will rise to 3.4 million tonnes in 2027.
The £424 million acquisition of the Canadian biomass pellet producer supports Drax' ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) and will make a "significant contribution" in the UK cutting emissions by 78% by 2035 (click here).
This summer Drax will undertake maintenance on its CfD(2) biomass unit, including a high-pressure turbine upgrade to reduce maintenance costs and improve thermal efficiency, contributing to lower generation costs for Drax Power Station.
In March, Drax secured Capacity Market agreements for its hydro and pumped storage assets worth around £10 million for delivery October 2024-September 2025.
The limitations on BECCS are not technology but supply, with every gigatonne of CO2 stored per year requiring approximately 30-40 million hectares of BECCS feedstock, according to the Global CCS Institute. Nonetheless, BECCS should be seen as an essential complement to the required, wide-scale deployment of CCS to meet climate change targets, it concludes.