RELEASE: AMD, Akamai, Gap Inc., Lockheed Martin, Saunders Hotel Group, VF Corp, and VMware Sign on to Renewable Energy Buyers’ Principles

principlesmarketcap051316_34
58 companies now represent nearly 44 million MWh of renewable energy demand by 2020 — enough to power over 4 million US homes.

Thursday May 19, 2016 — Seven more companies have signed on to the Renewable Energy Buyers’ Principles, which tell utilities and other suppliers what industry-leading, multinational companies are looking for when buying renewable energy from the grid.

By joining the principles, AMD, Akamai, Gap Inc., Lockheed Martin, Saunders Hotel Group, VF Corp, and VMware are adding their voices to an urgent conversation going on across America to develop renewable energy solutions and solve the challenge of climate change.

They are joining the principles at the kick-off of the 2016 Renewable Energy Buyers Alliance Summit, which starts today at Microsoft HQ in Redmond, WA. At the Summit, over 60 iconic companies are coming together with utilities, developers, service providers and non-governmental organizations for a two-day interactive conference focused on expanding the market for utility-scale renewable energy.

The Renewable Energy Buyers’ Principles is a joint initiative between World Resources Institute and World Wildlife Fund and is one of the signature initiatives of the Renewable Energy Buyers Alliance (REBA).

REBA is led by 4 non-governmental organizations — BSR (Business for Social Responsibility), Rocky Mountain Institute, World Resources Institute and World Wildlife Fund. REBA powers multinational companies to transform electricity systems with renewable energy. The alliance aims to help facilitate and deploy 60 gigawatts (GWs) of new corporate renewable energy in the United States by 2025. Each of the four organizations that make up the coalition addresses a different aspect of the needs of U.S. businesses looking to secure renewable energy.

The Buyers’ Principles is one of those initiatives and offers practical solutions for utilities, regulators and service providers to help them create the products their customers need to meet their renewable energy goals.

To learn more about the Buyers’ Principles, email info@buyersprinciples.org. To find out more about REBA and get involved, visit REBuyers.org.