The Residence Depot has pledged to supply or buy 100% renewable electrical energy to fulfill the electrical energy wants of all Residence Depot services by 2030, increasing on the corporate’s earlier dedication to supply or buy 335 megawatts of renewable or different vitality in 2025.
Residence Depot introduced that the 100 MW of photo voltaic vitality bought from Nationwide Grid Renewables at its photo voltaic and storage mission in Denton County, Texas (often known as Noble) will generate an estimated equal of almost eight % of whole utilization. of electrical energy at The Residence Depot. The photo voltaic farm is Nationwide Grid Renewables’ largest photo voltaic vitality mission up to now, and its first utility-scale vitality storage mission.
The Residence Depot has pledged to supply or buy 100% renewable electrical energy to fulfill the electrical energy wants of all Residence Depot services by 2030, increasing on the corporate’s earlier dedication to supply or buy 335 megawatts of renewable or different vitality in 2025.
“Photo voltaic vitality is probably the most plentiful vitality useful resource on earth,” mentioned Ron Jarvis, chief sustainability officer of The Residence Depot. “With this buy, we’re getting nearer to our aim of manufacturing or acquiring 100% renewable electrical energy to fulfill the wants of our services. We count on about three-quarters of our different and renewable that vitality capability will come from photo voltaic vitality by the top of 2023.”
Noble is a 275 megawatt (MW) photo voltaic and 125 megawatt hour (MWh) vitality storage mission positioned on the Electrical Reliability Council of Texas (ERCOT). Noble plans to keep away from 450,000 metric tons of carbon dioxide emissions annually throughout operations.
Residence Depot is lowering its carbon footprint by bettering the effectivity of the corporate’s operations and investing in different vitality options. Since 2010, Residence Depot has decreased electrical energy consumption in US shops by 50 % and now operates rooftop photo voltaic farms in additional than 80 shops and gasoline cells that generate electrical energy in additional than 200 shops. .
Residence Depot at the moment purchases solar energy from a 75 MW facility and is beneath contract for an additional 50 MW of photo voltaic capability. The corporate additionally buys vitality from a 50 MW wind facility. Residence Depot expects the mixed annual renewable vitality era from these agreements to be sufficient to energy greater than 500 shops.
For extra data on how Residence Depot is doing its half to maintain operations, go to company.homedepot.com.
About Residence Depot
Residence Depot is the most important residence enchancment retailer on the planet. On the finish of the third quarter of fiscal 12 months 2022, the corporate operated a complete of two,319 retail shops in all 50 states, the District of Columbia, Puerto Rico, the US Virgin Islands, Guam, 10 province of Canada and Mexico. The corporate employs roughly 500,000 associates. Residence Depot inventory is traded on the New York Inventory Trade (NYSE: HD ) and is included within the Dow Jones industrial common and Commonplace & Poor’s 500 index. Residence Depot is #17 on the 2022 Fortune 500.
About Nationwide Grid Renewables
Nationwide Grid Renewables develops and operates massive renewable vitality property throughout the US, together with photo voltaic, wind, and vitality storage. As a farmer-friendly and community-focused enterprise, Nationwide Grid Renewables is repowering America’s electrical energy grid by reigniting native economies and reinvesting in a sustainable, clear vitality future. Nationwide Grid Renewables helps the Nationwide Grid’s imaginative and prescient of being on the middle of a clear, truthful, and reasonably priced vitality future for all. To be taught extra about Nationwide Grid Renewables, go to www.nationalgridrenewables.com or comply with the corporate on Twitter or LinkedIn.
