Businesses are driving a lot of the growth in clean energy. That’s because emerging technologies offer a bigger upside to companies that can pay high up-front costs, purchase in bulk and reap the long-term benefits. Corporations can save big by buying solar or wind energy at a low fixed cost through large-scale power purchase agreements. This allows companies to guard against volatility in the fossil fuel market, to say nothing of the reputational perks.
Apple, Google, Microsoft, IKEA and even News Corp, parent company of Fox News, have made enormous investments in renewables. New generating capacity added by corporations has more than doubled every year since 2012, according to the Rocky Mountain Institute. As part of the new campaign, today Facebook pledged to getting 50 percent of its energy from clean sources by 2018. Wells Fargo committed to buying enough renewable energy to power 100 percent of its operations by 2017. Several other influential corporations laid out similar goals. These corporate commitments will push renewables even further, spurring the growth of clean power. Before long, solar panels and electric cars could be just as commonplace as the personal computer. Source: http://www.popsci.com/renewable-energy-is-about-to-boom-thanks-to-new-white-house-initiative
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