How Bloomberg, Cox, Gap Inc., Salesforce and Workday Combined Clout to Buy Clean Power
Sometimes, five heads are better than one.
One common concern among corporate energy teams at midmarket businesses is that they don’t procure enough electricity or have enough lawyers to take on the risks of a power purchase agreement. That’s why five companies with varying levels of experience in renewable energy procurement are getting together to contract for about half the generating capacity of a 100-megawatt North Carolina solar farm.
The group, which calls itself the Corporate Renewable Aggregation Group, is a collaboration between media organizations Bloomberg and Cox Enterprises, fashion company Gap Inc. and cloud software firms Salesforce and Workday.
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