Hewlett-Packard

12 Major Companies Sign Pact to Purchase More Renewable Power

(3BL Media/Justmeans) - Most businesses will tell you that their reason-to-be is to meet their customers’ needs. So when a group of major corporations that use a great deal of energy get together to sign a pact asking their utilities to provide more renewable energy, one would expect utilities to take notice.

That is the rationale behind the Renewable Energy Buyers’ Principles, which focuses on buyers’ unmet demand for more renewable energy. The principles were jointly created by the World Wildlife Fund (WWF) and the World Resource Institute (WRI) to help companies navigate the” increasing complexity and transaction costs” associated with large scale purchases of renewable power.

The twelve companies that signed the agreement are Bloomberg, Facebook, General Motors, Hewlett-Packard, Intel, Johnson & Johnson, Mars, Novelis, Procter and Gamble, REI, Sprint, and Walmart. All of these companies are driving towards carbon neutral operation.

It might be the cart leading the horse, but as Suzanne Apple of WWF says, “These companies are leading the market in creating demand for renewable energy. The Buyers’ Principles provide sound guidance to the market providers. Some of America’s largest companies are embracing renewable energy, and their collective demand requires the market to keep pace.”

The agreement includes a combined renewable energy target of 8.4 million megawatt hours (MWh) per year through 2020. The Buyers’ Principles contain six criteria that should significantly help companies meet these ambitious purchasing goals. These are:

  • Greater choice in procurement options,
  • More access to cost competitive options,
  • Longer- and variable-term contracts,
  • Access to new projects that reduce emissions beyond business as usual,
  • Streamlined third-party financing,
  • Increased purchasing options with utilities.

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A survey published by US Black Engineer & Information Technology magazine lists the corporations and government organizations that are most supportive of America's historically Black engineering schools.

Public-Private Partnership to Foster Economic Opportunity for Tunisia's Youth

A new collaboration will invest $3.3 million to create economic opportunities for young people in Tunisia. The project will leverage small and medium enterprises (SMEs) to foster economic development and promote entrepreneurship within economically vulnerable regions of Tunisia.

Funding Innovation: HP Commits $4 Million in Latest Round of International Collaborative Research Awards

From its humble beginnings in a garage in Palo Alto to becoming the world's largest technology company, HP has proven that collaboration drives innovation—and that means success

Head of the Class: Investing in Female Education Drives Human Development and GDP

HP is the first funder of a scholarship that will help female students around the world get a college degree

"If you want to change the world, invest in an adolescent girl."

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