As a Member of RE100, Bloomberg Has Pledged to Obtain 100% of Our Electricity From Renewable Sources by 2025

Read more about our progress in our 2017 Impact Report
May 17, 2018 9:35 AM ET
Multimedia with summary
Rainwater

Bloomberg began investigating renewable energy projects in 2008; our first project, a 1.8MW solar installation in New Jersey, began providing us with energy in 2012. We currently obtain energy from five on- and off-site solar and wind sites. Our newest installation is a 5MW wind farm in Hidalgo, Texas, which started providing us with energy in 2017.

In 2017, we received more than 11% of our energy from renewable sources, up from 2% in 2016, driven primarily by the addition of the Hidalgo site. Our renewable energy projects reduced our 2017 operating expenses by $77,000. To date, our renewable projects have generated more than 37,000 megawatt hours of energy and saved Bloomberg $1.2 million.

Click here to read more about Bloomberg's renewable energy strategy and progress towards our RE100 goal of 100% renewable energy by 2025.

Click here to read the 2017 Bloomberg Impact Report.