La-Z-Boy Incorporated, a global leader in residential furniture, has finalized a 10-year resource-backed virtual power purchase agreement (VPPA), extending through the end of 2030, with AEP Energy Partners, a competitive energy subsidiary of American Electric Power. The agreement signifies a meaningful initiative as La-Z-Boy expands its environmental programs in its quest to reduce its carbon footprint.
Climate change is the biggest challenge facing humanity today. It’s global, all-pervasive, and accelerating. The climate change solution, therefore, has to be equally comprehensive: it requires us all – governments, companies, investors, and individuals ─ to deploy not just single-track solutions and long-term pledges, but a whole arsenal of approaches and concrete actions, across multiple fronts ─ now.
At the government level, thankfully, awareness and action have picked up substantially.
Faurecia, one of the world’s leading automotive technology companies, announced that it has signed an exclusive advisory contract with Schneider Electric to procure offsite renewable electricity as part of its CO2 neutral program. Under the agreement, Faurecia will benefit from Schneider Electric’s support in the development and deployment of competitive processes for power purchase agreement sourcing to cover all Faurecia sites in Europe, North America, China and Brazil.
Sir Isaac Newton was at his best when he was working from home. The legend goes that when the polymath stayed at home to avoid the plague of 1665, he discovered the laws of gravity, optics, and invented calculus.