Advanced Energy United Reports

Within just a few years, corporate renewable energy procurement has become a widespread trend, no longer limited to a select number of forward-looking companies. This shift brings some challenges, but also opportunities for economic development, resource diversification, and collaboration between utilities, customers, policymakers, and advanced energy developers. Now, a new report documents the extent of this trend and another explores how states can adjust to—and benefit from—the shifting priorities of Corporate America. 

For many companies, the ability to control energy costs and sources is a key factor when deciding where to locate or expand their operations. Increasingly, companies are specifically seeking opportunities to purchase advanced energy—a choice often backed by an internal sustainability goal or renewable energy target. However, in states across the country, policy or regulatory roadblocks leave companies with few options, if any, to meet their needs. 

A growing majority of the world’s largest corporations have set sustainability targets that involve increased utilization of renewable energy.

These companies have realized that renewable energy investments have a positive impact on the bottom line because they offer a fixed-priced, long-term power supply that protects against rising electricity costs. Meeting these corporations’ sustainability targets will require thousands of additional megawatts (MW) of renewable energy, and represents a tremendous market opportunity.