Walmart, Ørsted and Schneider Electric Announce First Cohort for Renewable Energy Supply Chain Program: Gigaton PPA

  • Amy’s Kitchen, Great Lakes Cheese, Levi Strauss & Co., The JM Smucker Co. and Valvoline Inc. are the first Walmart suppliers to collaborate on aggregate renewable energy under the Gigaton PPA program

  • Combined, the deal will generate the equivalent of 62 MW of new wind capacity

LOUISVILLE, KY/ACCESSWIRE/October 18, 2022/ Walmart Inc., Ørsted and Schneider Electric today announced that they have successfully convened the first cohort of suppliers to participate in Walmart’s Renewable Energy Accelerator: Gigaton PPA.

Amy’s Kitchen, Great Lakes Cheese, Levi Strauss & Co., The JM Smucker Co. and Valvoline Inc. have collaborated to execute a comprehensive renewable energy purchase of Ørsted’s Sunflower Wind Farm located in Marion County, KS. Over the 12-year term of the agreement, the purchase is expected to generate approximately 250,000 MWh per year of new renewable energy or the equivalent of avoiding carbon emissions from more than 458,000 gasoline-powered passenger cars driven for one year or the annual electricity consumption of more than 413,000 homes, according to the EPA’s greenhouse gas equivalency calculator.

The success of the cohort will directly support Walmart’s Project Gigaton™ goal, which aims to reduce or avoid one gigatonne (or one billion metric tons) of greenhouse gas emissions from the global value chain of by 2030. The Gigaton PPA program was jointly developed by Walmart and Schneider Electric in 2020 as part of Project Gigaton™ to increase market access to renewable energy for companies that have historically been limited in their sourcing opportunities. To date, the program has helped more than 250 Walmart suppliers access valuable renewable energy sourcing training.

“It’s very exciting to see these companies come together with their collective buying power to bring clean energy to market and take real action to reduce their carbon emissions,” said Jane Ewing, vice-president. Senior President, Sustainability at Walmart. “We developed Project Gigaton™ to help accelerate our suppliers’ zero emissions efforts and the Gigaton PPA program is a key example of how we are making progress by harnessing the collective to make renewable energy more accessible to more businesses. We are proud of our collaboration with Ørsted, Schneider Electric and this first cohort of valued suppliers.”

A longtime leader in sustainability, Walmart has worked with suppliers, NGOs and climate action leaders to inspire positive change in global value chains since 2005. In its own operations, Walmart has set itself aims to be powered 50% by renewable energy by 2025 and 100% by 2035. reduced or avoided a cumulative 574 million metric tons of carbon emissions since 2017 by adopting various sustainability strategies.

The Sunflower Wind Farm is developed by Ørsted, a renewable energy company that is taking concrete steps to create a world that runs entirely on green energy. The company aspires to have its own carbon-neutral supply chain by 2040 and recently extended its goal of 100% renewable electricity to all suppliers.

“Ørsted welcomes the opportunity to work with Walmart suppliers participating in Project Gigaton and Schneider Electric on this unique initiative that sets the standard for helping companies achieve a sustainable supply chain. in the field of decarbonization, there are no competitors, only partners. Ørsted is delighted to see this type of collaborative agreement growing in the industry,” said Ben Pratt, Vice President and Head of Markets and Revenues at Ørsted.

Schneider Electric, the world’s leading business consultancy on renewable energy sourcing and carbon management, is the Gigaton PPA program manager and has supported Walmart in its development. Schneider also served as an advisor to program participants throughout the PPA procurement and negotiation process. The company has its own ambitious commitment to reduce emissions from its top 1,000 suppliers by 50% by 2025.

“We had the pleasure of working with Walmart, its suppliers and Ørsted on this groundbreaking program,” said Steve Wilhite, president of Schneider Electric’s sustainability business. “Decarbonizing and transitioning our energy system to more sustainable and resilient forms of electricity generation is a crucial challenge for businesses today. I am honored to have played a role in the conceptualization and realization of this program.”

To learn more about the GPPA program and the criteria for participation, visit www.gigatonppa.com.

About Walmart

Walmart Inc. (NYSE: WMT) helps people around the world save money and live better – anytime, anywhere – in retail stores, online and through their mobile devices. Each week, approximately 230 million customers and members visit more than 10,500 stores and numerous e-commerce sites under 46 banners in 24 countries. With revenue of $573 billion in fiscal 2022, Walmart employs approximately 2.3 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting https://corporate.walmart.com, on Facebook at https://facebook.com/walmart and on Twitter at https://twitter.com/walmart.

About Ørsted

Ørsted develops, builds and operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities and bioenergy plants. In addition, Ørsted supplies energy products to its customers. Ørsted is the only energy company in the world to have a science-based goal of net zero emissions, as validated by the Science Based Targets initiative (SBTi), and Ørsted aims to produce a net positive impact on biodiversity from all new energy projects. renewable energy it commands. from 2030 at the latest. Ørsted ranks as the world’s most sustainable energy company in Corporate Knights’ 2022 Index of the World’s 100 Most Sustainable Companies and is recognized on CDP’s Climate Change A-list as a global leader in climate action. Based in Denmark, Ørsted shares are listed on Nasdaq Copenhagen (Orsted). In 2021, the group’s turnover was 77.7 billion DKK (10.4 billion euros). Visit orsted.com or follow us on Facebook, LinkedIn, Instagram and Twitter.

About Schneider Electric

Schneider’s goal is to empower everyone to make the most of our energy and resources, combining progress and sustainability for all. We call it Life Is On.

Our mission is to be your digital partner for sustainability and efficiency.

We drive digital transformation by integrating cutting-edge process and energy technologies, endpoint-to-cloud connection products, controls, software and services across the lifecycle, enabling integrated management of enterprise, for homes, buildings, data centers, infrastructure and industries.

We are the most local of the global companies. We are advocates of open standards and partnership ecosystems who are passionate about our shared values ​​of Meaningful Purpose, Inclusion and Empowerment.

www.se.com

Schneider Electric, Tuesday October 18, 2022, Image from the press release

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Contact information:
Spokesperson: Schneider Electric
Website: http://www.schneider-electric.com/en/about-us/sustainability.jsp
Email: [email protected]

THE SOURCE: Schneider-Electric

See the source version on accesswire.com:
https://www.accesswire.com/720826/Walmart-rsted-and-Schneider-Electric-Announce-First-Cohort-for-Renewable-Energy-Supply-Chain-Program-Gigaton-PPA

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