Renewable energy is dismissed by some as being only for ‘greenies’ or as some kind of fringe technology, but a recent report has shown mainstream Fortune 500 companies are using it to save hundreds of millions of dollars every year. Collectively, they are saving about $1.1 billion dollars, according to the report put out by Ceres, David Gardiner & Associates, Calvert Investments, and World Wildlife Fund (WWF).Some of the companies and their annual savings mentioned are:
UPS ($200 million)
Cisco Systems ($151 million)
PepsiCo ($120 million)
United Continental ($104 million)
General Motors ($73 million).
AT&T has installed 11 MW of renewable energy (as of 2013). Hewlett-Packard purchased 13% of their electricity from renewable sources in 2012. IBM has saved about $477 million from its efforts to conserve energy. Both Wal-Mart and Dell could save about one billion each through similar efforts.
Read more: http://cleantechnica.com/2014/06/30/renewable-energy-saves-fortune-500-companies-1-billion/?utm_medium=referral&utm_source=t.co
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