Ecolab Investment in Renewable Energy to Source 100% of Company’s European Power Requirements
April 04 2022 - 5:00AM
Business Wire
The Low
Carbon-developed wind farm in Finland will increase Ecolab's global
renewable energy sourcing to nearly 80%
Ecolab Inc., the global leader in water, hygiene and infection
prevention solutions and services, today announced the signing of a
virtual power purchase agreement that will support the construction
and operation of a five-turbine wind farm on the west coast of
Finland.
The M�rknässkogen wind farm, developed by renewable energy
investment and asset management firm Low Carbon, will produce
approximately 100GWh of renewable energy each year, or enough
energy to power more than 29,000 homes. It will reduce potential
greenhouse gases by an estimated 20,900 tonnes and cover 100% of
the electricity Ecolab uses to power all European sites including
15 major offices, 26 manufacturing facilities and seven RD&E
centers. The wind farm is expected to begin operations by the end
of 2023. The project is a further demonstration of how Ecolab is
delivering on bold sustainability goals.
“At a time of increased scrutiny for energy use and net zero
commitments, we are proud to be investing in renewable options that
are good for both Ecolab’s business and our planet,” said Ecolab
Chief Sustainability Officer Emilio Tenuta. “Many of Ecolab’s more
than 47,000 associates globally are supporting our customers on
their net zero transition, and this agreement provides a tangible
example of how to move from commitment to action.”
“We are pleased to partner with a global sustainability leader
in Ecolab to bring additional renewable energy infrastructure to
Finland's already sought-after renewable power mix,” said John
Graves, CIO of the Low Carbon Renewables Fund. “The M�rknässkogen
wind project shows how forward-thinking companies can deliver real
impact when we work together advance a sustainable future.”
Today’s announcement builds on a 2018 Ecolab investment, which
added enough renewable energy sources to cover 100% of the
company’s operations across North America. Combined, the two
agreements will now allow Ecolab to source nearly 80%, up from 58%,
of its power from renewable sources and deliver a significant step
toward the company’s goal of achieving 100% renewable electricity
globally by 2030. This progress puts Ecolab well ahead of schedule
to meet renewable energy guidelines outlined by RE100, a global
corporate initiative focused on achieving 100% renewable
electricity by 2050, of which Ecolab is a member.
For more information on Ecolab’s 2030 Impact Goals and progress
to date, visit
www.ecolab.com/corporate-responsibility/2030-Impact-Goals. For more
information on Ecolab’s commitment to operating sustainably, visit
ecolab.com/corporate-responsibility.
About Ecolab
A trusted partner at nearly three million customer locations,
Ecolab (ECL) is the global leader in water, hygiene and infection
prevention solutions and services that help protect people, planet
and business health. With annual sales of $13 billion and more than
47,000 associates, Ecolab delivers comprehensive science-based
solutions, data-driven insights and world-class service to advance
food safety, help maintain clean and safe environments, optimize
water and energy use, and improve operational efficiencies and
sustainability for customers in the food, healthcare, hospitality
and industrial markets in more than 170 countries around the world.
www.ecolab.com
Follow us on LinkedIn @Ecolab,
Twitter @Ecolab, Instagram @Ecolab_Inc and Facebook @Ecolab.
About Low Carbon
Low Carbon is a leading renewable energy investment and asset
management platform committed to the development and operation of
renewable energy at scale. Low Carbon invests into both renewable
energy developers and projects across a range of renewable energy
technologies including solar PV, wind, energy storage,
waste-to-energy and energy efficiency. Low Carbon, a certified B
Corp, has a proven track record in the development, construction,
financing and management of renewable energy assets and remains
involved in the projects for the long term with a dedicated asset
management team that manages assets on balance sheet and for third
parties. With a significant international renewable energy pipeline
in development, Low Carbon are well-positioned to capitalise on
opportunities as the need for renewable energy and energy security
increases. www.lowcarbon.com
(ECL-C)
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220404005361/en/
Kyle Kapustka Ecolab Media Relations 612-708-4304
MediaRelations@Ecolab.com
Ecolab (NYSE:ECL)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ecolab (NYSE:ECL)
Historical Stock Chart
From Apr 2023 to Apr 2024