Less than 5% of commercial roofs have solar in the US. It is less than 1% in the UK; 2.5 billion square metres of wasted opportunity. This could be generating value for asset owners, reducing bills for tenants and cutting carbon emissions. Rooftop solar in the EU could meet 25% of their energy needs.
Electron Green partners with asset holders to profile an entire portfolio, set strategy and deploy solutions at scale. To optimise value and account for individual property characteristics, we offer flexible business models - from solar-as-a-service through to ownership and co-developed hybrids.
Rooftop solar monetises an underused asset, helps to meet ESG and compliance targets, and delivers ‘deep green’ electricity to tenants without capital investment. By adding new green electricity, it is also reducing the national carbon footprints and making a clear and visible leadership statement.
More than 450 firms representing $130 trillion of assets belong to the Glasgow Financial Alliance for Net Zero (GFANZ).
and financial institutions are working with the Science Based Targets initiative (SBTi) to reduce emissions in line with climate science.
Over 350 companies have joined RE100, the energy initiative for businesses to commit to buying 100% renewable electricity by 2050.
In 2019, Amazon co-founded the Climate Pledge - a commitment to achieve net-zero carbon emissions across their business by 2040. Part of this is $2 billion to support development of decarbonising technologies and services, and a pathway to 100% renewable energy by 2025. In 2020, Amazon became the world’s largest corporate purchaser of renewable energy.
Nearly 60% of RE100’s three hundred plus members produce renewable electricity for their own consumption. ‘On-site solar is a tangible asset for businesses to showcase their progressive sustainability strategy to stakeholders, customers, and the energy market. However, investing in onsite solar isn’t just a vanity project. It is a cost-efficient supply of electricity, makes use of un-used space and property, and creates opportunities.
Tesla and Hertz Fleet Hertz’s is investing heavily in electrification with a target of 20% of its vehicle rental fleet to be EVs by the end of 2022, including an initial order of 100,000 Teslas. With the global low carbon movement and tax incentives, there is step change demand to drive electric.