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COINTURK FINANCE > Business > GM Signs Major Renewable Energy Agreement
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GM Signs Major Renewable Energy Agreement

Overview

  • GM signs a 15-year renewable energy agreement.

  • The deal aids GM's carbon neutrality goal by 2040.

  • NorthStar's Newport Solar project will power three GM assembly plants.

COINTURK FINANCE
COINTURK FINANCE 11 months ago
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General Motors (GM) has announced a significant renewable energy purchase agreement with NorthStar Clean Energy, a subsidiary of CMS Energy, to supply three of its assembly plants. This 15-year agreement is GM’s largest renewable energy deal to date and a crucial step in achieving its carbon neutrality goal by 2040.

Contents
Largest Renewable Energy DealCommitment to Sustainability

Previously, GM committed to powering all its U.S. facilities with renewable energy by 2025, surpassing its earlier target of 2030. The new agreement boosts GM’s renewable energy sourcing to 17 plants across 11 states, making GM the largest buyer of renewable power in the automotive sector. This initiative aligns with broader trends in the automotive industry, where companies are increasingly prioritizing sustainable energy solutions to meet climate goals.

Largest Renewable Energy Deal

The recent deal with NorthStar Clean Energy aims to supply renewable energy from the Newport Solar project in Arkansas. This project will provide electricity to GM’s Lansing Delta Township Assembly and Lansing Grand River Assembly in Michigan, as well as the Wentzville Assembly in Missouri. These efforts are part of GM’s strategy to expand its renewable electricity portfolio and reduce its carbon footprint.

GM’s Director Of Global Energy Strategy, Rob Threlkeld, emphasized the significance of this move, noting:

“By expanding our renewable electricity portfolio, we are taking a major step forward in reducing our carbon footprint and advancing our broader sustainability goals. This facility not only supports our renewable electricity strategy but also demonstrates our dedication to a sustainable future for all.”

Commitment to Sustainability

NorthStar Clean Energy President, Brian Hartmann, highlighted the importance of the collaboration, stating:

“NorthStar is committed to helping our customers reach their sustainability and business goals and the Newport Solar project demonstrates how our approach enables companies like General Motors to achieve both. The collaboration with GM exemplifies our shared obligation to creating a future powered by renewable energy.”

NorthStar’s 180 MW Newport Solar project will add renewable energy directly to the grid, supporting GM’s assembly plants’ electricity needs. This approach not only aids GM in its sustainability efforts but also demonstrates the feasibility of large-scale renewable energy projects in the automotive industry. GM’s actions serve as a model for other companies aiming to transition to renewable energy sources.

This latest agreement underscores GM’s commitment to achieving carbon neutrality by 2040. By steadily increasing its use of renewable energy, GM is setting a precedent in the industry for integrating sustainable practices. The collaboration with NorthStar Clean Energy exemplifies how strategic partnerships can drive significant progress toward environmental goals. As the automotive giant continues to expand its renewable energy portfolio, it remains a leader in the push towards a more sustainable future.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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