Steelcase Invests In Renewable Energy
At VoxVerde, our servers are powered directly by a solar array. RECs—renewable energy certificates or credits—give companies another way to buy energy from alternative sources. An REC represents 1 MWh of electricity generated from a renewable source. The suppliers of this electricity can use RECs in three ways: to meet states’ renewable energy requirements, to sell to directly to their customers, or—the key for corporate sustainability goals—to trade. Because electricity from traditional and renewable sources is indistinguishable once it’s flowing in the grid, trading RECs makes it possible for companies to buy green power from suppliers anywhere, no matter who their local utility is.
Take Steelcase, the Michigan-based office furniture maker: Two years ago, it helped finance a new wind farm in the Texas panhandle, buying all the RECs the farm would produce for five years through an REC seller in Colorado. The wind farm produces about 20% of the electricity that Steelcase uses in the United States. By buying RECs Steelcase is not just talking the talk, but walking the walk to move closer to its energy use goals: that’s smart—and sustainable—business.