Apple, Inc. declared that it has reached its goal of powering all of its facilities with renewable energy, i.e. data centers, offices, and retail stores in 43 countries. A total of 23 suppliers, made a pledge to run their operations on renewable energy such as solar and wind.
Big corporations within the U.S., i.e. Walmart Inc. (NYSE: WMT), Alphabet Inc. (NASDAQ: GOOGL), and Apple, Inc. (NASDAQ: AAPL) have purchased large amounts of renewable energy, pushing its growth. Google had purchased a sizeable amount of renewable energy in 2017 to cover all of its electricity consumption world-wide.
Solar and Wind costs are falling due to advancements in technology as increased production of turbines and panels allow companies to purchase clean power at competitive pricing. “We’re not spending any more than we would have,” Lisa Jackson, Apple’s vice president for environment, policy and social initiatives, said in an interview. “We’re seeing the benefits of an increasingly competitive clean energy market.”
Apple continues to urge suppliers to use more clean energy, claiming that they will have “a leg up” on competitors for Apple’s business, Jackson stated. “We made it clear that over time this will become less of a wish list and more of a requirement,” she said.