HOUSTON–(BUSINESS WIRE)–Bank of America introduced at present its first 10-year structured renewable vitality settlement for solar energy in Texas. In partnership with Reliant, an NRG Vitality firm, the deal will contribute to Bank of America’s dedication to buy 100% of electrical energy from renewable sources and builds on the corporate’s carbon-neutral efforts. The undertaking will present electrical energy by way of the Electrical Reliability Council of Texas (ERCOT) area to 345 services, which embody workplace websites, monetary facilities and ATMs. Bank of America will obtain each electrical energy and Inexperienced-e®-certified renewable vitality certificates (RECs).
“Supporting utility-scale solar energy projects like this builds on our commitment to responsible growth and reduces our operational impact on the environment,” mentioned Andrew Plepler, world head of Environmental, Social and Governance at Bank of America. “By implementing new and innovative renewable energy structures, we demonstrate our strong commitment to carbon neutrality, secure stable renewable electricity at a favorable cost, and provide an economic and environmental benefit to the communities where we work and live.”
The settlement will provide 160,000 megawatt-hours (MWh) of electrical energy to Bank of America’s Texas operations yearly. The undertaking might be situated in west central Texas and is anticipated to be operational in mid-2022. Within the interim, the bank’s Texas services will obtain electrical energy and Inexperienced-e®-certified RECs from different renewable vitality tasks contracted by NRG.
“Partnering with Bank of America in support of its commitment to carbon neutrality is one of the many ways NRG is putting customers at the center of everything we do,” mentioned Robert Gaudette, senior vice chairman of Enterprise Options at NRG. “Agreements like these, which support renewable development and local communities, reflect a modern approach to retail electricity and are an important part of the transition to a sustainable electricity future.”
Bank of America’s environmental operations dedication
In 2019, the bank introduced the set up of photo voltaic panels on greater than 60 places within the U.S., together with places of work, monetary facilities and ATMs. There are 9 photo voltaic installations at bank services in Texas.
Bank of America achieved carbon neutrality a 12 months forward of schedule and has carried out different vitality environment friendly and renewable vitality efforts. In 2019, the corporate’s whole sourcing of renewable electrical energy was greater than two million MWh, amounting to 100% of its world vitality use – the equal of powering 239,000 houses for one 12 months. In 2019, Bank of America was acknowledged by the U.S. Environmental Safety Company with the EPA Inexperienced Energy Management EPA Inexperienced Energy Management Award for Excellence in Inexperienced Energy Buying. The corporate was additionally named to the CDP Local weather Change A-Checklist.
For extra data on Bank of America’s environmental efforts, go to www.bankofamerica.com/surroundings.
Bank of America
At Bank of America, we’re guided by a typical goal to assist make monetary lives higher, by way of the facility of each connection. We’re delivering on this by way of accountable progress with a concentrate on our environmental, social and governance (ESG) management. ESG is embedded throughout our eight strains of enterprise and displays how we assist gasoline the worldwide financial system, construct belief and credibility, and signify an organization that folks need to work for, spend money on and do enterprise with. It’s demonstrated within the inclusive and supportive office we create for our staff, the accountable services and products we provide our shoppers, and the impression we make all over the world in serving to native economies thrive. An essential a part of this work is forming robust partnerships with nonprofits and advocacy teams, comparable to neighborhood, shopper and environmental organizations, to carry collectively our collective networks and experience to attain higher impression. Study extra at about.bankofamerica.com, and join with us on Twitter (@BofA_News).
At NRG, we’re bringing the facility of vitality to individuals and organizations by placing clients on the middle of every little thing we do. We generate electrical energy and supply vitality options and pure fuel to greater than 3.7 million residential, small enterprise, and business and industrial clients by way of our numerous portfolio of retail manufacturers. A Fortune 500 firm, working in the USA and Canada, NRG delivers progressive options whereas advocating for aggressive vitality markets and buyer alternative, and by working in direction of a sustainable vitality future. Extra data is out there at www.nrg.com. Join with NRG on Fb, LinkedIn and comply with us on Twitter @nrgenergy, @nrginsight.