The U.S. has become a global leader in renewable electricity production. Demand for renewable energy continues to grow – led, in no small part, by corporate investment and development. Business Roundtable CEOs are harnessing America’s renewable energy resources to diversify U.S. energy supplies, enhance U.S. energy security and advance environmental sustainability.
Non-hydropower renewable resources are experiencing rapid growth in the U.S. Wind generation is up more than 2,000% since 2001, while solar generation has increased by more than 1,000% in just five years.
U.S. corporations have been rapidly expanding their renewable procurement and many utilities have announced plans to meet long-term emission reduction goals by diversifying power generation portfolios to include cleaner, low-carbon and renewable fuels. Corporate demand for sourcing renewable power reflects economic and sustainability drivers such as cost certainty, lower renewable pricing, potential tax and environmental benefits, and fulfillment of corporate sustainability targets.
Some of the rapid growth in renewable energy generation has been driven by U.S. businesses demanding that their electricity be generated by low-carbon and sustainable fuels, and corporate contracts for renewable energy have increased sharply over the past five years.
Moreover, corporate innovation in resource recovery, distributed generation, as well as the development of next-generation renewable biofuels are enabling the development of new technologies that could increase energy supplies, reduce emissions and improve efficiencies.
For over a decade, Business Roundtable CEOs have been a leading voice for the business case for sustainability – demonstrating that environmental sustainability and U.S. economic growth can be achieved together. U.S. businesses are making a positive impact toward sustainable outcomes.
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