Clean Energy Powers American Business


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Corporations purchased more clean energy in 2022 than any previous year, which is driving up demand for American clean energy and accelerating the clean energy transition.

As of the end of 2022, 326 companies have purchased more than 77 gigawatts (GW) of domestic clean energy – enough to run over 1,000 data centers. Of that, 36 GW is operating, accounting for 16% of all clean power operating capacity in the U.S. 

Companies have purchased enough clean energy to run over 1,000 data centers. That is enough energy to power all of Meta’s data centers 50 times over.

Purchasing clean energy is both economically and environmentally beneficial for corporations. Over the past decade, wind and solar prices have dropped dramatically, which has led to a 100 times increase in corporate clean power procurement over the past decade. During that same period, solar and wind costs have decreased 71% and 47% respectively, making both more attractive to corporate energy buyers. American companies are benefiting from – and contributing to – the affordability of clean power. 

Securing power from clean energy sources allows companies to strive toward reaching sustainability targets, reduce emissions, and secure low-cost electricity that offers protection from fossil fuel price fluctuations. That’s why the number of companies announcing clean power purchases each year has increased dramatically, from three in 2012, to a peak of 65 in 2021, to 48 in 2022. 

ACP’s Clean Energy Powers American Business report dives into the top buyers of clean power in 2022, technology-specific trends, industry and company size breakouts, progress towards RE100 goals, top states for corporate procurement, PPA pricing, community benefits, and much more.  

Get the top insights from the report by interacting below with the key statistics from the report. 

How do Companies Purchase Clean Energy?

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While some companies opt to build clean power facilities on site—such as adding solar panels to roofs— many are looking to purchase utility-scale clean power from the electric grid. Companies purchase clean energy through two primary mechanisms: power purchase agreements (PPAs) and green tariffs.

PPAs account for 80% of corporate contracted capacity, making them the most common offtake mechanism used by corporations. A PPA is a long-term contract where an entity, such as a corporation, agrees to purchase electricity from a renewable energy generator who owns, operates, and maintains the wind, solar, or battery storage project. This allows the customer to buy electricity and renewable energy credits from a clean power project without having to deal with the risks of owning and operating the project themselves. It also provides both parties with price certainty and stability.

PPAs account for 80% of corporate contracted capacity, making them the most common offtake mechanism used by corporations.

Green tariffs make up 12% of the total capacity corporations have contracted in the United States. Green tariffs are a price structure offered by utilities that allow customers to source electricity from clean energy projects. These work similarly to a PPA except that the green tariff is done through the company’s utility.

Regardless of the offtake mechanism used, corporations are purchasing clean power from projects located across the country, allowing them to reduce their carbon emissions while supporting more clean power on the grid.

Corporations are Purchasing Clean Energy in Record Numbers

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Companies across all sectors in the United States are purchasing wind, solar and energy storage

A growing number of the nation’s leading companies are purchasing wind, solar and energy storage in America, which in turn drives demand for clean energy, lowers companies’ carbon footprints, and gives consumers the added benefit of knowing that the products and services they are purchasing are powered by clean energy. 

A total of 326 companies have contracted 77 GW of clean energy as of the end of 2022—that’s enough clean energy to power over 1,000 data centers. For comparison, Meta has 17 data centers in the United States.

Companies Procuring U.S. Clean Energy

Top Corporate Buyers of Clean Energy

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Top Corporate Buyers of Clean Energy

Amazon is the top corporate purchaser of clean energy, with nearly 12.4 GW contracted in the U.S.  Meta comes second with 8.7 GW contracted. Google rounds out the top three top corporate buyers of clean energy with 6.2 GW contracted. 

There are 106 companies with 100 MW of clean power or more contracted in the United States. Twenty-four companies have 500 MW or more contracted, and only 10 companies have a gigawatt or more contracted.

Nearly half of corporate clean power is online and powering company operations for the 267 companies purchasing operational clean power. 

Meta leads the pack with 4.8 GW of operating contracted clean power capacity. Only 21% of Amazon’s contracted capacity is operating. 

Day Powered by Clean Energy

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Day Powered by Clean Energy

Power your breakfast using clean energy

An increasing number of food and beverage companies are signing on to clean power contracts. From fast foods to cereal and that important morning cup of coffee, there is a good chance that the food and drinks you consume during your breakfast are powered by clean energy.

Learn how leading companies are using renewable energy:

A clean-powered commute

Even if you don’t have an electric vehicle, automakers are increasingly using clean power to build and manufacture vehicles. That gives you the wind at your back and at the wheel, whether cruising down the open road or on your daily commute.

Learn how leading companies are using renewable energy:

Power your computer with clean energy

Fire up the laptop to start your workday knowing that the companies you rely on buy and power operations using clean energy. Many leading companies use wind and solar power to help power their data centers and offices around the country.

Learn how leading companies are using renewable energy:

Lunch break brought to you by clean power

It’s midday and time for a lunch break powered by clean energy. McDonald’s is the first quick service restaurant company to purchase wind energy to power its location and PepsiCo sources 100% renewable energy for its direct U.S. operations. Grab a bite knowing that food and beverage companies are leveraging clean energy to bring you the products that you love.

Learn how leading companies are using renewable energy:

A clean powered banking trip

Banks are important for managing our money and financing our businesses and educations. As an added bonus, many banks are now choosing to be powered by clean energy.

Learn how leading companies are using renewable energy:

Purchase essentials at stores using clean energy

The products and services you use every day are increasingly powered by clean energy because wind and solar’s low costs and stable prices are good for the bottom line and the environment. The next time you purchase your favorite brand, find out if it is powered by clean energy.

Learn how leading companies are using renewable energy:

A clean-powered happy hour to plan a trip

Everyone loves a getaway, and now we can enjoy it knowing that our adventures are clean energy powered.  Whether you’re setting off on a cruise, enjoying family fun at an amusement park, skiing in the mountains or hitting the slots or tables at a casino, know your fun is made possible by clean energy.

Learn how leading companies are using renewable energy:

Surf the web using clean powered networks

Technology companies, which have become an ever-more important part of our lives, were quick to jump on the clean energy bandwagon. Technology producers, phone carriers, social media platforms and data centers are all using clean energy to power their businesses.

Learn how leading companies are using renewable energy:

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Clean Power Across Industries

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Clean power across industries

Top Companies by Industry

Technology sector

Different industries adopt clean energy at varying rates. Some industries have purchased clean energy for more than 15 years, while others are more recent adopters. Industries also have different electricity demands, therefore requiring different levels of procurement to meet renewable electricity targets. 

The technology industry is the largest industry buyer of clean power, contracting almost half (48%) of the 77 GW bought by companies. 

Corporate Purchases of Clean Energy by the Technology Sector

Amazon, with 12.4 GW procured, accounts for 34% of capacity procured by the tech industry in the U.S. Meta follows with over 8.6 GW of procurement, and Google ranks third with nearly 6.2 GW procured. Twenty-four other technology companies, including Microsoft and Apple, are procuring U.S. clean energy.

Energy Sector

The energy industry has the second most clean power capacity contracted at 6.7 GW. Between 2018 and 2022, the rate of procurement increased to nearly 1.3 GW on average each year. Shell leads the 35 energy companies buying clean power with 1.2 GW announced. 

The oil, petroleum and gas industries now have contracts in place for 4 GW of clean energy, accounting for 60% of total capacity contracted by energy companies.

Corporate Purchases of Clean Energy by the Energy Sector

Telecommunications Sector

After making their first clean power procurement announcements in 2015, the telecommunications industry is rapidly increasing procurement activity. Between 2018 and 2022, the industry announced an average of more than 1.2 GW of new clean power procurement annually. In 2022, the industry announced a record 1.7 GW of new contracts. In total, telecommunication companies have contracts for 6.3 GW of clean power. 

Corporate Purchases of Clean Energy by the Telecommunications Sector

Food and Beverage Sector

A large volume of food and beverage companies, (44), are procuring clean power within the U.S. McDonald’s leads the charge with nearly 1.7 GW of capacity procured. Cargill Inc. and PepsiCo rank second and third within the industry with 490 MW and 430 MW, respectively, of clean power capacity procured.


Corporate Purchases of Clean Energy by the Food and Beverage Sector

Corporate Purchases Span the Nation

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Corporations are purchasing clean power across the nation

Communities across the nation are benefiting from clean power projects, thanks in part to corporate buyers of clean energy.  Corporations often choose to contract with clean power projects close to where their data centers, warehouses, or other operations are located. Because of the expansive geographic footprint of some corporations, many have clean power portfolios spanning multiple states. There are 540 clean energy projects with a corporate buyer spread across 49 states, DC, and Puerto Rico.

Texas leads the nation in hosting the most clean power projects contracted to C&I buyers. Texas accounts for 35% of contracted capacity and 20% of projects. Seventeen states have more than 1 GW of clean power contracted to corporate buyers, 27 states have 500 MW or more, and 37 states have 100 MW or more contracted.

Annual Procurements Soar

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Procurement of clean energy by U.S. corporations has increased rapidly over the past decade. Between 2012 and 2022, corporate buyers of clean power increased total procured capacity by an average of 73% each year. Annual announcements first surpassed a gigawatt in 2014, and then surpassed 8 GW in 2018. In 2022, corporate buyers have announced a record 19.6 GW of clean power purchases, more than 4 GW higher than any other year.  

C&Is account for 16% of operating clean power in the U.S.

Corporate demand for clean and sustainable energy to power operations is a key driver in wind, solar, and battery storage development. C&I customers have contracts in place with 36 GW of the more than 220 GW of operating clean power capacity. That means 16% of clean power is flowing to companies as of the end of 2022. 

Community Benefits of Corporate Purchases of Clean Power

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Clean power supports cleaner & healthier communities

Millions of Gallons of Water Saved by Corporate Contracted Projects

A graph showing the millions of gallons of water avoided by using clean energy.

Clean power technologies are critical solutions for reducing greenhouse gas emissions and combating climate change. Wind and solar power produce zero carbon emissions, the greenhouse gas primarily responsible for climate change.  Clean power projects with a corporate buyer in place avoid emitting nearly 47 million metric tons of carbon dioxide per year. This is equivalent to the emissions from 10 million gasoline-powered passenger vehicles driven for one year or driving more than 116 billion miles in your average car. 

Clean power also saves water because it does not require cooling like conventional power plants. Corporate contracted clean power saves nearly 25 billion gallons of water – equivalent to 3 billion 16-ounce water bottles. 

A graphic of different chemical compounds.

Clean power supports economic opportunity

Clean power projects play an important role in supporting local communities via capital investment, job creation, tax payments, and lease payments to landowners. Corporate buyers are purchasing 36 GW of operating clean power in the U.S. Those projects represent $55 billion in capital investment. Investment in clean energy is an important driver of economic development, particularly in rural areas.

Wind, solar, and battery storage projects supplying corporate buyers deliver an estimated $290 million in localized payments, including $143 million in state and local tax payments, and $147 million in land lease payments each year. Land lease payments provide a reliable income source for landowners, while state and local tax payments go towards funding everything from road maintenance to local schools.



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