The 50 U.S. Companies Using the Highest Percentage of Green Energy
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Ranked: The 50 Companies That Use the Highest Percentage of Green Energy

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The 50 Companies Using the Highest Percentage of Green Energy

Which Companies Use the Most Green Energy?

Green energy was once a niche segment of the wider energy industry, but it’s quickly becoming an essential energy source in many regions and nations across the globe.

Based on data from the Environmental Protection Agency (EPA), this infographic by SolarPower.Guide shows the top 50 greenest companies, based on the highest proportion of green energy used in their overall consumption mix.

Leaders in Green Energy Use

As green energy becomes more affordable, some major businesses like Google, Wells Fargo, and Apple are embracing it in a big way.

It also helps that institutional investors are nudging companies in that direction anyways, especially as they become more focused on incorporating environment, social and governance (ESG) into their portfolios.

Here are the top 15 U.S. companies that use the highest percentage of green energy:

RankCompanyGreen Power useAnnual Green Power Use (kWh)
#1The Estee Lauder Companies Inc.139%91,843,084
#2Voya Financial120%40,000,000
#3BNY Mellon113%268,000,000
#4Sephora112%112,323,000
#5Bank of America109%1,855,505,589
#6Church & Dwight Co.107%159,445,000
#7Google LLC106%7,492,567,647
#8The Hartford Financial Services Group106%68,835,000
#9Wells Fargo105%1,843,545,975
#10Equinix104%2,360,296,352
#11State Street Corp.104%158,991,503
#12Aldi103%984,430,521
#13Apple Inc.101%2,202,581,271
#14Starbucks101%1,119,392,000
#15TD Bank101%210,209,954

Note: The values reflect the amount of green power as a percentage of a company’s total electricity use. Companies that purchase green power exceeding their total organization-wide electricity use will show a value greater than 100%.

Green Energy vs. Renewable Energy

The term “green energy” is often met with confusion by some and is sometimes just referred to as “renewables” by others. So, what is green energy, and how is it different from other sources of renewable energy?

Green energy is a subset of renewable energy and represents those energy sources and technologies that provide the highest environmental benefit. The EPA defines green power as electricity produced from solar, wind, geothermal, biogas, eligible biomass, and low-impact small hydroelectric sources.

Other renewable types of energy exist, but may not be considered fully green, at least as the EPA defines it. For example, while massive hydro projects provide a renewable source of energy, they can also have big impact on the environment. Same goes for non-eligible biomass—a category which includes biomass that may not be close to carbon-neutral.

Climate Commitments

In addition to the use of green power for operations, major companies are also looking at the bigger picture and setting targets to achieve carbon neutrality.

Here are a few of the major companies that have made climate commitments in the near future:

CompanyCommitmentBy Year
AppleNet Zero Carbon Emission2030
IkeaClimate Positive2030
Burger KingNet Zero Operations2030
MicrosoftNet Zero Carbon Emission2030
BBCNet Zero Carbon Emission2030
FacebookNet Zero Value Chain2030
VerizonNet Zero Carbon Emission2035
UnileverNet Zero Carbon Emission2039
Pepsi Co.Net Zero Carbon Emission2040
BPNet Zero Carbon Emission2050

This will undoubtedly impact their overall consumption and the energy mix in the years to come.

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Energy

Charted: 40 Years of Global Energy Production, by Country

Here’s a snapshot of global energy production, and which countries have produced the most fossil fuels, nuclear, and renewable energy since 1980.

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The Biggest Energy Producers since 1980

Energy was already a hot topic before 2022, but soaring household energy bills and a cost of living crisis has brought it even more to the forefront.

Which countries are the biggest energy producers, and what types of energy are they churning out? This graphic by 911 Metallurgist gives a breakdown of global energy production, showing which countries have used the most fossil fuels, nuclear, and renewable energy since 1980.

All figures refer to the British thermal unit (BTU), equivalent to the heat required to heat one pound of water by one degree Fahrenheit.

Editor’s note: Click on any graphic to see a full-width version that is higher resolution

1. Fossil Fuels

Biggest Producers of Fossil Fuel since 1980

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While the U.S. is a dominant player in both oil and natural gas production, China holds the top spot as the world’s largest fossil fuel producer, largely because of its significant production and consumption of coal.

Over the last decade, China has used more coal than the rest of the world, combined.

However, it’s worth noting that the country’s fossil fuel consumption and production have dipped in recent years, ever since the government launched a five-year plan back in 2014 to help reduce carbon emissions.

2. Nuclear Power

Biggest Producers of Nuclear Energy since 1980

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The U.S. is the world’s largest producer of nuclear power by far, generating about double the amount of nuclear energy as France, the second-largest producer.

While nuclear power provides a carbon-free alternative to fossil fuels, the nuclear disaster in Fukushima caused many countries to move away from the energy source, which is why global use has dipped in recent years.

Despite the fact that many countries have recently pivoted away from nuclear energy, it still powers about 10% of the world’s electricity. It’s also possible that nuclear energy will play an expanded role in the energy mix going forward, since decarbonization has emerged as a top priority for nations around the world.

3. Renewable Energy

Biggest Producers of Renewable Energy

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Renewable energy sources (including wind, hydro, and solar) account for about 23% of electricity production worldwide. China leads the front on renewable production, while the U.S. comes in second place.

While renewable energy production has ramped up in recent years, more countries will need to ramp up their renewable energy production in order to reach net-zero targets by 2050.

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Energy

What is the Cost of Europe’s Energy Crisis?

As European gas prices soar, countries are introducing policies to try and curb the energy crisis.

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What is the Cost of Europe’s Energy Crisis?

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Europe is scrambling to cut its reliance on Russian fossil fuels.

As European gas prices soar eight times their 10-year average, countries are introducing policies to curb the impact of rising prices on households and businesses. These include everything from the cost of living subsidies to wholesale price regulation. Overall, funding for such initiatives has reached $276 billion as of August.

With the continent thrown into uncertainty, the above chart shows allocated funding by country in response to the energy crisis.

The Energy Crisis, In Numbers

Using data from Bruegel, the below table reflects spending on national policies, regulation, and subsidies in response to the energy crisis for select European countries between September 2021 and July 2022. All figures in U.S. dollars.

CountryAllocated Funding Percentage of GDPHousehold Energy Spending,
Average Percentage
🇩🇪 Germany$60.2B1.7%9.9%
🇮🇹 Italy$49.5B2.8%10.3%
🇫🇷 France$44.7B1.8%8.5%
🇬🇧 U.K.$37.9B1.4%11.3%
🇪🇸 Spain$27.3B2.3%8.9%
🇦🇹 Austria$9.1B2.3%8.9%
🇵🇱 Poland$7.6B1.3%12.9%
🇬🇷 Greece$6.8B3.7%9.9%
🇳🇱 Netherlands$6.2B0.7%8.6%
🇨🇿 Czech Republic$5.9B2.5%16.1%
🇧🇪 Belgium$4.1B0.8%8.2%
🇷🇴 Romania$3.8B1.6%12.5%
🇱🇹 Lithuania$2.0B3.6%10.0%
🇸🇪 Sweden$1.9B0.4%9.2%
🇫🇮 Finland$1.2B0.5%6.1%
🇸🇰 Slovakia$1.0B1.0%14.0%
🇮🇪 Ireland$1.0B0.2%9.2%
🇧🇬 Bulgaria$0.8B1.2%11.2%
🇱🇺 Luxembourg$0.8B1.1%n/a
🇭🇷 Croatia$0.6B1.1%14.3%
🇱🇻 Lativia$0.5B1.4%11.6%
🇩🇰 Denmark$0.5B0.1%8.2%
🇸🇮 Slovenia$0.3B0.5%10.4%
🇲🇹 Malta$0.2B1.4%n/a
🇪🇪 Estonia$0.2B0.8%10.9%
🇨🇾 Cyprus$0.1B0.7%n/a

Source: Bruegel, IMF. Euro and pound sterling exchange rates to U.S. dollar as of August 25, 2022.

Germany is spending over $60 billion to combat rising energy prices. Key measures include a $300 one-off energy allowance for workers, in addition to $147 million in funding for low-income families. Still, energy costs are forecasted to increase by an additional $500 this year for households.

In Italy, workers and pensioners will receive a $200 cost of living bonus. Additional measures, such as tax credits for industries with high energy usage were introduced, including a $800 million fund for the automotive sector.

With energy bills predicted to increase three-fold over the winter, households in the U.K. will receive a $477 subsidy in the winter to help cover electricity costs.

Meanwhile, many Eastern European countries—whose households spend a higher percentage of their income on energy costs— are spending more on the energy crisis as a percentage of GDP. Greece is spending the highest, at 3.7% of GDP.

Utility Bailouts

Energy crisis spending is also extending to massive utility bailouts.

Uniper, a German utility firm, received $15 billion in support, with the government acquiring a 30% stake in the company. It is one of the largest bailouts in the country’s history. Since the initial bailout, Uniper has requested an additional $4 billion in funding.

Not only that, Wien Energie, Austria’s largest energy company, received a €2 billion line of credit as electricity prices have skyrocketed.

Deepening Crisis

Is this the tip of the iceberg? To offset the impact of high gas prices, European ministers are discussing even more tools throughout September in response to a threatening energy crisis.

To reign in the impact of high gas prices on the price of power, European leaders are considering a price ceiling on Russian gas imports and temporary price caps on gas used for generating electricity, among others.

Price caps on renewables and nuclear were also suggested.

Given the depth of the situation, the chief executive of Shell said that the energy crisis in Europe would extend beyond this winter, if not for several years.

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