In 2015, GM required 9 terawatt hours of electricity to build its vehicles and power its offices, technical centers and warehouses around the world. To meet its new renewable energy goal, GM will continue to improve the energy efficiency of its operations while transitioning to clean sources for its power needs.
Today GM saves $5 million annually from using renewable energy, a number it anticipates will increase as more projects come online and the supply of renewable energy increases. In addition, the company anticipates costs to install and produce renewable energy will continue to decrease, resulting in more bottom-line returns.
The new renewable energy commitment builds on GM's previous goal to promote the use of 125 megawatts of renewable energy by 2020. The company expects to exceed this when two new wind projects come online later this year to help power four manufacturing operations.
"This bold and ambitious commitment from General Motors will undoubtedly catch the attention of the global automotive industry," said Amy Davidsen, North America executive director at The Climate Group. "GM has already saved millions of dollars by using renewable energy, and like any smart business that recognizes an investment opportunity, they want to seize it fully. We hope that through this leadership, other heavy manufacturing companies will be inspired to make the switch too."
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