Some of the nation's top tech firms, manufacturers and consumer companies are banding together to create a boom in renewable energy purchases throughout corporate America.
The corporate giants and their nonprofit partners on Thursday launched the Renewable Energy Buyers Alliance (REBA), a trade organization that will help companies take advantage of new ways to purchase clean energy. The goal is to support construction of new green power projects by striking renewable energy deals pioneered by companies like Google-parent Alphabet, General Motors and Walmart in recent years.
Under the banner of REBA, these pioneers aim to empower tens of thousands of companies to buy renewable energy in the coming years — increasing the market from roughly 5,000 companies today.
Through last year, companies signed enough corporate renewable deals to support nearly 16 gigawatts of new renewable energy capacity in the U.S. REBA aims to accelerate that activity and grow the market to 60 gigawatts by 2025.
