- Revolutionary Gigaton PPA program, developed in collaboration with Walmart, recognized as an innovative approach to energy and environmental management
- The Renewable Energy Initiative provides training and aggregated PPAs to Walmart’s US-based suppliers, 84 of which have joined the program since its launch last year.
MISSISSAUGA, ON, July 23, 2021 / CNW / – Schneider Electric, leader in the digital transformation of energy management and automation, today announced that it has received the award for the best project of the year awarded by Environment + Energy Leader for its collaboration in the chain of supply Gigaton PPA (GPPA) in the renewable energy field with Walmart. The GPPA program, a unique aggregated approach to the collective contracting of renewable energies, was recognized by the judges as an exemplary example of the exemplary work carried out in the fields of energy and environmental management.
The transition to renewable energies is one of the main levers for companies to reduce greenhouse gas emissions. The revolutionary GPPA program is a renewable energy initiative that supports Walmart’s Gigaton Project, which aims to avoid one gigaton (one billion metric tons) of carbon dioxide from Walmart’s global value chain by 2030. The GPPA program brings together American suppliers to Walmart to enter the market. for renewable energies as a cohort, democratizing market access and enabling decarbonization and climate action.
An Environment + Energy Leader Awards judge said of the GPPA program: “I would like to be able to give this project a higher rating because it is a game-changer in the world of renewable energies. “
The GPPA program is designed both to educate Walmart’s suppliers about renewable energy supply and to accelerate adoption by giving suppliers who might not otherwise participate in access to power purchase agreements at the same time. scale of public services (PPA). The GPPA program uses Schneider Electric’s NEO Network â¢, a digital collaboration platform and a global community of more than 400 renewable energy buyers and solution providers. Since the launch of the GPPA in September 2020, 84 Walmart vendors have joined the program. To date, around 50 suppliers have completed onboarding trainings and are progressing through the training phase.
âTwo major challenges exist for companies looking to leverage renewable energy for decarbonization: market access and an understanding of the complexities of renewable energy supply. The GPPA program was designed to reduce or eliminate these two obstacles â noted John Powers, Vice President, Global Cleantech and Renewables, Schneider Electric. âOur collaboration with Walmart is a demonstration of how the partnership is paying off in the race against climate change. This award is recognition of how companies can work together to increase access to large-scale supply chain decarbonization solutions.
The Environment + Energy Leader Awards program recognizes excellence in products and services that provide companies with energy and environmental benefits, as well as projects implemented by companies that have improved environmental or energy management and increased their results.
“With a very experienced and critical jury and a strict set of judging criteria, participants faced an extremely high bar to qualify for a prize in 2021”, noted Sarah roberts, Leader Environment + Energy editor.
Building on the success of the GPPA program and other supply chain solutions, Schneider Electric earlier this year announced an enhanced global supply chain decarbonization service designed to help organizations cope with volume. significant emissions in their value chains. Schneider Electric has itself committed to reducing the carbon emissions of its own 1,000 major suppliers by 50% by 2025. The company was recognized in January as the world’s most sustainable company by Corporate Knights.
To learn more about Schneider’s supply chain decarbonization service, visit https://perspectives.se.com/supply-chain-decarbonization. To learn more about the company’s renewable energy consulting services, visit www.se.com/ess.
About the Environment + Energy Leader Awards
For nearly a decade, the Environment + Energy Leader Awards have celebrated excellence in the world of environment, sustainability and energy management. The winners are truly buzz-worthy, and companies that sport a Best Project or Best Product of the Year badge are known to be the best of the best. When other companies are looking for a sustainability or energy management solution, they know that the E + E Product of the Year award winners have a large group of products, verified by experts, to consult for. get help with their decisions. The Project of the Year award winners are known for exemplifying how sustainability and energy management projects can successfully help other businesses improve their bottom line.
About Schneider Electric
Schneider’s goal is to enable everyone to make the most of our energy and resources, by combining progress and sustainability for everyone. We call it Life is on.
Our mission is to be your digital partner for sustainability and efficiency.
We drive the digital transformation by integrating leading-edge process and energy technologies, products, controls, software and endpoint-to-cloud connection services, throughout the lifecycle, enabling management of integrated enterprise, for homes, buildings, data centers, infrastructure and industries.
We are the the most local of global companies. We are advocates of open standards and partnership ecosystems passionate about our Meaningful, inclusive and empowered goal values.
SOURCE Schneider Electric Canada inc.