New Projects, Renewables, Solar

SEIA Report: Walmart, IKEA, Kohl’s, GM among top American companies investing in solar power

Many fortune 100 companies are investing in solar power, according to a new report by the Solar Energy Industries Association (SEIA).

The 3rd annual Solar Means Business report, names Walmart as the top U.S. company, for the third year in a row, investing in solar power. Walmart has installed 105-MW of solar energy throughout 254 locations.

The report names the Top 25 companies investing in solar: Kohl’s, Costco, Apple, IKEA, Macy’s, Johnson & Johnson, Target, McGraw Hill, Staples, Campbell’s Soup, U.S. Foods, Bed Bath & Beyond, Kaiser Permanente, Volkswagen, Walgreens, Safeway, FedEx, Intel, L’Oreal, General Motors, Toys “R” Us, Verizon, White Rose Foods, Toyota and AT&T. Combined, these companies have deployed 569-MW  of solar capacity at 1,100 locations. These numbers show a 28 percent increase compared to the same time last year, and 103 percent increase since 2012.

“The 1,110 commercial solar systems currently in operation are generating enough clean electricity to prevent 549,296 metric tons of damaging carbon emissions from being released into our air. That’s the equivalent of saving nearly 62 million gallons of gasoline,” said SEIA President and CEO Rhone Resch.

Currently, IKEA takes the lead on facilities utilizing solar power, approximately 9 out of 10 stores. General Motors follow at 43 percent.

“Businesses are dealing with higher and more volatile electric rates. At the same time, price declines and financing innovations have reduced the upfront cost of solar. These and other factors make solar a sound business decision today, and consistent policies at the state and federal levels will make solar a top three energy source for the U.S. in the future,” said Nat Kreamer, CEO of Clean Power Finance and SEIA Board Chairman.

The comprehensive report identifies major commercial solar projects and ranks top corporate solar users.

To view the report, click here.