Environment
Sourcing More Clean Energy for the Future
Environment
Sourcing More Clean Energy for the Future
By Sara Cronenwett
|
Mar 26, 2024
At Comcast, we remain focused on our goal to be carbon neutral by 2035 in Scope 1 and 2 emissions.
With purchased electricity accounting for the majority of our emissions, we are continuing to invest in clean and renewable energy to power our operations and network – both today, and long into the future.
Our clean energy strategy incorporates a range of sourcing solutions across the regions in which we operate, prioritizing investments that bring additional capacity to the grid.
As an enterprise, we first focus on sourcing clean energy from new, long-term direct and virtual power purchase agreements that will help meet the future energy needs of our growing business. We’re also working with utility companies in the regions we operate to secure more clean energy from new planned developments or existing green tariff and retail products.
A majority of these contracts support construction of new, large-scale wind and solar projects that will help grow local clean economies from California to Maine and the UK.
In 2023 alone, we signed new wind and solar agreements that, when the projects are completed, will total more than 840,000 MWh per year, bringing our current contracted total to 1.2 million MWh per year – equivalent to avoiding the emissions of 100,000 homes’ electricity use for a year1. This represents roughly 25% of our projected 2026 energy load, when these projects are expected to come online.
Our businesses are also continuing to invest in onsite solar. Since the start of 2023, NBCUniversal has had 2.75 MW of new onsite solar projects completed or under construction including installations at Universal Orlando Resort in Florida, the Universal Studios Lot in California, Universal Studios Japan in Osaka, and local NBC and Telemundo stations in Washington D.C.
Our holistic approach supports the diverse and growing market for clean and renewable energy, along with the broader clean economy. It also provides our customers with more sustainable connectivity, platforms, content, and experiences, as our expanding clean energy portfolio will increasingly reduce the carbon footprint of our network, studios, theme parks, and offices.
It’s all part of our vision for a greener, cleaner future.
Forward-Looking Statements
This communication includes estimates, projections and statements regarding plans and goals that may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. For more information on these statements, please see https://corporate.comcast.com/impact/environment/forward-looking-statements.
1 Source: https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator
