General Motors Hits U.S. Renewable-Energy Goal 25 Years Early

By Colin Kellaher

General Motors Co. on Wednesday said it has finalized sourcing agreements that will allow the automaker to power all of its U.S. facilities with renewable energy 25 years ahead of its initial goal.

GM said that based on current projections, it has secured enough renewable energy for all of its U.S. location by 2025, in line with an accelerated target it announced in September 2021 and 25 years ahead of the initial target of 2050 the Detroit company set in 2016.

GM said its renewable-energy portfolio now includes sourcing agreements from 16 plants across 10 states, adding that it has already realized positive cash flows from the portfolio and expects to continue to do so.

GM said it expects to avoid the production of an estimated 1 million metric tons of carbon emissions between 2025 and 2030, equal to the emissions produced by burning 1 billion pounds of coal.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

October 26, 2022 11:28 ET (15:28 GMT)

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