Thermo Fisher Scientific to Power All Current U.S. Sites With 100 Percent Renewable Electricity
February 02 2023 - 8:00AM
Business Wire
Thermo Fisher’s latest net-zero milestone to be
achieved through 200-megawatt solar project
Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in
serving science, today announced it will power all of the company’s
current U.S. sites with 100 percent renewable electricity by 2026.
The company’s new 20-year virtual power purchasing agreement with
EDF Renewables includes the full output of the 200-megawatt (MW)
Millers Branch Solar project.
The agreement with EDF Renewables will deliver approximately
545,000 MWh of renewable electricity annually from the Millers
Branch Solar project in Texas. This project complements Thermo
Fisher’s previously announced agreement with Enel North America for
the Seven Cowboy wind project. Together, these projects will
provide enough renewable power to match all of Thermo Fisher’s
current U.S. electricity needs.
“Transitioning away from fossil fuels and adopting renewable
energy accelerates our progress toward net-zero carbon emissions by
2050,” said Marc N. Casper, chairman, president and chief executive
officer of Thermo Fisher. “Our agreement with EDF Renewables
further demonstrates our commitment to addressing climate change
and creating a more sustainable world for all—a goal that is deeply
rooted in our Mission to enable our customers to make the world
healthier, cleaner and safer.”
The impact of the company’s U.S. transition to renewable
electricity contributes significantly to Thermo Fisher’s recently
announced commitment to raise its 2030 reduction target for Scope 1
and 2 greenhouse gas emissions—from 30% to 50%, based on a 2018
baseline.1 The new 50% reduction target, announced in December
2022, fulfills Thermo Fisher’s commitment to the Business Ambition
to 1.5˚C campaign and aligns its climate strategy with the Paris
Agreement and its reduction targets with the 1.5˚C pathway.
Thermo Fisher has submitted its climate targets to the Science
Based Targets initiative (SBTi) for validation. SBTi establishes
standards, guidance, and tools to drive ambitious climate action in
the private sector. Thermo Fisher is among the first companies in
its sector to submit net-zero climate targets to SBTi.
The Millers Branch Solar project is expected to be operational
by December 2025. Thermo Fisher was supported by Sustainability
Roundtable Inc.’s Net Zero Consortium for Buyers, a platform
committed to helping corporate buyers with global decarbonization
strategies and favorable renewable energy transactions.
More information about Thermo Fisher’s environmental, social,
and governance progress can be found at
www.thermofisher.com/csr.
About Thermo Fisher Scientific Thermo Fisher Scientific
Inc. is the world leader in serving science, with annual revenue of
more than $40 billion. Our Mission is to enable our customers to
make the world healthier, cleaner and safer. Whether our customers
are accelerating life sciences research, solving complex analytical
challenges, increasing productivity in their laboratories,
improving patient health through diagnostics or the development and
manufacture of life-changing therapies, we are here to support
them. Our global team delivers an unrivaled combination of
innovative technologies, purchasing convenience and pharmaceutical
services through our industry-leading brands, including Thermo
Scientific, Applied Biosystems, Invitrogen, Fisher Scientific,
Unity Lab Services, Patheon and PPD. For more information, please
visit www.thermofisher.com.
1 New target is 50.4%. Both targets from a 2018 baseline.
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Media: Sandy Pound 781-622-1223 sandy.pound@thermofisher.com
Investors: Rafael Tejada 781-622-1356
rafael.tejada@thermofisher.com
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