Kraft Heinz Inks Deal with BHE Renewables to Invest in Renewable Energy to Help Power U.S. Operations
29 Junho 2022 - 11:15AM
Business Wire
Virtual power purchase agreement helps position
Company to achieve global environmental stewardship goal of
procuring the majority of electricity from renewable energy sources
by 2025
The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz” or the
“Company”) today announced a virtual power purchase agreement
(“vPPA”) with BHE Renewables, a Berkshire Hathaway Energy business,
for its operations within the United States, which make up the
largest part of the Company’s North America Zone. This agreement is
designed to enable Kraft Heinz to achieve its aspiration of
procuring the majority of its electricity from renewable sources by
2025, a key focus area of the Company’s net-zero emissions
plans.
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The Kraft Heinz Company today announced a
virtual power purchase agreement with BHE Renewables, a Berkshire
Hathaway Energy business, for its operations within the United
States, which make up the largest part of the Company’s North
America Zone. This agreement is designed to enable Kraft Heinz to
achieve its aspiration of procuring the majority of its electricity
from renewable sources by 2025, a key focus area of the Company’s
net-zero emissions plans. (Photo: Business Wire)
“As one of the world’s largest food and beverage companies, we
are committed to contributing to global efforts to reduce the
ongoing threat of climate change," said Kraft Heinz CEO and Board
Chair Miguel Patricio. “In 2020, we committed to buy the majority
of our electricity from renewable sources by 2025. This agreement
with BHE Renewables helps put us on track to accomplish that
aspiration and brings us one step closer to achieving net zero
emissions by 2050.”
By the end of 2022, Kraft Heinz plans to purchase enough
renewable energy from BHE Renewables to offset more than 15 percent
of the energy usage at its U.S. manufacturing sites; and by the end
of 2025, this amount is expected to increase to approximately 60
percent. The renewable energy is planned to come from BHE
Renewables’ 158-megawatt Gopher Creek wind farm in Scurry County,
TX.
“We are proud to support Kraft Heinz as it carries out its
commitment to create a more sustainable environment,” said Steve
Rowley, Vice President, Renewable Development and Energy Markets at
BHE Renewables. “Kraft Heinz has an ambitious goal to achieve net
zero greenhouse gas emissions, and we look forward to working with
them to meet their renewable energy needs.”
This agreement is the latest in a series of renewable energy
initiatives by the Company, including solar projects at three Kraft
Heinz manufacturing sites in China – Qingdao, Foshan, and Shanghai
– which are expected to prevent approximately 2,000 tons of carbon
dioxide from entering the atmosphere each year for the next two
decades. These initiatives also include Kraft Heinz’s recent vPPA
with Repsol in Spain.
Kraft Heinz continues to prioritize environmental stewardship by
pursuing renewable energy opportunities around the world through
utility-scale power purchase agreements (PPAs) and vPPAs.
Download the latest ESG report to learn more about Kraft Heinz’s
climate ambitions and progress at
www.kraftheinzcompany.com/esg.
About The Kraft Heinz Company
We are driving transformation at The Kraft Heinz Company
(Nasdaq: KHC), inspired by our Purpose, Let’s Make Life Delicious.
Consumers are at the center of everything we do. With 2021 net
sales of approximately $26 billion, we are committed to growing our
iconic and emerging food and beverage brands on a global scale. We
leverage our scale and agility to unleash the full power of Kraft
Heinz across a portfolio of six consumer-driven product platforms.
As global citizens, we’re dedicated to making a sustainable,
ethical impact while helping feed the world in healthy, responsible
ways. Learn more about our journey by visiting
www.kraftheinzcompany.com or following us on LinkedIn and
Twitter.
About BHE Renewables
BHE Renewables is a wholly owned subsidiary of Berkshire
Hathaway Energy that owns and operates over 4,000 megawatts of
renewable resources across the United States. The company owns
solar, wind, geothermal and hydroelectric projects that produce
energy from noncarbon resources to reduce the environmental impacts
of energy creation and meet the varying needs of customers.
Forward-Looking Statements
This press release contains a number of forward-looking
statements. Words such as “accomplish,” “achieve,” “come,”
“commit,” “continue,” “contribute,” “cover,” “design,” “enable,”
“expect,” “focus,” “help,” “increase,” “meet,” “offset,” “plan,”
“position,” “prevent,” “prioritize,” “procure,” “purchase,”
“reduce,” “will,” and variations of such words and similar future
or conditional expressions are intended to identify forward-looking
statements. These statements are not historical facts and are based
on Kraft Heinz’s current beliefs, expectations, estimates, and
projections. These forward-looking statements are subject to a
number of risks and uncertainties, many of which are difficult to
predict and beyond Kraft Heinz’s control, which could cause actual
results to differ materially from those indicated in the
forward-looking statements. Those factors include, but are not
limited to, Kraft Heinz’s ability to achieve the intended benefits
of the agreement and the risk factors set forth in Kraft Heinz’s
filings with the Securities and Exchange Commission, including
Kraft Heinz’s most recently filed Annual Report on Form 10-K and
subsequent reports on Forms 10-Q and 8-K. Kraft Heinz disclaims and
does not undertake any obligation to update, revise, or withdraw
any forward-looking statement in this press release, except as
required by applicable law or regulation.
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version on businesswire.com: https://www.businesswire.com/news/home/20220629005153/en/
Chelsea Slaggert Chelsea.Slaggert@kraftheinz.com
Kraft Heinz (NASDAQ:KHC)
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