JBT’s AGV division recently committed to offsetting all of their 2024 electricity-related CO2 emissions by purchasing Renewable Energy Certificates (RECs). This approach allowed for an immediate positive impact on the environment, rather than waiting for the renegotiation of their electricity contract later this year. Beginning in 2025, AGV will purchase renewable energy directly for both of their facilities in Chalfont, Pennsylvania.
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As illustrated above, electricity begins its journey at generators and power plants. The energy for this production comes from a mix of carbon-based fuels (such as coal, natural gas, and oil) and renewable sources (such as wind, solar, and hydro). By purchasing RECs, AGV ensures that a higher percentage of the energy generated comes from renewable sources, thereby reducing greenhouse gas emissions (CO2) associated with electricity production.
Below is a snapshot of the fuel mix used to generate electricity for the region supplying the AGV facilities in July 2024. As illustrated, renewable energy accounts for nearly 11% of the total. This is encouraging as more consumers transition to renewable energy sources.
By purchasing 450,000 kilowatt-hours of Renewable Energy Certificates (RECs), AGV offset 188 metric tons of CO2, which is equivalent to driving 480,000 miles (772,000 kilometers) in an average gasoline-powered passenger vehicle. This environmental commitment aligns with the AGV division’s Environmental, Social, and Governance (ESG) journey, as they strive to reduce their carbon footprint. As part of this effort, they have partnered with their energy supplier, Constellation NewEnergy, Inc., by establishing a master agreement. Under this agreement, the RECs meet Green-e® Energy certification requirements and adhere to the environmental and consumer protection standards set by the non-profit Center for Resource Solutions.
