We carefully monitor existing and pending climate change legislation, regulation, and international treaties or accords for any material effect on our business or markets that we serve, our operational results, our capital expenditures or our financial position.Source

Starting in the fourth calendar quarter of 2021, we began to voluntarily purchase renewable energy credits to offset a portion of our energy consumption that is derived from non-renewable sources.Source

Solar Energy SystemsSource

We sell retrofit solar energy systems to customers and channel partners and also make them available through power purchase agreement (“PPA”) arrangements.Source

We also design and manufacture certain components for our solar energy products.Source

We sell retrofit solar energy systems to customers and channel partners and also make them available through power purchase agreement (“PPA”) arrangements.Source

Geothermal energy is a clean, renewable and generally sustainable form of energy derived from the natural heat of the earth.Source

The substantial majority of the power plants that we currently own or operate produce electricity from geothermal energy sources.Source

We own and operate geothermal and solar PV hybrid projects and have similar projects currently under construction, in which the electricity generated from a solar PV power plant is used to offset the equipment’s energy use at the geothermal facility, thus increasing the geothermal energy delivered by the project to the grid.Source

The substantial majority of the power plants that we currently own or operate produce electricity from geothermal energy sources.Source

These technology companies are already the largest corporate procurers of green power globally.

As an example, we expect annual demand from large technology companies to accelerate meaningfully, increasing by more than 3 times by the mid to latter part of this decade on the back of growth in expected generative AI computing demand.

It is widely estimated that global electricity consumption from datacenters will increase to approximately 10% of total electricity demand by 2030, up from approximately 2% today.

The largest cloud computing businesses run on clean power. These companies have committed to 100% clean energy targets and have grown their consumption by approximately 50% per annum over the last couple of years, making them the largest buyers of green power globally.

Our distributed platform most often generates energy in close proximity to where the same electricity is consumed, thus avoiding the vulnerabilities of conventional transmission and distribution lines.Source

Our mission is to make clean, reliable energy affordable for everyone in the world.Source

This is one of the many reasons why microgrids, localized energy systems that can operate alongside a main grid or disconnect and operate autonomously, are playing an increasingly important role, providing a critical, twenty-four hours a day and seven days a week (“24x7”), always-on energy solution, powering critical infrastructure, offsetting demand on the grid, and supplying power to the grid when it is most needed.Source

These acute issues further add to a chronic concern; the fragility of decades-old energy system elements that have suffered from deferred maintenance and replacement, which can only be partially remedied by the billions of dollars of new investment from the recently passed infrastructure bill.Source

For 2023, we offset Etsy marketplace, Reverb and Depop’s reported Scope 1, 2 and 3 emissions through investments in 468,924 verified emissions reductions (VERs) that, among other things, protect forests, finance solar development, and help develop greener methods for producing auto parts.Source

In 2023, these emissions accounted for 12% of our reported Scope 3 emissions, which represents a 7% intensity decrease relative to 2022.Source

This was achieved through a virtual power purchase agreement (“VPPA”), international renewable energy credits (iRECs), and on-site solar arrays at select offices.Source

Since 2020, we have sourced renewable energy for 100% of the electricity used to power Etsy.com and Reverb's offices and employees working from home, as well as Etsy.com's computing load in Google Cloud.Source

The Company’s portfolio consists of approximately 6,000 net MW of installed wind, solar and energy storage projects that are predominantly non-emitting sources of power generation.Source

The Company also competes to acquire new projects with renewable developers who retain renewable power plant ownership, independent power producers, financial investors and other dividend, growth-oriented companies.Source

The Company’s portfolio of electric generation assets consists of over 5,500 net MW of renewable generation capacity that are non-emitting sources of power generation.Source

Competitive conditions may be substantially affected by capital market conditions and by various forms of energy legislation and regulation considered by federal, state and local legislatures and administrative agencies, including tax policy.Source