ENGIE announces ‘Round-the-Clock’ Renewable Energy contract with Einstein Bros. Bagels
New England Council member, ENGIE North America, announced its new contract with Einstein Bros. Bagels in which ENGIE intends to match 90% of the hourly electricity consumption for 25 Einstein locations with Renewable Energy Credits (RECs). The RECs come from the wind and solar assets of ENGIE, including its Live Oak Wind Project in Texas, and the contract will run through May 2027. This is a major step in ENGIE’s commitment to providing 24/7 renewable energy to commercial customers by 2030.
David Benhamou, ENGIE North America’s head of power portfolio management, explained that achieving 24/7 renewable energy with hourly matching and reporting is technically challenging compared to annual matching. “It requires tracking the hourly generation of multiple renewable resources and matching the RECs generated therefrom with hourly electricity consumption at the 25 Einstein Bros. Bagels locations,” said Benhamou.
As a leader in low-carbon energy and accelerating environmentally friendly solutions to electricity consumption, ENGIE seeks to leverage its storage of renewable energy to businesses of all sizes in the U.S., including a network of food service locations. This relationship with Einstein Bros. Bagels is a significant step toward a cleaner, sustainable future.
The New England Council congratulates ENGIE North America on this significant milestone and commends its commitment to a carbon-neutral world.
Read more via ENGIE.