Why do only 3.5% of commercial buildings have solar despite high sustainability goals?
Despite the high prevalence of corporate sustainability goals and rising energy costs, only 3.5% of the commercial and industrial complex currently have solar according to Wood Mackenzie. According to G&A Institute and Perillon, 92% of S&P 500 companies, 88% of public companies, and 67% of private companies have sustainability goals. Simultaneously, energy costs have been rapidly increasing. In March 2022, The Guardian found that traditional energy costs, particularly natural gas, increased by 24% in the past year and the cost of general electricity increased by 9%. A combination of increasing energy costs and the decreasing cost of renewable energy now means that solar power is now the cheapest electricity in history according to the International Energy Agency (IEA). Solar energy has the ability to both accomplish companies sustainability goals and reduce costs for the company and their consumers.
Why do only 3.5% of companies have solar despite high sustainability goals? How SolBid can encourage more companies to take action.
Despite the high prevalence of corporate sustainability goals and rising energy costs, only 3.5% of the commercial and industrial complex currently have solar.
SolBid Employee Spotlight: Matthew Dubreuil
SolBid, Inc. is composed of hardworking individuals, each with their own unique story. Today, we are putting the Spotlight on Matthew Dubreuil, Content Market Specialist here at SolBid.
Solar-Powered Electric Vehicle Infrastructure
The Electric Vehicle (EV) industry and subsequent EV infrastructure industry are growing due to rising demand for energy-efficient transportation. According to industry research, the market for electric vehicle charging infrastructure in the United States will increase at a compound annual growth rate (CAGR) of 36.9% between 2022 and 2030.
Record Broken for Solar Cell Efficiency
Researchers from the US Department of Energys National Renewable Energy Laboratory (NREL) developed a new solar cell that attained 39.5% efficiency under 1-sun global illumination. The NRELs new solar cell has the highest efficiency solar cell of any type when using the standardized 1-sun global illumination.
