Starbucks additional invests in renewable vitality with digital storage settlement

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Starbucks further invests in renewable energy with virtual storage agreement

Coffee giant Starbucks has reaffirmed its “planet-positive future” by formalizing its 2030 targets to cut its carbon, water and waste footprint in half.

Solar panels in the new Starbucks store in the Northridge neighborhood of Los Angeles, California. Photo by Patrick T. Fallon for Starbucks

“Our Planet Positive initiatives are central to our long-term business strategy and address the needs of our customers directly,” said Kevin Johnson, CEO of Starbucks. “We are moving towards a circular economy, and we are doing it in a very deliberate, transparent and accountable way.”

Starbucks has sourced 100% renewable energy for its more than 9,000 businesses operated by companies in the US, Canada and EMEA since 2015. The company has rapidly expanded its list of renewable energy projects in the United States, supporting the growth of green energy close to the grid to the businesses that use the energy.

Starbucks announced new investments nationwide, including the company’s first solar business in California.

  • Starbucks announced its intention to offset 50% of its company’s electricity usage for roast and beverage manufacturing facilities in the US by 2022 through Starbucks’ first Virtual Power Purchase Agreement (VPPA) with a solar farm in Virginia.
  • Starbucks is also investing approximately $ 97 million in up to 23 new community solar projects in New York to provide solar energy to Starbucks stores and other community subscribers.
  • In addition, Starbucks is entering into a combined VPPA and Virtual Storage (VSA) contract that, when deployed online in 2021, will provide solar and utility-scale renewable energy to more than 550 California stores.
  • On site in southwest Washington, Starbucks supported the development of a new wind project. The 137 MW facility supplies around 140 Starbucks stores and the company’s Kent Roasting Plant, as well as numerous communities in Washington, with renewable energy.

LevelTen Energy announced that it is the unit behind the Solar + Storage PPA in California. LevelTen provided 5.5 MW of energy storage and 24 MW of solar in the solar and storage project of Terra-Gen Edwards Sanborn for Starbucks. The entire storage portion of the project in Kern County was approved by the Clean Power Alliance (CPA) earlier this year.

“In 2019, Starbucks partnered with LevelTen Energy to create an unprecedented portfolio of three renewable energy purchase agreements. Now Starbucks is once again paving the way for others to pursue this innovative utility-scale storage contract, “said Bryce Smith, CEO of LevelTen Energy. “By investing in storage, Starbucks will add value to its existing renewable energy portfolio while reducing our dependence on fossil fuels. It’s a transactional template for others and an incredible mechanism for quickly scaling the storage capacity on the network. “

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