CVS Health adds two new renewable energy projects with Constellation
WOONSOCKET, R.I., Jan. 25, 2024 /PRNewswire/ -- CVS Health® (NYSE: CVS) today announced two agreements that total 264,000-megawatt hours with Constellation to purchase zero-emission, renewable energy equivalent to the annual electricity use of nearly 1,000 CVS Health locations in California, Washington, D.C., Delaware, Maryland and New Jersey.
- WOONSOCKET, R.I., Jan. 25, 2024 /PRNewswire/ -- CVS Health® (NYSE: CVS) today announced two agreements that total 264,000-megawatt hours with Constellation to purchase zero-emission, renewable energy equivalent to the annual electricity use of nearly 1,000 CVS Health locations in California, Washington, D.C., Delaware, Maryland and New Jersey.
- CVS Health will purchase energy and renewable energy certificates (RECs) through two separate long-term agreements with Constellation.
- CVS Health will receive approximately 264,000 megawatt hours of energy per year through its retail agreement with Constellation, with that energy matched by Green-e® Energy Certified RECs sourced from other renewable facilities throughout the U.S.
"CVS Health continues to be a leader in supporting newly constructed renewable resources and steadfast in its journey towards embracing sustainable energy," said Jim McHugh, Chief Commercial Officer at Constellation. - They are important milestones as CVS Health continues to work toward sourcing 50% renewable energy by 2040.