Rivian and Apex Clean Energy announced the signing of a power purchase agreement for 50 megawatts of electricity from the renewable energy company’s proposed Goose Creek Wind farm in Piatt County, Illinois. As Rivian’s first large-scale procurement, the agreement supports the company’s long-term vision of enabling high-impact renewable energy projects that reduce its carbon footprint while also benefiting customers, communities, and the electrical grid. This purchase, along with other renewable sourcing and on-site generation, will allow Rivian to power as much as 75% of its Normal, Illinois, plant operations with carbon-free energy on an hourly basis. The PPA will also contribute to the company’s commitment to power its Rivian Adventure Network and Waypoints charging with 100% renewable energy.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on RIVN:
- Rivian Automotive initiated with an In Line, $35 target at Evercore ISI
- Rivian Automotive initiated with an In Line at Evercore ISI
- What You Missed This Week in EVs and Clean Energy
- Soros Fund Management buys Sierra Wireless, exits Kinder Morgan in Q3
- EV stocks face a reckoning, not all will survive, Barron’s says