FedEx and Lockheed Martin making strides with onsite power

FedEx and Lockheed Martin are making strides when it comes to clean energy as these noteable companies look to reduce carbon emissions.

FedEx Express (NYSE: FDX) will calculate the amount of CO2 released annually as a result of the shipping of its FedEx Envelope and purchase the equivalent amount of CO2 offsets from the not-for-profit BP Target Neutral.

Projects that will be supported in this way include a biogas farm facility in the Netherlands, a reforestation project in the Tanzanian Southern Highlands and a landfill gas collection system in Thailand, reports Energy Efficiency News.

“By making FedEx Envelope’s shipping carbon-neutral, we are extending our support for renewable energy solutions – innovations today that we hope will be standards in the future,” says senior vice president of global marketing, Rajesh Subramaniam.

The innovation is the latest in a series aiming to help the company meet ambitious emission reduction targets.

By the end of last year, FedEx had cut its aviation CO2 emissions by nearly 14% compared to 2005 levels and improved its fleet fuel efficiency by more than 16%. The company has also installed more than 6 MW of solar capacity.

Meanwhile, aerospace and defense company Lockheed Martin NYSE: LMT has announced that it has achieved its five-year global environmental goals a year ahead of schedule.

The 30 per cent cuts to carbon emissions came via a major energy efficiency drive, including switching to high efficiency lighting and HVAC systems, using wood waste to power its Owego plant in New York and buying renewable solar and wind energy.

For more on-site renewables news

Follow COSPP on Twitter

Latest Wire News

Ideal Power Inc. Announces Second Quarter 2015 Results

04/08/2015 Ideal Power Inc. Announces Second Quarter 2015 Results

Otary Picks Aconex for Offshore Wind Farm Development

04/08/2015 Otary Picks Aconex for Offshore Wind Farm Development

Impact Fusion International's Wholly Owned Subsidiary Supreme Energy Resources Launches a New Green Cattle Feed Technology to Address Worldwide Shortages Due to Extended Drought

04/08/2015 Impact Fusion International's Wholly Owned Subsidiary Supreme Energy Resources Launches a New Green Cattle Feed Technology...

EPA's Endorsement of Carbon Utilization in Clean Power Plan a Huge Win for Algae Industry

03/08/2015 EPA's Endorsement of Carbon Utilization in Clean Power Plan a Huge Win for Algae Industry

KACO new energy to Provide Battery Converters and Energy Storage Systems Using Ideal Power's Power Conversion Systems

28/07/2015 KACO new energy to Provide Battery Converters and Energy Storage Systems Using Ideal Power's Power Conversion Systems

Article Archives for Cogeneration & On-Site Power Production Magazine

Whitepapers

There is no current content available.

Featured Energy Jobs

View more Job Listings >>