In a statement, Mynaric Chief Executive Officer Bulent Altan said, “The US government is driving the deployment of laser communication capabilities in space.” Northrop Grumman will have “guaranteed and preferred access” to Mynaric services and products, according to the company, which predicts Northrop Grumman will spend $35 million on equipment over the next five years. The cooperation with Northrop Grumman, a prominent Pentagon contractor, is noteworthy for Mynaric, a German company that has been making inroads in the US market, notably in the defence and government sectors. Northrop Grumman picked Mynaric, a laser communications equipment maker, as a strategic supplier on November 1. Posted on NovemNovemAuthor Jan Glogulski Categories Decarbonization, Energy Leave a comment on What does corporate renewable energy procurement entail? Mynaric has been chosen by Northrop Grumman as a “strategic supplier” of space laser communications In Asia, for example, TSMC and Orsted recently signed a contract for 920MW - the biggest CPPA to date – in Taiwan in the year 2020. In Europe, CPPAs alone reached 3.5GW in 2020.
Traditional customers such as tech corporations contracted record volumes, but new industries including pharmaceuticals and retail hit the market. In the United States, approximately 100 corporate renewable sourcing agreements totalling over 10 gigawatts of capacity were signed in 2020, up from 1.5 gigawatts in 2015. The purchase of renewable energy has risen considerably in recent years. It could also be on-site, such as via a private line from nearby solar panels on the factory roof or wind farm. Off-site options include taking an equity stake in a new venture or co-developing a greenfield venture in a different area. Invest in renewable energy assets and own them. If a company had locked in power rates via a CPPA one year ago, it would have been insulated against the record-high wholesale power prices observed in several nations in recent weeks. CPPAs also mitigate the hazards of power price changes. A CPPA ensures that the energy produced may be linked to a specific solar or wind farm. Sign a CPPA (Corporate Power Purchase Agreement), long-term renewable energy and certificate supply deal with a defined price structure. While this is a straightforward procedure, it does not add to the renewable energy infrastructure (certificates come from established facilities, sometimes even from the unspecified sources). To match its use, purchase green electricity certificates (– for example, GOs in Europe or even RECs in the US). There are three options for businesses to obtain renewable energy. Cutting pollution from power usage (scope 2 emissions) by procuring renewable energy from sources such as solar and wind is one of the most critical immediate initiatives for many businesses to decrease greenhouse gas emissions. Over 900 businesses have committed to reducing their emissions in accordance with the Paris Agreement, based on scientific evidence. It is becoming increasingly evident that sustainability is a great business – and, in many cases, the only way to do business in the future. Corporations around the world are also recognising their responsibilities. National governments aren’t the only ones who need to act. According to a recent UN analysis that looked at country targets, current commitments put the globe on track for 2.7☌ warming by the end of the century. However, things could get a lot worse in the future. The effects are still being felt today, from floods to wildfires. According to the IPCC, man-made pollutants have heated the earth by around 1.1 degrees Celsius since the 19th century. The climate problem is the most pressing issue of our time.
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