PepsiCo will announce today that it will purchase 1 billion kilowatt-hours of renewable energy credits over the next year.
The credits are equal to all the electricity used by PepsiCo's US facilities and are enough to power 90,000 American homes for one year.
The renewable energy will cost PepsiCo about $2 million dollars. This amount signifies a significant investment and is huge for renewable energy.
PepsiCo's renewable energy purchase has catapulted it up the list of green energy users. The US Environmental Protection Agency is releasing its quarterly list of the 25 greenest energy users today - and PepsiCo is now at the top.
USA Today reports the move is significant for renewable energy but also may be a solid marketing move. 95% of kids 13 to 18 recently surveyed by Weekly Reader magazine said they had heard of global warming. One in four said they were very worried about it.
PepsiCo's renewable energy credit purchase doubles that of the previous leader Wells Fargo.