One is our San Diego campus. Before we purchased it a few years ago, we were focused on energy efficiency so we did LED lighting retrofits, smart sensors, HVAC controls, IoT — and we did an onsite solar project to provide shading for What’s an example where you’ve employees’ cars. In that project, the original analysis was for the solar to provide 25 to 30% of the electricity for one building. But since we focused so much on energy efficiency, we actually got a notice from the local utility saying, ‘We think something is wrong with the metering because that month solar provided 100% electricity for the building.
Could you share another example?
Before I started at Intuit, offsite renewable energy projects didn’t make sense for a company of our size in a leased environment. We don’t have big Denmark Telegram Number Data loads. Nobody’s going to build a brand new project with half a wind turbine. You have to think creatively. At our Mountain View campus, in 2016, we signed a deal for an offsite wind farm, a physical power purchase agreement for an eight-year term to power the entire campus with wind. We were not allowed to sign any term past the lease term on the buildings themselves. That deal was less than 3 megawatts.Those deals that we’ve done, we’ve saved money. Mountain View — we saved money compared to our regular electricity contract.
We were able to take a tiny slice
Existing project that fit our needs. What was one of the biggest challenges involved? We’d never entered into a contract like that before, so it’s new Mexico Email List language for the accounting, legal, and finance teams. The same went for the virtual power purchase agreement we signed last December. But we started early and worked through the process, talking to peer companies that had done those types of transactions. We had an accountant speaking to another accounting team, instead of the sustainability guy, which is me. That was helpful because I don’t know the accounting lingo.
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