General Motors Co (NYSE:GM) on Wednesday said it has completed procurement to source the renewable energy needed to power all its facilities in the US by 2025, consistent with its target adopted in September 2021.
The 2025 goal was accelerated from a previous target of 2030 set in early 2021 and an initial objective of 2050 from 2016.
The US car maker said it is sourcing renewable energy via direct investment, on-site generation, green tariffs and power purchase agreements. Its renewable energy portfolio currently includes procurement deals with 16 renewable energy plants across 10 states. The company said that it has seen more than USD 75 million (EUR 74.8m) of positive cash flows from the portfolio since 2017.
GM aims to become carbon neutral in its global products and operations by 2040.