Potential offtaker

Element Materials Technology

www.element.com

Estimated electricity consumption

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Countries of production presence

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Element Materials Technology is a leading global provider of testing, inspection, and certification services for a wide range of industries, including aerospace, defense, oil and gas, transportation, and consumer products. The company is headquartered in London, United Kingdom, and has more than 6,000 employees in over 200 laboratories and offices worldwide.

Element Materials Technology is committed to sustainability and decarbonisation, and has set ambitious targets to reduce its carbon footprint and support the transition to a low-carbon economy. The company recognizes that climate change is one of the biggest challenges facing the world today, and that businesses have a critical role to play in addressing this issue.

One of the key ways in which Element Materials Technology is working to reduce its carbon footprint is through corporate energy management. The company has implemented a range of measures to improve energy efficiency and reduce energy consumption across its operations, including the installation of energy-efficient lighting and HVAC systems, the use of renewable energy sources such as solar and wind power, and the implementation of energy management systems to monitor and control energy use.

In addition, Element Materials Technology has entered into corporate power purchase agreements (PPAs) to support the development of new renewable energy projects. PPAs are long-term contracts between a buyer and a renewable energy developer, under which the buyer agrees to purchase a certain amount of renewable energy at a fixed price over a specified period of time. By entering into PPAs, Element Materials Technology is able to support the development of new renewable energy projects and reduce its reliance on fossil fuels.

One example of a corporate PPA that Element Materials Technology has entered into is with a wind farm in Scotland. Under the agreement, the company will purchase a significant portion of the wind farm's output for a period of 15 years, providing a stable revenue stream for the project and helping to support the development of new renewable energy capacity in the UK.

Element Materials Technology is also working to promote the use of renewable energy among its customers and suppliers. The company offers a range of testing and certification services for renewable energy technologies, including solar panels, wind turbines, and energy storage systems. By providing these services, Element Materials Technology is helping to ensure that renewable energy technologies are safe, reliable, and effective, and supporting the growth of the renewable energy industry.

Overall, Element Materials Technology is a leading player in the testing laboratories sector, with a strong commitment to sustainability and decarbonisation. Through its corporate energy management initiatives, corporate PPAs, and support for renewable energy technologies, the company is helping to drive the transition to a low-carbon economy and support the fight against climate change.