Potential offtaker

Best Buy Co., Inc.


Estimated electricity consumption


Countries of production presence


Best Buy Co., Inc. is a leading American multinational retailer of consumer electronics, home appliances, and entertainment products. Founded in 1966, the company has grown to become one of the most recognizable brands in the electronics and appliances stores sector. With over 1,000 stores across the United States and Canada, Best Buy is committed to providing its customers with the latest and greatest technology products and services.

As a large corporation, Best Buy is aware of its responsibility to reduce its carbon footprint and contribute to the decarbonisation of the economy. The company has set ambitious sustainability goals, including reducing its carbon emissions by 75% by 2030 and achieving carbon neutrality by 2050. To achieve these goals, Best Buy has implemented several initiatives to reduce its energy consumption and increase its use of renewable energy.

One of the key initiatives that Best Buy has undertaken to reduce its carbon emissions is the implementation of corporate energy efficiency programs. These programs involve the installation of energy-efficient lighting, heating, and cooling systems in Best Buy's stores and warehouses. By reducing energy consumption, Best Buy can not only reduce its carbon footprint but also save money on energy bills.

In addition to energy efficiency programs, Best Buy has also implemented corporate power purchase agreements (PPAs) to increase its use of renewable energy. PPAs allow companies to purchase renewable energy directly from a generator, often at a lower cost than traditional energy sources. Best Buy has signed several PPAs with wind and solar power providers, which will provide the company with a significant portion of its energy needs from renewable sources.

One notable PPA that Best Buy has signed is with Enel Green Power North America, a leading renewable energy company. Under the agreement, Best Buy will purchase 200 MW of wind energy from Enel's Cimarron Bend II wind farm in Kansas. This PPA will help Best Buy achieve its sustainability goals while also supporting the growth of the renewable energy industry.

In addition to PPAs, Best Buy has also invested in on-site renewable energy generation. The company has installed solar panels on the roofs of several of its stores and warehouses, which provide a portion of the energy needs for those facilities. Best Buy has also installed electric vehicle charging stations at some of its stores, which support the growth of electric vehicles and reduce emissions from transportation.

Overall, Best Buy Co., Inc. is a leader in the electronics and appliances stores sector, with a strong commitment to sustainability and decarbonisation. The company's initiatives to reduce its energy consumption and increase its use of renewable energy demonstrate its commitment to reducing its carbon footprint and contributing to the transition to a low-carbon economy. As Best Buy continues to grow and expand, it will be important for the company to maintain its focus on sustainability and continue to innovate in its energy and environmental practices.

✓ Science Based Targets member
✓ Declared Net Zero commitment