Potential offtaker

FIA Formula E

www.fiaformulae.com

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Which other companies from United Kingdom are actively involved in decarbonization initiatives?
  • GlobalData
  • Elementis plc
  • CMS Cameron McKenna Nabarro Olswang LLP
  • Millennium & Copthorne Hotels plc.
  • Amalgamated Construction Ltd
  • Silentnight Group
  • FIA Formula E: Leading the Charge in Decarbonisation through Corporate Energy and Renewable Energy PPAs

    FIA Formula E is a British-based company that is revolutionizing the world of motorsports by becoming the first all-electric racing series. Founded in 2011, the company is dedicated to promoting sustainable mobility and decarbonisation by showcasing the potential of electric cars and renewable energy sources. FIA Formula E has attracted some of the biggest names in the automotive industry, including Audi, BMW, Mercedes-Benz, and Porsche, as well as top-tier sponsors such as ABB, DHL, and Heineken. The company has also gained the support of the Fédération Internationale de l'Automobile (FIA), the governing body of motorsports, which has helped to establish FIA Formula E as a legitimate and influential player in the industry.

    Decarbonisation is at the heart of FIA Formula E's mission, and the company is committed to reducing carbon emissions and promoting sustainable practices in all aspects of its operations. One of the key ways that FIA Formula E is achieving this goal is through the use of corporate energy and renewable energy PPAs. Corporate energy is a term used to describe the energy that a company uses to power its operations, while a renewable energy PPA (power purchase agreement) is a contract between a company and a renewable energy provider that guarantees a certain amount of renewable energy will be supplied to the company over a set period of time.

    FIA Formula E has been a leader in the use of corporate energy and renewable energy PPAs, and has made significant strides in reducing its carbon footprint. For example, the company has partnered with Enel, a leading renewable energy provider, to ensure that all of its races are powered by 100% renewable energy. This is achieved through the use of Enel's advanced energy management system, which combines solar, wind, and hydroelectric power to provide a reliable and sustainable source of energy for the races. In addition, FIA Formula E has implemented a number of energy-saving measures at its headquarters in London, including the use of LED lighting, energy-efficient HVAC systems, and smart building controls.

    FIA Formula E has also been active in promoting the use of renewable energy PPAs among its partners and sponsors. For example, the company has worked with DHL, its official logistics partner, to implement a renewable energy PPA that guarantees the supply of renewable energy to DHL's operations in Germany. This has helped DHL to reduce its carbon footprint and promote sustainable practices across its business. FIA Formula E has also partnered with ABB, a leading provider of power and automation technologies, to develop a range of sustainable solutions for the automotive industry, including electric vehicle charging infrastructure and energy storage systems.

    FIA Formula E's commitment to decarbonisation and sustainable practices has not gone unnoticed, and the company has received numerous awards and accolades for its efforts. In 2018, FIA Formula E was named the "Most Innovative Company" at the Fast Company Innovation Festival, and was also awarded the "Sustainable Event of the Year" award at the 2018 Event Production Awards. In addition, the company has been recognized by the United Nations for its efforts to promote sustainable mobility and reduce carbon emissions.

    In conclusion, FIA Formula E is a British-based company that is leading the charge in decarbonisation through the use of corporate energy and renewable energy PPAs. The company is dedicated to promoting sustainable mobility and reducing carbon emissions in the automotive industry, and has made significant strides in achieving these goals. FIA Formula E's commitment to decarbonisation and sustainable practices has earned it numerous awards and accolades, and has helped to establish the company as a legitimate and influential player in the world of motorsports. As the world continues to grapple with the challenges of climate change, FIA Formula E's innovative and sustainable approach to racing provides a beacon of hope for a more sustainable future.

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