Potential offtaker

Osram Licht AG

www.osram.com

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OSRAM LICHT AG is a German multinational lighting fixture company that has been in operation for over 100 years. The company is a leader in the lighting industry, producing innovative lighting solutions for a wide range of applications. OSRAM LICHT AG has a strong commitment to sustainability and decarbonisation, and has made significant strides in reducing its carbon footprint through the implementation of renewable energy solutions.

The company's commitment to decarbonisation is reflected in its corporate energy strategy, which aims to reduce its carbon footprint by 50% by 2025. To achieve this goal, OSRAM LICHT AG has implemented a range of measures, including the use of renewable energy sources, the implementation of energy-efficient technologies, and the adoption of sustainable business practices.

One of the key components of OSRAM LICHT AG's decarbonisation strategy is the use of corporate power purchase agreements (PPAs) to source renewable energy. Corporate PPAs are long-term contracts between a company and a renewable energy provider, which allow the company to purchase renewable energy at a fixed price over a set period of time. By entering into these agreements, OSRAM LICHT AG is able to secure a reliable and cost-effective source of renewable energy, while also supporting the growth of the renewable energy sector.

In 2019, OSRAM LICHT AG signed a 10-year corporate PPA with BayWa r.e., a leading renewable energy provider. Under the agreement, OSRAM LICHT AG will purchase 100% of the electricity generated by a 170 MW solar farm in Spain. This will provide the company with a reliable source of renewable energy, while also reducing its carbon footprint by an estimated 170,000 tonnes of CO2 per year.

In addition to its use of corporate PPAs, OSRAM LICHT AG has also invested in renewable energy projects of its own. The company has installed solar panels on the roofs of its production facilities in Germany, which generate around 1.5 million kWh of electricity per year. This has allowed the company to reduce its reliance on grid electricity, while also reducing its carbon footprint.

OSRAM LICHT AG has also implemented a range of energy-efficient technologies and sustainable business practices to reduce its energy consumption and carbon emissions. The company has introduced LED lighting solutions in its production facilities, which are more energy-efficient than traditional lighting technologies. It has also implemented energy management systems to monitor and optimise its energy consumption, and has introduced sustainable business practices, such as waste reduction and recycling programs.

The company's commitment to sustainability and decarbonisation is reflected in its corporate culture and values. OSRAM LICHT AG has a dedicated sustainability team, which is responsible for developing and implementing the company's sustainability strategy. The company also regularly reports on its sustainability performance, and has set ambitious targets for reducing its carbon footprint and improving its sustainability performance.

In conclusion, OSRAM LICHT AG is a leading lighting fixture company that has made significant strides in reducing its carbon footprint through the implementation of renewable energy solutions. The company's use of corporate PPAs and investment in renewable energy projects has allowed it to secure a reliable and cost-effective source of renewable energy, while also supporting the growth of the renewable energy sector. Its commitment to sustainability and decarbonisation is reflected in its corporate culture and values, and it has set ambitious targets for reducing its carbon footprint and improving its sustainability performance.

✓ Declared Net Zero commitment
Exploring Decarbonization Strategies for Manufacture of electric lighting equipment

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