Mar 15, 2025 | Posted by Abdul-Rahman Oladimeji
Brookfield-owned energy developer X-Elio and the Net Zero Consortium for Buyers (NZCB) this week announced the signing of six virtual Power Purchase Agreements (vPPAs) for a combined total capacity of 172MW in the US. The consortium includes major companies such as Cisco Systems, Biogen, IDEXX Laboratories, and Waters Corporation.
“As Cisco looks to reach its net zero target across its value chain, aggregated renewable energy procurements with other corporate buyers figure significantly in our renewable energy transition approach,” said Andy Smith, director of energy, employee health and safety, and technology at Cisco. “Joining other buyers enables us to spread our procurement across multiple transactions, diversifying our renewable energy portfolio in a way that decreases risk and increases cost-effectiveness. We are delighted to work with NZCB buyers to cause new clean energy capacity.”
Nicholas Pentreath, X-Elio's CEO deputy, said: "Today, once again, we announce another key milestone of partnership for the company. We are honored to be the selected and trusted partner to bring supply and price certainty to energy-intensive sectors with ambitious ESG and net zero targets, such as the technological, health, and pharmaceutical industries."
