100% RENEWABLE ENERGY FOR VISA

Visa needed an expert partner to help transition its largest data center to 100% renewable electricity. They were looking for a combination of enrollment in renewable programs and the purchase of renewable energy certificates (RECs), in accordance with the guidelines of the global RE100 initiative.

Shell Energy worked with Visa to develop a bespoke, multi-year energy agreement to power their largest data center with 100% renewable energy. With this agreement in place, they were able to reduce the carbon impact of their global operations, while proudly supporting renewable energy generation in Virginia.

The agreement supports renewable electricity generation coming online to the grid from new solar projects. As part of this, Shell Energy will procure renewable electricity and the renewable credits, which Visa expects to begin using in February 2023.

Visa’s agreement supports the expansion of new solar generation within the commonwealth’s grid. It also deepens the company’s commitment and investment in Virginia by supporting the Virginia Clean Economy Act, which is expected to create nearly 30,000 new solar jobs in the commonwealth by 2030.

“Promoting sustainable ways of doing business to combat climate change is a key part of our sustainability strategy. The agreement with with MP2 Energy [MP2 Energy d/b/a Shell Energy Solutions, "Shell Energy"] contributes to Visa’s climate action agenda, supports new renewable energy generation across the commonwealth of Virginia, and contributes to a positive impact on the environment and local economic development.” – Douglas Sabo, Chief Sustainability Officer, Visa.

With the purchase of 100% renewable energy, Visa can also expect to mitigate Scope 2 emissions by almost 90% versus their 2014 baseline.