Welcome to JSA Consultancy Services

A business consultancy, based in London, England, John Sacks' JSA Consultancy Services provides expert, in-depth, information advice and guidance as to how to exploit successfully the office furniture and interiors markets in Europe, North America, Australasia and Japan.

Steelcase Makes Five-Year Commitment to a Texas Wind Farm

Wednesday 19 March 2008

GRAND RAPIDS, Mich., March 19, 2008 -- Office furniture manufacturer Steelcase Inc. bought all of the renewable energy produced by a Texas wind farm for the next five years -- and a golden branding opportunity.

The farm, located in Panhandle, Texas, is still in the financing stage and won\'t start operating until May. The company claims the buy represents the first time a company has bought all the renewable energy certificates (REC) from a wind farm in the financing stage.

The company wouldn\'t say how much the RECs cost but they are the equivalent of about 20 percent of the electricity the company uses in the U.S.

But the deal does include the rights to name the 10-megawatt farm, which will be called the \"Wege Wind Energy Farm, provided by Steelcase,\" in honor of Peter Wege, an environmentalist and founding family member of Steelcase. The project is being developed by John Deer Renewables.

The move is part of the company\'s plan of reducing its carbon footprint 25 percent by 2012. Though uncommon now, some expect similar actions in the future.

\"The demand for wind power and for REC’s is outpacing the supply, so I won’t be surprised to see more companies trying to lock up the renewable energy credits that become available,\" Andrew Winston, an environmental consultant and co-author of \"Green to Gold,\" told the New York Times.

Bradley W. Johnson, John Deere’s director of business development, said his company has received expressions of interest from other companies to finance other small wind farms in exchange for naming rights.

Ted G. Rose, vice president for business development for Renewable Energy Choices, which brokered the Steelcase deal, agreed that this could be the start of a new trend.

\"This is a new business model, and it could attract any brand that wants to be linked with sustainability,\" he told the New York Times.

Subscribe to our News Page

Enter your email here and we will tell you when this page is updated.

 

 

moreLatest News

Wednesday 5 July 2017 Herman Miller Reports Fourth Quarter Fiscal 2017 Results

NOTE: A data supplement with additional financial information relating to the periods covered by thi

Monday 3 July 2017 Furniture maker is one of nation's most 'community-minded' companies

A national nonprofit that connects volunteers to social justice causes has named a local furniture m

Friday 23 June 2017 Trump 'has spent $133,000 on White House furnishings in his first five months in office

President Donald Trump has spent more taxpayer funds on White House furnishings in the first five mo

Wednesday 7 June 2017 HNI appoints Lorenger president, Office Furniture

MUSCATINE, Iowa - HNI Corp. has appointed Jeff Lorenger to president of its Office Furniture segmen

Contact Us

JSA Consultancy Services
4-5 Gray’s Inn Square, Gray’s Inn,
London, WC1R 5AH, England


+44 (0) 20 7670 1510