PepsiCo purchases RECs
GreenShift Corp. announced that its Sterling Planet Inc. portfolio company entered into an agreement with PepsiCo to purchase renewable energy certificates (RECs) to offset 100 percent of the purchased electricity used by all U.S. PepsiCo facilities. As the largest corporate REC purchase to date, PepsiCo's three-year agreement equals more than 1 billion kilowatt-hours annually, and it matches the purchased electricity used by all U.S.-based PepsiCo manufacturing facilities, headquarters, distribution centers and regional offices. "It's a broad spectrum looking at sustainability from various operations," said PepsiCo spokeswoman Aurora Gonzalez. "This is something [for PepsiCo] to build and develop in the renewable energy market."