To Keep Future Energy Costs Predictable, IKEA Decides To Double-Down On Renewable Energy.

IKEA solar panelsIkea has always tried to simplify the furniture assembly process. Following that same path, Ikea is now working to simplify how they’ll get their future electricity by doubling their investment in renewable energy to $4 billion. From Ikea CEO and President Mikael Ohlsson (Bloomberg):

“I foresee we’ll continue to increase our investments in renewable energy… looking at how quickly we’re expanding and our value chain, we will most likely have to double the investments once more after 2015.”

Ikea’s goal is to get 100% of the power for their stores from renewable sources by 2020. Ikea’s stores currently get 34% of their electricity from 250,000 solar panels they own and from 126 wind turbines they’ve invested in. [Bloomberg]

Facebooktwittergoogle_plusredditpinterestmail