IKEA puts its weight behind solar power
Businesses continue to demonstrate that solar power makes more and more sense as the technology steadily improves. Home furnishing giant IKEA announced it is furthering its investment in solar power with the addition of 10 new solar installations on its stores, covering 75 percent of its U.S. stores.
IKEA has made a pointed effort to invest in sustainability at its stores, from renewable electricity sources like the solar power systems to expanded recycling services, covering everything from scrap wood to compact fluorescent light bulbs. With the 10 new solar installations, the retailer will boast a combined capacity of 10.7 megawatts across all its U.S. stores.
"IKEA believes we can be a good business while doing good business," Mike Ward, IKEA U.S. president, said in a statement. "This investment extends our solar presence to the Southern U.S., further reducing our carbon footprint and the intensity of the electrical grid."
All told, the company has installed more than 45,000 solar panels and expects to produce more than 15 million kilowatt-hours of clean energy each year, or enough to power more than 1,300 homes, according to the U.S. Energy Information Administration.