Rivian Harnesses The Wind: To Power New Vehicles With '100% Carbon-Free Energy' In Few Months
Portfolio Pulse from Anan Ashraf
Rivian Automotive (NASDAQ:RIVN) is closer to powering its vehicles with wind energy, as the final components for its on-site wind turbine arrived at its manufacturing plant in Normal, Illinois. The turbine, developed in partnership with Apex Clean Energy, is expected to generate about 10 million kWh of electricity annually and help Rivian reach net-zero carbon emissions by 2040.
June 10, 2023 | 4:31 am
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Rivian's progress in implementing wind energy at its manufacturing plant may boost its green credentials and attract environmentally conscious investors.
Rivian's move towards using wind energy to power its vehicles demonstrates its commitment to sustainability and reducing carbon emissions. This progress may appeal to environmentally conscious investors and customers, potentially driving demand for its vehicles and positively impacting its stock price in the short term.
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