Johnson Controls And Constellation Support Development Of New Solar Projects, Advancing Commitment To Power Operations With Renewable Energy
Portfolio Pulse from Benzinga Newsdesk
Johnson Controls (NYSE:JCI) and Constellation (NASDAQ:CEG) have announced an agreement to support the development of two new solar plants in Pennsylvania. The agreement will match the power needs of four major Johnson Controls manufacturing and research and development facilities. The collaboration will support Johnson Controls' goal of 100% renewable energy and net zero operations by 2040. The new renewable energy agreement will help reduce Johnson Controls' carbon footprint by more than 14,000 metric tons annually.
July 26, 2023 | 1:09 pm
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Constellation's agreement with Johnson Controls to support the development of two new solar plants could boost its reputation as a leading producer of carbon-free energy. This could potentially attract more customers and investors.
The partnership with Johnson Controls to develop solar plants could enhance Constellation's reputation as a leading producer of carbon-free energy. This could potentially attract more customers and investors, which could positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Johnson Controls' partnership with Constellation to develop two new solar plants supports its goal of 100% renewable energy and net zero operations by 2040. This could enhance its reputation as a sustainable company and potentially attract environmentally conscious investors.
The partnership with Constellation to develop solar plants aligns with Johnson Controls' sustainability goals. This could enhance its reputation and potentially attract investors who prioritize environmental sustainability, which could positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100