RTX signs its largest renewable electricity deal to date

RTX | Source: PR Newswire | Posted 04/22/2024

ARLINGTON, Va., April 18, 2024 /PRNewswire/ -- RTX (NYSE: RTX) announced an agreement with a subsidiary of ENGIE North America (ENGIE) that will provide 100% renewable electricity to 12 of the company's Texas facilities. The agreement with ENGIE Resources LLC, which runs through 2033, will begin with six RTX locations in Texas in 2024 and expand to 12 locations by 2028. The deal is RTX's largest renewable energy procurement to date, nearly doubling the company's usage of renewable electricity in 2023.

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RTX has signed a significant renewable electricity deal with ENGIE North America, aiming to provide 100% renewable electricity to 12 of their Texas facilities. Starting in 2024 and extending to 2033, this agreement will see a substantial increase in RTX's usage of renewable energy, aligning with the company's goals to reduce greenhouse gas emissions. The deal, RTX's largest renewable energy procurement to date, is projected to slash carbon dioxide emissions by approximately 560,000 metric tons over the next decade.

The agreement includes the sourcing of renewable energy certificates from ENGIE's Priddy Wind Project in Texas, alongside other renewable electricity projects in the state. Trio, serving as RTX's clean energy advisor, played a crucial role in identifying and securing the deal. With the engagement set to benefit RTX's McKinney facility significantly, the company remains steadfast in its commitment to sustainability, aiming to achieve further milestones in renewable energy usage and emissions reduction in the coming years.

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RTX signs its largest renewable electricity deal to date

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