WASHINGTON--(BUSINESS WIRE)--Intuit Inc. (Nasdaq: INTU) is switching its Dallas-area campus to wind power as part of the company’s ongoing commitment to reduce greenhouse gas emissions and improve energy efficiency.
The Intuit site in Plano, a Dallas suburb, houses about 500 employees in the company’s Accountant and Advisor Group, which offers products and services to professional accountants. The location is one of Intuit’s largest electricity users, and is the first to be powered through an offsite renewable energy agreement. Following the switchover on Oct. 1, the facility will be 100 percent powered by wind energy, reducing its carbon footprint to zero.
The electricity and associated Renewable Energy Certificates (RECs) are being sourced by Renewable Power Direct, LLC, a wholesale green energy marketer, under a multi-year agreement with an existing Texas wind farm. RPD’s retail electricity partner, XOOM Energy, LLC, will provide the retail service delivery to Intuit’s campus.
"Electricity usage accounts for almost 40 percent of Intuit’s overall carbon footprint," said Sean Kinghorn, Intuit's senior sustainability program manager. "We have set a goal of reducing our absolute carbon footprint by 20 percent by 2020 with a baseline year of 2012. RPD’s ability to creatively supply our Texas campus with 100 percent clean power will significantly reduce our company’s carbon footprint and is one of several steps that we are taking to increase our use of on-site and off-site renewable energy."
A growing number of companies are realizing that they can convert to wind power without investing in expensive facilities.
“Our business with Intuit shows that companies can now get the renewable power they want without having to buy a whole wind farm or solar park,” said Phil Minick, RPD’s director of marketing. “RPD expects to see similar types of green power purchases by other major brands soon.”
Background
About Renewable Power Direct, LLC
Renewable Power Direct, LLC is a FERC authorized wholesale power marketer that specializes in supplying directly sourced renewable electricity to commercial and industrial consumers. Based in Washington, DC, the company was founded to make it easy for businesses to procure renewable power without having to make expensive on-site investments in new facilities or be locked into long-term purchase contracts for off-site generation. More information can be found at www.renewablepowerdirect.com.
About XOOM Energy, LLC
XOOM Energy, through its wholly-owned subsidiaries, supplies natural gas and electricity to residential and commercial customers in deregulated energy markets across the country. XOOM serves consumers in more markets than any other supplier – making it one of the largest energy retailers in the country. Texas services are provided by XOOM Energy Texas, LLC a licensed Retail Energy Provider for Texas power customers. More information about XOOM Energy and XOOM Energy Texas services can be found at www.xoomenergy.com.
About Intuit
Intuit Inc. creates business and financial management solutions that simplify the business of life for small businesses, consumers and accounting professionals. Its flagship products and services include QuickBooks® and TurboTax®, which make it easier to manage small businesses and tax preparation and filing. Mint.com provides a fresh, easy and intelligent way for people to manage their money while ProSeries® and Lacerte® are Intuit's leading tax preparation offerings for professional accountants.
Founded in 1983, Intuit had revenue of $4.2 billion in its fiscal year 2015. The company has approximately 7,700 employees with major offices in the United States, Canada, the United Kingdom, India and other locations. More information can be found at www.intuit.com.
