Starbucks has a long history of supporting renewable energy.
In 2020, Starbucks announced an innovative agreement with Terra-Gen, facilitated by LevelTen Energy, to virtually procure 5.5 megawatts of battery storage capacity and 24 megawatts of solar energy from Terra-Gen’s Edwards Sanborn Solar and Storage project. Starbucks is the first corporation to execute this type of financial agreement for utility-scale storage, produced in coordination with LevelTen and EnergyGPS. This innovative type of contract provides corporate buyers the economic benefits of storage and delivers developers a guaranteed revenue stream, enabling a more practical method for storage project financing. The Edwards & Sanborn solar-plus-storage project in California came online in January 2022 with 875MWdc of solar PV and 3,287MWh of battery energy storage system (BESS) capacity – the world’s largest at the time of opening.