Skip to content
Search AI Powered

Latest Stories

Prologis reaches halfway mark of generating 1 gigawatt of solar power by 2025

500 megawatt milestone is enough juice to power 86,500 U.S. homes, real estate firm says

prologis Screen Shot 2023-12-06 at 4.36.01 PM.png

The logistics real estate firm Prologis says that rooftop solar and storage installations on its buildings can now generate 500 megawatts (MW) of energy – a milestone that puts the company halfway to its goal of one gigawatt (GW) of solar supported by storage by 2025.

By comparison, 500 MW of power can support the energy needs of some 86,500 U.S. homes. According to Prologis, it reached that mark when it recently activated a one MW facility in Ontario, California. The company has been installing solar in its buildings since 2005, and has increased its rooftop solar generation 32% since September 30, 2022.


In 2022, Prologis announced a goal to achieve net zero emissions across its operations and value chain by 2040. Along the way, the company has set interim goals to track its progress, which include achieving one GW of solar by 2025, supported by energy storage. And with its large global footprint, Prologis projects it could eventually add as much as six GW of solar and storage capacity to its portfolio over the long term.

"Solar plays a central role in our work to achieve net zero emissions,” Susan Uthayakumar, Prologis' chief energy and sustainability officer, said in a release. "Prologis has long invested in solar and increasing the amount of solar on the roofs of our buildings goes far to help us meet customer demand for cleaner energy while also contributing to the decarbonization of local grids.”

Some of Prologis’ solar generation feeds directly into local electrical grids, providing emissions-reduction and grid resilience benefits to local communities through the local utility. For example, in a partnership with the Clean Power Alliance (CPA) in California, Prologis will install solar panels on existing facilities and provide renewable energy to the CPA, which will serve disadvantaged communities by providing fixed-rate, clean energy to local neighborhoods. The company also has similar solar projects in Illinois, Washington State, New York, and New Jersey.

 

 

 

The Latest

More Stories

frigo-trans truck hauling healthcare cargo

UPS acquires two German healthcare logistics specialists

Parcel carrier and logistics provider UPS Inc. has acquired the German company Frigo-Trans and its sister company BPL, which provide complex healthcare logistics solutions across Europe, the Atlanta-based firm said this week.

According to UPS, the move extends its UPS Healthcare division’s ability to offer end-to-end capabilities for its customers, who increasingly need temperature-controlled and time-critical logistics solutions globally.

Keep ReadingShow less

Featured

screenshot of map of shipping risks

Overhaul lands $55 million backing for risk management tools

The supply chain risk management firm Overhaul has landed $55 million in backing, saying the financing will fuel its advancements in artificial intelligence and support its strategic acquisition roadmap.

The equity funding round comes from the private equity firm Springcoast Partners, with follow-on participation from existing investors Edison Partners and Americo. As part of the investment, Springcoast’s Chris Dederick and Holger Staude will join Overhaul’s board of directors.

Keep ReadingShow less
Report: Five trends in AI and data science for 2025

Report: Five trends in AI and data science for 2025

Artificial intelligence (AI) and data science were hot business topics in 2024 and will remain on the front burner in 2025, according to recent research published in AI in Action, a series of technology-focused columns in the MIT Sloan Management Review.

In Five Trends in AI and Data Science for 2025, researchers Tom Davenport and Randy Bean outline ways in which AI and our data-driven culture will continue to shape the business landscape in the coming year. The information comes from a range of recent AI-focused research projects, including the 2025 AI & Data Leadership Executive Benchmark Survey, an annual survey of data, analytics, and AI executives conducted by Bean’s educational firm, Data & AI Leadership Exchange.

Keep ReadingShow less
aerial photo of port of miami

East and Gulf coast strike averted with 11th-hour agreement

Shippers today are praising an 11th-hour contract agreement that has averted the threat of a strike by dockworkers at East and Gulf coast ports that could have frozen container imports and exports as soon as January 16.

The agreement came late last night between the International Longshoremen’s Association (ILA) representing some 45,000 workers and the United States Maritime Alliance (USMX) that includes the operators of port facilities up and down the coast.

Keep ReadingShow less
Logistics industry growth slowed in December
Logistics Managers' Index

Logistics industry growth slowed in December

Logistics industry growth slowed in December due to a seasonal wind-down of inventory and following one of the busiest holiday shopping seasons on record, according to the latest Logistics Managers’ Index (LMI) report, released this week.

The monthly LMI was 57.3 in December, down more than a percentage point from November’s reading of 58.4. Despite the slowdown, economic activity across the industry continued to expand, as an LMI reading above 50 indicates growth and a reading below 50 indicates contraction.

Keep ReadingShow less