The Business Magazine - B2B Business News - Site Logo
The Business Magazine January 2024
Read now

Renishaw switches to 100 per cent renewable electricity for UK operations

6 December 2023
The Business Magazine article image for: Renishaw switches to 100 per cent renewable electricity for UK operations
Tim Williams, Growth Manager at Ecotricity, Andy Jones, Purchasing Manager at Renishaw, Emma Brown, Sustainability Strategy Lead at Renishaw and Petros Chalkiadakis, Senior Growth Manager at Ecotricty

Gloucestershire-based global engineering technologies company Renishaw has partnered with Stroud-based green energy company, Ecotricity, which will now supply its main UK sites with 100 per cent renewable electricity.

As part of its ambitious climate transition plan, Wotton-under-Edge-based Renishaw aims to reduce emissions relating to its business activities and purchased energy — Scopes 1 and 2 — to Net Zero by 2028.

Its partnership with Ecotricity is the latest move towards exclusively using green energy across the globe, with its sites in India, Japan, Mexico and the USA among those already running on 100 per cent renewable electricity.

Challenging trading conditions for Renishaw

“So far, we've reduced Scope 1 and 2 emissions by 21 per cent compared to last financial year and our Net Zero commitments promise that we will go even further,” said Ben Goodare, Head of Sustainability at Renishaw.

“We self-generate 11 per cent of our electricity consumption and most of the electricity we buy is certified renewable — by the end of 2024, 100 per cent of what we purchase globally will meet our sustainability requirements.”

Goodare continued, “We try to work with local suppliers where possible to support our wider sustainability goals and Ecotricity is based in Stroud, Gloucestershire, which is close to many of our major UK operations.”

Renishaw has devised its climate transition plan as part of its commitment to three of the UN's sustainable development goals (SDGs).

The company has committed to SDG 8, which promotes sustainable economic growth, SDG 12 which aims to ensure sustainable consumption and production, and SDG 13 which urges organisations to take urgent action to combat climate change.

Visit Hampshire Biz News for bright, upbeat and positive business news from the county

“We're delighted to be supplying our Gloucestershire neighbours, Renishaw, with 100% green electricity,” said Paul Sands, Chief Growth Officer at Ecotricity.

“Renishaw is a torch-bearing company with well-respected products, and it is great to be helping them on their journey to sustainability. By being with us, they will also be helping us build more renewable generation, which Britain so urgently needs.”

To help find a new energy provider that met Renishaw's sustainability requirements for the business, it worked with Logical Utilities, a utilities consultancy based in Cheltenham.

Peter Davison is deputy editor of The Business Magazine. He has spent his life in journalism – doing work experience in newsrooms in and around Bristol while still at school, and landing his first job on a local newspaper aged 19. By 28 he was the youngest newspaper editor in the country.

An early advocate of online news, he spent the first years of the 2000s telling his bosses that the internet posed both the biggest opportunity and greatest threat to the newspaper industry and the art of journalism. He was right on both counts.

Since 2006 he has enjoyed a career as a freelance journalist. He lives in rural Wiltshire with one wife, two children, and three cats.

Related topics

Related articles

Upcoming events

view more

Solent SME Growth 100 dinner and Awards

The Halo Lounge, St Mary's Stadium, Southampton

More info

Business ownership and planning for the future - Employee Ownership - Roundtable

Harbour Hotel,
Southampton SO14 3QT
More info

Networking Drinks - Thames Valley Tech Sector

Malmaison Hotel
Reading, RG1 1JX
More info

Solent Deals Awards 2024

Hilton at the Ageas Bowl
More info

South Coast Property Awards 2024

Hilton at the Ageas Bowl
More info

Thames Valley Tech & Innovation Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info

Related articles