Tuesday, October 29, 2013

Wal-Mart Now Draws More Solar Power Than 38 U.S. States

Solar panels on the Wal-Mart in Foothill Ranch, California. Courtesy Wal-Mart. Solar power and keg stands have one thing in common: Wal-Mart wants to profit from them. In the race for commercial solar power, Wal-Mart is killing it. The company now has almost twice as much capacity as second-place Costco. A better comparison: Wal-Mart is converting more sun into energy than 38 U.S. states. Source: U.S. Energy Information Administration. In the beer department, Wal-Mart recently decided alcohol was good business and vowed to double sales by 2016. The result: 500 reps from the alcohol industry converged on the Sam’s Club auditorium in Bentonville, Arkansas, for an “adult beverages summit” focused on Wal-Mart. “It’s even selling it in garden centers,” Bloomberg News’s Renee Dudley wrote in August.

With solar, will Wal-Mart have the same industry-focusing presence its had with booze? If small business is the heart of the U.S. economy, Wal-Mart is the gluteus maximus -- the power muscle. The company redefines global supply chains and crunches cost reductions in just about every area it touches. More than 80 publicly traded companies rely on Wal-Mart for 10 percent or more of their annual revenue, according to Bloomberg data. “When we find something that works -- like solar -- we go big with it,” the company’s website proclaims.

No comments:

Post a Comment