August 4th, 2009
BETHESDA, Md., Aug. 4 - The U.S. Environmental Protection Agency (EPA) has recognized Lockheed Martin (NYSE: LMT) as one of the country's top green power purchasers. The corporation is a member of the EPA's Green Power Partnership.
In the EPA's July 2009 Top Partner Rankings, Lockheed Martin ranked 17th on the agency's Fortune 500 Challenge List and 35th on its National Top 50 List, which is comprised of the top green power purchasers from industry, government, and colleges and universities.
In 2009, Lockheed Martin purchased 98,063,334 kilowatt-hours (kwh) of green power, which represents 5 percent of the corporation's total electricity usage. According to EPA calculations, Lockheed Martin's green power purchase is the equivalent of purchasing enough electricity to power nearly 9,768 average American homes annually or the equivalent of avoiding the carbon dioxide (CO2) emissions of nearly 12,898 passenger vehicles per year.
The EPA's Green Power Partnership is a voluntary program that encourages organizations to buy green power as a way to reduce the environmental impacts associated with purchased electricity use. The partnership currently has hundreds of partner organizations voluntarily purchasing billions of kilowatt-hours of green power annually. The combined purchases from the National Top 50 List amount to nearly 12.3 billion kwh annually.
"It is an honor to be recognized by the EPA for our partnership," said Dr. David Constable, vice president, Lockheed Martin Energy, Environment, Safety & Health. "Lockheed Martin's purchase of green power is an important component of a corporate energy strategy that also includes lowering energy demand and reducing emissions. Our energy strategy is a critical piece of our overall efforts to build sustainable business practices across Lockheed Martin."
Lockheed Martin's Go Green program supports the corporation's business strategies, its commitment to being a responsible corporate citizen, and its customers' conservation objectives. With a goal to reduce energy use by 25 percent by 2012, Lockheed Martin continually looks for new ways to reduce its energy usage and to lower greenhouse gas emissions.
Currently, the corporation is reducing its energy usage by building and operating greener, more-efficient buildings, embarking on Green IT activities, constructing on-site renewable energy projects, and purchasing renewable energy credits. Green power purchasing is an integral component of Lockheed Martin's overall greenhouse gas reduction strategy.
In addition to reducing its own environmental impact, Lockheed Martin is working with its customers to address the nation's energy and climate challenges in the areas of energy efficiency, management, next-generation alternative energy generation, and climate monitoring. The Corporation provides a full range of energy solutions to the government and regulated industry, including the Department of Energy, state and regional energy organizations, utilities and businesses.
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 146,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.
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