Protective, a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, on Thursday announced the deal with the power company. Protective’s 620,000-square-foot headquarters on U.S. 280 anchors the company’s Birmingham-based workforce of 1,500 and will now anchor its sustainable future.
The estimated energy use at Protective’s headquarters per year is equivalent to 19 million kilowatt-hours of wind energy.
“At Protective, we are committed to investing for the future,” said Scott Adams, executive vice president, Corporate Responsibility, Strategy and Innovation of Protective. “We are fortunate to have an innovative company like Alabama Power in our backyard, enabling us to power our headquarters with 100% renewable energy. As two of Alabama’s largest employers, we have a responsibility to help build a sustainable future.”
Alabama Power uses a Renewable Energy Credit (REC) program to connect customers like Protective with renewable energy. The program allows commercial customers to collaborate with Alabama Power to invest together in a clean energy future and make a positive impact by purchasing energy credits from a renewable resource, making the world greener and increasing demand for clean energy in new ways.
“Alabama Power is committed to providing the future of reliable and sustainable energy our customers want and trust us to deliver,” said Tony Smoke, senior vice president of Marketing and Economic Development of Alabama Power. “Through this partnership, we fulfill our mission to serve the needs of our customers first, by equipping Protective Life with affordable and cost-effective renewable energy.”
The RECs retired for Protective’s headquarters were sourced through Alabama Power from the Chisholm View Wind Farm in Oklahoma, which provides power to Alabama Power under a long-term contract. Alabama Power uses the energy and RECs it receives under this contract for programs like this one to serve subscribing customers with renewable energy. Alabama Power has the ability to sell the remaining RECs, either bundled or separately, to third parties for the benefit of customers. Effective immediately, Protective’s agreement covers all of 2021 and is renewable for additional years.