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Trio advises RTX on its largest renewable electricity deal to date
On April 18, RTX announced an agreement with ENGIE Resources LLC that will provide 100% renewable electricity to 12 of the company’s Texas facilities. Trio (formerly Edison Energy) is pleased to have served as RTX’s clean energy advisor on the agreement helping to identify, negotiate and secure the deal.
The agreement will begin with six RTX locations in Texas in 2024 and expand to 12 locations by 2028. This deal is RTX’s largest renewable energy procurement to date, nearly doubling the company’s usage of renewable electricity in 2023.
The agreement includes renewable energy certificates (RECs) from ENGIE’s Priddy Wind Project, located in Mills County, Texas, for a small portion of RTX’s forecasted load in 2024. The remainder of RTX’s load for 2024 and beyond will be sourced with electricity and RECs from several ENGIE renewable electricity projects in Texas, primarily new projects.
“Trio is proud of its collaboration with RTX and to have supported this innovative structure for retail-delivered renewable energy,” said Joey Lange, senior managing director, Energy Supply Advisory at Trio. “This initiative was the result of a combined process between multiple business units to make a significant impact on RTX’s decarbonization goals.”
For more information on RTX’s announcement, click here.
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