JP Morgan Chase plans to solely rely on renewable energy by 2020

The firm plans to be fully reliant on renewable energy by 2020, and to facilitate $200 billion in clean financing through 2025.


The firm has property in more than 60 countries that totals approximately 75 million square feet, according to a press release.

JPMorgan will develop on-site solar-power generation at up to 1,400 retail and 40 commercial buildings.

The firm will launch a pilot program to install solar panels at Chase branches in California and New Jersey. It will also install large-capacity fuel-cell technology at commercial sites and small-capacity fuel cells at retail sites.

To cut current energy consumption, JPMorgan will partner with GE’s Current to install LED lights at about 4,500 Chase branches.

It will also work with Current to synchronize building systems, which is expected to reduce energy consumption. JPMorgan will add thermal energy blankets above ceiling tiles in more than $1,700 retail branches.

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