By Chris Wack
SodaStream, a subsidiary of PepsiCo, has entered into a corporate power-purchase agreement with Enlight Renewable Energy, a global renewable-energy platform.
The agreement would enable SodaStream's global production sites in Israel to operate using renewable energies beginning in 2024.
The electricity would be sourced from Enlight's solar and storage facilities, as part of the new market regulations in Israel.
The agreement marks a significant milestone for SodaStream, as the company aims to transition to 100% renewable energy at all of its global production sites in Israel by the beginning of 2024, and achieve net-zero emissions by 2040.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
August 01, 2023 12:26 ET (16:26 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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