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January 9, 2024

SR Inc Member-Client Thermo Fisher Scientific Announces Buyer-Aggregated, Value Chain-Aligned VPPA through the NZCB

In December, 2023, SR Inc Member-Client Thermo Fisher Scientific announced that the company signed a buyer-aggregated VPPA to build the Serbal Solar project located in Spain, alongside its value chain partner Eurofins. The value chain-aligned procurement was supported by SR Inc’s Net Zero Consortium for Buyers and championed by Matthew Yamatin, Thermo Fisher’s Sustainability Program Director, & Francesco Cordasco at Eurofins.

Thermo Fisher’s 91MW & Eurofins’ 36MW offtakes are uniquely positioned to drive sustainability impact along the value chain, reducing both Thermo Fisher’s & Eurofins’ respective Scope 2 and Scope 3 emissions.

Key impacts of Thermo Fisher’s 91MW offtake from the Serbal Solar Project, developed by ib vogt GmbH, include:

  • The delivery of approximately 192,000 MWh of renewable energy annually, matching over half of the company’s addressable European sites with 100% renewable electricity
  • Accelerating Thermo Fisher Scientific towards its commitment to 80% renewable electricity globally by 2030

For Eurofins, this VPPA provides:

  • 76,000 MWh of renewable electricity annually for 15 years
  • Renewable electricity to fully mitigate electricity emissions for more than one-third of its addressable European footprint

Questions about value-chained aligned procurements? Reach out to SR Inc’s experienced team in the Net Zero Consortium for Buyers.

Learn more here.