SKF has reached a significant sustainability milestone by entering two Renewable Energy Certificate (REC) purchase agreements in North America. This will enable SKF factories and facilities in the United States and Canada to achieve 100 percent renewable electricity. The first agreement focuses on investing in Green-e certified wind energy. This partnership will span through 2025, reinforcing SKF’s commitment to supporting renewable energy sources. The second is a twelve-year agreement, starting in 2026, signed with Clearway Energy Group (Clearway) for a portion of the RECs generated from a 452 MW solar farm currently under construction in Kent County, Texas.

The agreement with Clearway is SKF’s first long-term REC procurement at scale in the United States. This will enable SKF to effectively address 100 percent of its annual electricity consumption in its U.S. and Canadian facilities with renewable electricity. It will also help SKF make significant strides towards its aim to decarbonize the group’s operations by 2030 and become net zero throughout the value chain by 2050. The agreements are part of SKF’s broader sustainability agenda to reduce energy consumption, increase renewable energy use, and minimize environmental impact.