The energy matrix plays a fundamental role in the development and sustainability of society, representing the variety of energy sources used to meet the needs of a specific region, country, or sector.
Brazil stands out for its diversified energy matrix, with hydropower historically taking the lead due to its significant reduction in CO2 emissions, setting it apart from nations reliant on non-renewable sources.
Brazilian companies like Wheaton have emerged as leaders by investing in renewable energy sources, aiming to reduce dependence on fossil fuels and mitigate environmental impacts.
In this article, we will explore some of the renewable energy projects Wheaton is investing in:
Commitment to Clean Energy
In 2023, Wheaton made significant progress by adopting 100% hydropower-certified electricity across its facilities, eliminating greenhouse gas emissions under Scope 2 of its carbon inventory.
The company has also implemented innovative technologies, such as electric “boosting” powered by electrodes in furnaces. This approach enhances energy efficiency, improves glass production quality, and reduces atmospheric emissions.
Since 2018, Wheaton has transitioned from gas-powered forklifts to electric models, further reducing environmental and noise pollution while improving workplace quality and sustainability.
Green Light Project
Through the Green Light Project, photovoltaic panels have been installed on streetlight poles for public lighting. The stored solar energy powers the lights during the night. In 2023, 54 new panels were installed in the parking area, with the capacity to generate approximately 38,000 KWh annually. This energy could power about 20 homes for an entire year.
Wheaton’s diversification of its energy matrix underscores its commitment to sustainability in Brazil, highlighting the importance of companies actively promoting environmentally responsible practices. These initiatives represent progress toward a more sustainable future and serve as an inspiring example of how innovation and environmental consciousness can coexist harmoniously within the industry.