Formula E Championship: Leading the Way in Decarbonisation through Corporate PPAs and Renewable Energy

Formula E Championship is a professional motorsport racing series that operates in the Pro Sports & Related Activities sector. The company was founded in 2011 and is headquartered in London, United Kingdom. Formula E Championship is the world's first all-electric racing series, and it is committed to promoting sustainable mobility and decarbonisation through the use of electric vehicles (EVs) and renewable energy.

The company's mission is to accelerate the adoption of EVs and promote sustainable transportation solutions. Formula E Championship believes that motorsport can play a significant role in driving innovation and raising awareness of the benefits of EVs. The company aims to create a platform for manufacturers, teams, and drivers to showcase their technology and expertise in the field of sustainable mobility.

Formula E Championship's commitment to decarbonisation is reflected in its use of renewable energy to power its races. The company has partnered with Enel, a leading renewable energy company, to provide clean energy to its races. Enel's renewable energy sources, such as wind and solar power, are used to power the Formula E Championship's race tracks, which are located in cities around the world.

In addition to using renewable energy to power its races, Formula E Championship is also committed to promoting corporate energy solutions. The company offers corporate power purchase agreements (PPAs) to businesses that want to switch to renewable energy. A corporate PPA is a contract between a business and a renewable energy provider, which guarantees the purchase of a certain amount of renewable energy over a specified period. By offering corporate PPAs, Formula E Championship is helping businesses to reduce their carbon footprint and promote sustainable energy solutions.

Formula E Championship's commitment to decarbonisation and sustainable mobility has earned the company several accolades. In 2019, the company was awarded the United Nations Framework Convention on Climate Change (UNFCCC) Momentum for Change award for its contribution to reducing greenhouse gas emissions through the use of EVs and renewable energy. The company was also recognised by the Carbon Trust for its efforts to reduce carbon emissions and promote sustainable energy solutions.

Formula E Championship's commitment to decarbonisation is also reflected in its use of EVs in its races. The company's race cars are powered by electric motors, which produce zero emissions. By using EVs in its races, Formula E Championship is demonstrating the potential of EVs as a sustainable transportation solution. The company's use of EVs has also led to the development of new technologies and innovations in the field of sustainable mobility.

Formula E Championship's commitment to decarbonisation and sustainable mobility is not just limited to its racing series. The company is also involved in several initiatives and partnerships that promote sustainable transportation solutions. For example, the company has partnered with ABB, a leading technology company, to develop fast-charging solutions for EVs. The company has also partnered with the FIA, the governing body of motorsport, to promote sustainable mobility and decarbonisation in the motorsport industry.

In conclusion, Formula E Championship is a leading company in the Pro Sports & Related Activities sector that is committed to promoting decarbonisation and sustainable mobility through the use of renewable energy and EVs. The company's use of renewable energy to power its races, its corporate PPA offerings, and its commitment to promoting sustainable transportation solutions have earned it several accolades and recognition from industry experts. Formula E Championship is leading the way in promoting sustainable mobility and decarbonisation, and its efforts are contributing to a cleaner and more sustainable future.