Ahold turns to solar panels, lowers thermostats to save energy

Published On : 11/09/2022

By Richa Naidu and Toby Sterling

LONDON (Reuters) – Supermarket group Ahold Delhaize is turning to renewable energy and lowering the temperature in its stores to help offset soaring gas prices.

Energy bosses and government officials throughout Europe have urged people and businesses to reduce power use and put in place contingency plans so they are less reliant on gas imports if there are shortages linked to the war in Ukraine.

Ahold – the owner of more than 20 retail brands including Albert Heijn in the Netherlands and Stop & Shop in the United States – is among those cutting its energy use, as gas prices are expected by some to remain high for years.

Companies are also under pressure from consumers and investors to use more renewable energy and waste less to meet environmental goals.

“We want to show consumers this is something we’re being proactive on. On the other hand, it really does save money for us that we’re able to then translate back into savings for the customer,” Ahold’s finance chief Natalie Knight told Reuters.

Knight said Ahold had installed a “huge number of solar panels” across its stores.

One particular Albert Heijn distribution centre, for instance, has “close to 5,500 solar panels on the top and that means we’re being able to just in that one location get enough energy for (the equivalent of) 900 Dutch households,” she said.

Retailers SPAR Austria and Carrefour have also said they are reducing energy consumption.

In Delhaize Belgium we’ve done things also with the lighting in the parking lots and making sure the temperature is more at 19 degrees than the traditional 21 degrees,” said Knight. If you look at other stores, we’re doing things with the technologies, the LED lighting.”

(Reporting by Richa Naidu and Toby Sterling; Editing by Matt Scuffham, Elaine Hardcastle)

Wanda Rich

Wanda Rich has been the Editor-in-Chief of Global Banking & Finance Review since 2011, playing a pivotal role in shaping the publication’s content and direction. Under her leadership, the magazine has expanded its global reach and established itself as a trusted source of information and analysis across various financial sectors. She is known for conducting exclusive interviews with industry leaders and oversees the Global Banking & Finance Awards, which recognize innovation and leadership in finance. In addition to Global Banking & Finance Review, Wanda also serves as editor for numerous other platforms, including Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.