pep+ REnew is a collaboration that aims to accelerate the adoption of renewable electricity and create a more resilient and carbon-efficient food system. Specifically, pep+ REnew is designed with two goals: 1) Educate PepsiCo’s value chain partners about their renewable electricity choices, and 2) quicken the transition to renewable electricity through aggregate power purchase agreements (PPAs) and other options.

Climate change is endangering our natural resources. It’s up to global companies to do something about it. So, PepsiCo is charting a new course to drive positive action for the planet and people. It’s called pep+ (PepsiCo Positive). PepsiCo is committed to net-zero emissions across the value chain by 2040 and reducing Scope 3 emissions – the emissions caused by the value chain – 40% by 2030 (against a 2015 baseline). Through pep+ REnew, PepsiCo aims to educate value chain partners, make renewable electricity more accessible, and leverage its resources for the greater good.   PepsiCo is inviting value chain partners to join and engage with the program. Schneider Electric will administer the program and be responsible for the educational content and for leading value chain partners through participation in an aggregate procurement program, if applicable. 

Participating in pep+ REnew enables you to learn more about renewable electricity options in a low-pressure way, supported by Schneider Electric. You will join other value chain partners learning about renewable electricity and the right procurement options for their company, up to and including a PPA.   Procuring renewable electricity is complex. It requires knowledge of market principles, terminology, unique contract structures, evaluation of and management of risks, and the involvement of internal stakeholders. This process may seem daunting, but pep+ REnew is designed to provide education and support from Schneider Electric to make the process easier.

A power purchase agreement (PPA) for renewable electricity is generally a long-term contract (typically 10-20 years) between a renewable electricity developer and a creditworthy buyer(s). PPAs enable renewable electricity developers to secure financing for new wind or solar projects and generally allow buyers to purchase renewable electricity in a cost-competitive manner.

No. There is no obligation or cost to participate. Participation in this program will not impact any PepsiCo procurement decisions. 

pep+ REnew is open to all value chain partners of PepsiCo. Initially, the program will be geared toward direct value chain partners in the United States and Europe.

Registration is simple. Click the Register tab of this website. Then, you will receive an invitation to an onboarding process from a Schneider Electric representative and be provided access to pep+ REnew Education Portal. There is no obligation or cost to participate.

An individual from your organization should register. Multiple individuals from the same company can register to receive access to the pep+ REnew Education Portal and webinars.

No. You can register at any time, but we encourage early participation. Educational webinars will begin in April-May 2022.

Once you have registered and your value chain partner status has been verified, you will be contacted to schedule an onboarding call with the Schneider Electric team. You will also receive your login credentials for the pep+ REnew Education Portal where you can access program resources and register for a series of curated educational webinars to help you learn more. These educational resources are designed to help you learn about your renewable electricity options and assess whether your organization would benefit from participating in a PPA purchase individually or alongside other participating value chain partners via a buyers’ cohort. Throughout the program, you may be asked to share details about your business that will allow Schneider Electric to assess your fit for the program.

Registration requires basic information including name, email, and company. You will also be asked about your electricity consumption by geography. 

Schneider Electric has been engaged by PepsiCo to design and implement the program. Schneider Electric is the world’s leading advisor on corporate renewable energy purchasing, having consulted on more than 11 gigawatts of new wind and solar PPAs since 2014. As an independent advisor, Schneider Electric focuses on helping corporate clients understand the costs, benefits, risks, and opportunities of all types of renewable energy contracts. Schneider Electric will coordinate the renewable energy project sourcing and provide value chain partner education and engagement.

The NEO Network is Schneider Electric’s curated community of 400+ organizations advancing reliable and cost-effective renewable energy and cleantech solutions around the world. The NEO Network is designed to simplify the renewable energy and cleantech buying process by connecting members to experts, viable projects and technologies, and exclusive market intelligence to enable and accelerate transaction decisions. Both an online platform and vibrant global community, the NEO Network provides the ideal environment for hosting the program. (Value chain partners will also have the option to join the NEO Network as part of this program but there is no cost or obligation to do so.) 

Contact the Schneider Electric team via email at peprenew@se.com.

All qualified corporate and industrial energy buyers can join Schneider Electric’s NEO Network at no cost. Visit www.neonetworkexchange.com to learn more. Other questions—including inquiries from renewable energy developers—can be emailed to the Schneider Electric team at peprenew@se.com.

Schneider Electric’s data privacy policy can be found here.
Notice: The data, including personal information, provided to Schneider Electric as part of the pep+ REnew program will be shared with PepsiCo to support tracking of progress against pep+ commitments , and will not be used as competitive criteria in PepsiCo sourcing decisions.