What's Happening?
REC Solar, a developer based in San Luis Obispo, California, has partnered with Arctic Cold to implement a 3.3 MW rooftop photovoltaic (PV) project at Arctic Cold's new facility in Santa Maria, California. This project is part of REC Solar's independent
power producer portfolio, aimed at reducing energy costs and enhancing sustainability. The solar array is expected to offset approximately 83% of the facility's energy needs, resulting in first-year energy savings of $850,000. The project will also help Arctic Cold pursue LEED certification, a framework for energy-efficient buildings developed by the U.S. Green Building Council. Construction is set to begin following a utility study, with REC Solar owning and operating the installation.
Why It's Important?
The initiative by REC Solar and Arctic Cold highlights the growing trend of businesses investing in renewable energy to reduce operational costs and improve sustainability. By offsetting a significant portion of its energy needs, Arctic Cold can protect against future energy price increases, which is crucial for maintaining competitive advantage in the logistics and cold storage industry. The project also underscores the importance of renewable energy credits and LEED certification in promoting environmental responsibility. This move aligns with broader industry efforts to integrate renewable energy solutions, thereby reducing carbon footprints and enhancing corporate social responsibility.
What's Next?
The solar installation is expected to commence once the utility study is completed, with REC Solar anticipating approval in the short term. The project may include provisions for adding battery storage in the future, enhancing energy resilience and further reducing reliance on grid power. As Arctic Cold continues to expand its facilities, similar renewable energy projects could be implemented to maintain low energy costs and sustainability goals. The success of this project could encourage other companies in the logistics and cold storage sector to adopt similar strategies.
