UPS Invests $18 Million In On-Site Solar
February 07 2017 - 9:30AM
- UPS Solar Power Capacity to Increase Nearly Five-Fold as Part
of Long-Term Renewable Energy Commitment in UPS
Facilities
- Building on 13 Years of Experience with Solar Energy
UPS (NYSE: UPS) today announced plans to significantly escalate
its investment in solar energy as an owner/operator of solar assets
starting with at least eight of its facilities in the U.S. The
installations will be completed by the end of 2017. The estimated
$18 million investment will provide a nearly five-fold increase in
the amount of power generated from solar at UPS facilities
today.
With more than 2,580 UPS facilities worldwide, UPS is ideally
positioned to expand its investment in renewable energy. UPS
expects additional solar deployments to occur over the next several
years as it identifies suitable opportunities.
The completion of these projects will expand UPS’s owned solar
power generating capacity by almost 10 megawatts. The combined
power produced from these projects is equivalent to providing
electricity to approximately 1,200 homes annually. The expanded
solar portfolio is expected to reduce carbon emissions by
approximately 8,200 metric tonnes per year.
“Solar technology is a proven way to effectively and efficiently
provide long-term power to our facilities,” said Bill Moir,
director of Facilities Procurement, UPS. “We have a significant
number of facilities that are well positioned to deploy solar at
scale and increase our sustainable energy options for our buildings
and electric vehicles.”
Solar panels have the ability to generate electricity for more
than 25 years. UPS will purchase over 26,000 solar panels during
the expansion. Once installed, each building will effectively
produce 50 percent of its daily energy use via the sun. As a
result,UPS will own and operate the installations providing
additional flexibility over the long term. As a company with
significant engineering and construction expertise, UPS will also
be taking a leadership role in both the design and implementation
of these projects.
UPS’s investment in solar power began in 2004 in Palm Springs,
Calif., where solar panels were installed and are still generating
approximately 110 kilowatts of sustainable energy. Today, UPS also
produces solar power at its facilities in Lakewood, Parsippany and
Secaucus, N.J.
UPS continues to invest in alternative fuels for both its
stationary and mobile assets. The company has invested more than
$750 million in alternative fuel and advanced technology vehicles
and fueling stations globally since 2009. UPS deploys more than
8,100 vehicles in its Rolling Lab, matching what works best
in each situation. From old-fashioned pedal power and
electric-assisted bicycles in dense urban areas like London and
Hamburg to electric and hybrid electric vehicles in the U.S., and
natural gas, renewable natural gas and propane globally, UPS is
putting sustainability innovation into action, all over the
world.
About UPS
UPS (NYSE: UPS) is a global leader in logistics, offering a
broad range of solutions including transporting packages and
freight; facilitating international trade, and deploying advanced
technology to more efficiently manage the world of business. UPS is
committed to operating more sustainably – for customers, the
environment and the communities we serve around the world.
Learn more about our efforts at ups.com/sustainability.
Headquartered in Atlanta, UPS serves more than 220 countries and
territories worldwide. The company can be found on the web at
ups.com and its corporate blog can be found at longitudes.ups.com.
To get UPS news direct, visit pressroom.ups.com/RSS.
Kristen Petrella
404-828-4182
kpetrella@ups.com
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