Adventist HealthCare to Save $1.25M By Locking In Renewable Energy Rates
Adventist HealthCare expects to save up to $1.25 million through mid-2013 after locking in electricity rates through a renewable energy purchasing contract.
The deal, which covers seven facilities in Maryland and New Jersey, means that those facilities can count renewable energy as 10 percent of their total electricity use, according to a press release.
The deal also enables Adventist to count an emissions reduction of 4,100 metric tons a year.
World Energy Solutions set up the deal through an auction on the World Energy Exchange.
This followed work between Adventist HealthCare and its consultant, The Walker Group, along with World Energy, to identify better ways to manage its energy portfolio, from understanding hidden costs in its current contracts to the advantages of proactively shopping the market.
World Energy pulled together Adventist HealthCare’s multiple electricity contracts and terms into a single, structured procurement event that attracted regional energy suppliers to bid.
Stay Up-to-Date On Environmental Management, Energy & Sustainability News with EL's Free Daily Newsletter
Energy Manager News
- Con Edison Development Procures GE Energy Storage System
- Courthouse Replaces Oversized Boiler
- Indoor Farming Company Works on HVAC with PUE 1.0
- Toolkits Designed to Help Health Care Facilities Reduce Energy
- San Antonio Macyâ€™s Store Showcases Better Buildings Challenge Measures
- Natural Gas Gensets to Reach 27 GW of Installed Capacity by 2024
- Larson Releases a Solar Powered Generator with Manual Crank Mast
- Energy Efficiency in Food Service Businesses