Energy usage at Fremont, California, site is net-zero with installation of new solar panels and power purchase agreement
12 Junio 2023 - 10:00AM
BASF Environmental Catalyst and Metal Solutions (ECMS) today
announced energy usage at its site in Fremont, California, is
net-zero with the installation of 428 rooftop solar panels. In
addition, the site, which manufactures ready-to-use products for
end users such as thermocouples and optical pyrometers, will gain a
30 percent savings on energy costs. The new solar panels will
produce 230,000 kilowatts annually, which offsets 100 percent of
what the site is currently using.
“Sustainability is a top priority for our company and this
investment in net zero emissions at our Fremont site demonstrates
this commitment,” said Jim Peterson, Temperature Sensing General
Manager at ECMS. “This project also shows that it is possible to
make significant modifications in energy use that protect the
climate and improve the bottom line.”
The installation of solar panels was made possible by signing a
long-term solar Power Purchase Agreement (PPA) with Trinary
Capital, which developed and funded the project through its
subsidiary, Trinary Energy. The PPA will provide the Fremont
location with renewable, low-cost power for decades to come.
“We are extremely happy to help such an established and
innovative company like BASF to not only lower the cost of their
electricity for decades, but also to help them to achieve long-term
sustainability goals,” said Jeremy Horton, CEO of Trinary Capital.
“We look forward to working with them on future locations in the
U.S."
Solar panels have already been installed at BASF’s North America
headquarters in Florham Park, New Jersey, although this is the
first BASF site in California that has fully installed solar panels
onsite.
“For BASF overall, this is part of our ongoing journey to meet
our sustainability goals,” said David Mazzia, Manager of Energy
Management at BASF. “All of our sites – large and small – can help
move our sustainability goals onward.”
The project was also made possible by The Solar Power Couple,
which helped to facilitate the collaboration between BASF, Trinary
and The Solar Power Couple. The company put the specifications
together to match the site’s needs and installed the solar panels
at the site.
“We’re very passionate about helping the environment,” said
Solar Power Couple Founder and CEO Jimmy Le. “We want to help small
business owners and large corporations to maximize tax incentives
and help keep their businesses efficient in terms of cash flow and
offering solutions for them to be more sustainable.”
About BASF in FremontThe site in Fremont is a
part of BASF Environmental Catalyst and Metal Solutions. The site
manufactures ready-to-use products for end users, such as
thermocouples and optical pyrometers – temperature sensors for
non-contact temperature measurement. They are primarily used where
temperatures have to be precisely and reliably monitored in what
can be extremely hot environments, i.e., applications such as glass
manufacturing, the production of semiconductors, solar modules and
turbines, laser welding and metal recycling processes. More
information at www.catalysts.com/tempsensing
About BASFBASF Corporation, headquartered in
Florham Park, New Jersey, is the North American affiliate of BASF
SE, Ludwigshafen, Germany. BASF has approximately 16,000 employees
in North America and had sales of $25.7 billion in 2022. For more
information about BASF’s North American operations, visit
www.basf.com/us.
At BASF, we create chemistry for a sustainable
future. We combine economic success with environmental protection
and social responsibility. More than 111,000 employees in the BASF
Group contribute to the success of our customers in nearly all
sectors and almost every country in the world. Our portfolio
comprises six segments: Chemicals, Materials, Industrial Solutions,
Surface Technologies, Nutrition & Care and Agricultural
Solutions. BASF generated sales of €87.3 billion in 2022. BASF
shares are traded on the stock exchange in Frankfurt (BAS) and as
American Depositary Receipts (BASFY) in the United States. Further
information at www.basf.com.About Trinary
CapitalTrinary Capital is a service-disabled veteran owned
small business (SDVOSB) and Registered Investment Adviser. Through
its subsidiary, Trinary Energy, it has funded over twenty solar
projects in the US and its Territories since 2021. Currently, it
has a focus on Commercial and Industrial, corporate, and large
agricultural clients. Learn more at www.trinarycapital.com.
About Trinary EnergyAt Trinary
Energy, we empower agricultural communities, large, and small
businesses to transition towards a sustainable future by providing
reliable and affordable renewable energy solutions. We believe that
by prioritizing the needs of our customers and the environment, we
can create a world where economic growth and ecological
sustainability go hand in hand.
Middle market solar has emerged as a key driver in the renewable
energy revolution, offering a transformative solution for
businesses and organizations seeking to embrace sustainable
practices. Positioned between residential and utility-scale solar,
middle market solar installations cater to the energy needs of
commercial and industrial sectors, educational institutions,
nonprofits, agricultural enterprises, and municipalities. With a
focus on cost-effectiveness and customized solutions, middle market
solar providers bring the benefits of solar power to a broader
range of customers. By leveraging economies of scale, innovative
financing models, and advanced technologies, Trinary Energy
empowers businesses to reduce their carbon footprint, lower energy
costs, and achieve long-term energy independence, while
contributing to a cleaner and greener future for all. Learn more at
www.trinaryenergy.com.
About Solar Power CoupleSolar Power Couple is a
clean energy partner bringing residential, commercial and
utility-scale energy and storage solutions to customers, delivering
value and viability to both energy buyers and asset investors. The
company’s expertise includes project consultation, management, and
offer PPA Financing with its partner, Trinary Capital. Solar Power
Couple team has successfully developed more than 10 MW from initial
concept to commercial operation and is currently developing a
pipeline of 20 MW of early- to mid-stage projects. Learn more at
www.solarpowercouple.co.
Media Relations contactStephanie MalinPhone: +1
225-210-3696Stephanie.malin@basf.com
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