Washington Wizards, Capitals, Mystics and Valor
are now among the first professional sports teams powered by
offsite renewable energy
Monumental Sports & Entertainment and WGL Energy Services,
Inc. (WGL Energy), a WGL Holdings, Inc. company (NYSE: WGL), today
announced a partnership that will allow Verizon Center, home to the
Washington Wizards, Capitals, Mystics and Valor, as well as
concerts and other entertainment events, to purchase power from a
new solar facility in Maryland.
The solar electricity purchased by Monumental Sports &
Entertainment to power Verizon Center will be sourced from an
offsite, third-party owned solar facility in Frederick County, Md.,
and bundled with national solar renewable energy credits, allowing
the sports and entertainment facility to operate using 25 percent
solar energy.
“Offsite renewable energy is one of the fastest-growing sectors
within the energy industry,” said Dr. Louis J. Hutchinson III, Vice
President and Chief Revenue Officer for WGL. “As renewable energy
offerings continue to mature, it's exciting to see the sports
industry play a major role in sourcing offsite renewable
energy."
“Sustainability is at the core of our operations across all of
Monumental Sports & Entertainment,” said Dave Touhey, President
of Venues at Monumental Sports & Entertainment. “We are excited
to expand our energy relationship with WGL Energy by entering into
this new partnership to bring more renewable energy to Verizon
Center.”
Through this partnership with WGL Energy, Monumental Sports
& Entertainment will reduce its carbon footprint and support
the environment, while benefitting from electricity price certainty
at Verizon Center during the long-term contract.
Beginning in late 2017, Verizon Center will receive about 4.7
million kWh per year of energy from 3.5 MW of the solar project.
The carbon emissions avoided from the annual solar energy use are
equivalent to taking nearly 700 cars off the road for one year.
Verizon Center is a member of the Green Sports Alliance, and
through this unique new partnership, the Wizards, Capitals, Mystics
and Valor are among the first professional sports teams powered by
offsite renewable energy.
“While arenas or ballparks often have obstacles for installing
on-site energy sources due to limited space, offsite energy
provides opportunities for teams across the country to benefit from
renewable energy,” said Justin Zeulner, Executive Director at Green
Sports Alliance. “Verizon Center and its teams are setting a prime
example of promoting sustainable communities among their passionate
fan base.”
“Professional sports facilities, such as Verizon Center, consume
incredible amounts of electricity, and switching to solar power can
really reduce costs,” said Abigail Ross Hopper, president and CEO
of the Solar Energy Industries Association (SEIA). “This highly
innovative project is part of a trend being led by major
corporations, which see a significant return on their investment,
while improving air quality in communities across America.”
WGL has served as the official energy and greening partner of
Verizon Center since 2015. Through the partnership, WGL Energy has
donated carbon offsets to counterbalance emissions from Washington
Wizards, Washington Capitals and Washington Mystics home games,
concerts, and other events. Last year over 3,123 tons of greenhouse
gas emissions from 201 events at the arena were counterbalanced
with carbon offsets. This is equivalent to avoiding the consumption
of over 351,000 gallons of gasoline or taking 660 cars off the road
for 1 year.
About WGL Energy
WGL Energy delivers a full spectrum of energy offerings,
including electricity, natural gas, renewable energy, carbon
reduction, distributed generation and energy efficiency
solutions provided by WGL Energy Services, Inc. and WGL Energy
Systems, Inc. To learn more, visit us at www.wglenergy.com. Follow
us at @wglenergy on Twitter and WGL Energy on LinkedIn.
About WGL
WGL (NYSE: WGL), headquartered in Washington, D.C., is a leading
source for clean, efficient and diverse energy solutions. With
activities and assets across the U.S., WGL consists of Washington
Gas, WGL Energy, WGL Midstream and Hampshire Gas. WGL provides
natural gas, electricity, green power and energy services,
including generation, storage, transportation, distribution, supply
and efficiency. Our calling as a company is to make energy
surprisingly easy for our employees, our community and all our
customers. Whether you are a homeowner or renter, small business or
multinational corporation, state and local or federal agency, WGL
is here to provide Energy Answers. Ask Us. For more information,
visit us at www.wgl.com.
About Monumental Sports & Entertainment
Monumental Sports & Entertainment, located in Washington,
D.C., is one of the largest integrated sports and entertainment
companies in the country with one of the most diverse partnership
groups in all of sports. MSE owns and operates five professional
sports teams: the AFL’s Washington Valor and Baltimore Brigade,
NBA’s Washington Wizards, NHL’s Washington Capitals, WNBA’s
Washington Mystics. The company is also co-owner of aXiomatic,
which has controlling interest in global esports franchise Team
Liquid, and owns and operates Verizon Center in Washington, D.C.,
which is annually ranked as one of the top venues in the world by
industry publications Billboard, Pollstar and Venues Today.
Monumental Sports & Entertainment also manages Kettler Capitals
Iceplex, the state-of-the-art training facility for the Capitals
and EagleBank Arena on George Mason University’s campus. The
District of Columbia and Events DC are building a new sports and
entertainment facility in Southeast DC on the St. Elizabeth’s East
campus. The facility will feature a state-of-the art training
facility for the Washington Wizards and Washington Mystics and will
also include a 4,200 seat arena which will become the new home of
the Washington Mystics. The facility is scheduled to open in the
fall of 2018. Monumental Sports & Entertainment also co-owns
and operates Monumental Sports Network (MSN) with the NBC Sports
Group. MSN is the mid-Atlantic region’s top destination for
exclusive fan experiences and original sports content across
desktop, tablet, mobile and OTT streaming devices. Visit
www.monumentalsports.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170608005235/en/
WGL Energy Services, Inc.News Media:Bernie Tylor,
202-624-6778btylor@washgas.comorFinancial Community:Douglas
Bonawitz, 202-624-6129
Wgl (NYSE:WGL)
Historical Stock Chart
From Mar 2024 to Apr 2024
Wgl (NYSE:WGL)
Historical Stock Chart
From Apr 2023 to Apr 2024