131-Acre Solar and Battery Storage Project in
‘Ewa designed to Power 10,000 Homes with Clean, Renewable
Energy
Speakers included U.S. Senator Mazie Hirono,
Lt. Governor Josh Green and Meredith Berger, Assistant Secretary of
the U.S. Navy
Ameresco, Inc., (NYSE: AMRC), a leading clean technology
integrator specializing in energy efficiency and renewable energy,
and Bright Canyon Energy, a leading developer of energy
infrastructure, hosted a groundbreaking and blessing ceremony for
the Kūpono Solar Project on Friday, October 7, 2022.
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Ameresco and Bright Canyon Energy Host
Groundbreaking Ceremony for 131-Acre Solar and Battery Storage
Project in ‘Ewa designed to Power 10,000 Homes with Clean,
Renewable Energy. (Photo: Business Wire)
This combined solar and battery storage system will be built at
the Joint Base Pearl Harbor-Hickam West Loch Annex in Hawai‘i. Once
operational, the project is designed to deliver 42 megawatts (MW)
of clean, renewable energy to Hawaiian Electric’s (HECO) grid on
the island of O‘ahu. Attendees at the event heard from U.S. Senator
Mazie Hirono, Lt. Governor Josh Green, and Meredith Berger,
Assistant Secretary of the U.S. Navy for Energy, Installations, and
Environment.
Using approximately 131 acres of Federal land, the Kūpono Solar
Project will feature the installation of a 42-MW photovoltaic solar
array and 42 MW/168 MWh (four-hour duration) of lithium-ion battery
storage system. The batteries are designed to store solar energy
beyond sunset hours, enabling the project to deliver sustainable,
renewable energy to power approximately 10,000 homes on O‘ahu.
Additionally, once fully operational, the project is expected to
reduce more than 50,000 tons of carbon dioxide annually from
Hawai‘i’s environment, which is the equivalent to offsetting
emissions from 12,000 cars annually.
“Today, we are taking significant strides to strengthen our
state’s energy security and resilience, and thanks to the ‘Ewa
community, Navy, Hawaiian Electric, Ameresco and Bright Canyon
Energy, we are now steps closer to reaching Hawai‘i’s renewable
energy vision of achieving 100% clean energy by 2045,” said Lt.
Governor Josh Green.“Kūpono Solar is a landmark initiative for us
that will not only benefit our state’s economy but will also
bolster our sustainability efforts and local communities through
stable, affordable energy, innovative technology and job
creation.”
Ameresco and Bright Canyon Energy established a joint venture in
2021 known as Kūpono Solar Development Company, LLC to advance the
Kūpono Solar Project, which is the first project of the joint
venture. In support of the Department of Defense’s long-term energy
security initiative to increase clean energy reliability and
military capabilities, and the state’s goals of renewable energy
and decarbonization, Kūpono Solar has a 37-year land lease
agreement with the Navy to provide critical energy resiliency
upgrades for O’ahu.
“The Department of the Navy is proud to partner with the Kūpono
Solar team and Hawaiian Electric as we enhance mission and
community resilience and move purposefully towards Hawaii and
Navy’s energy goals,” said Meredith Berger, Assistant Secretary of
the Navy for Energy, Installations, and Environment. “This is a
great example of climate action, building access to clean, reliable
energy sources inside and outside the fenceline.”
Kūpono Solar will own and operate this solar and battery project
under a 20-year power purchase agreement with Hawaiian Electric.
The project will benefit the state’s long-term clean energy
transition plan while setting the foundation for Ameresco and
Bright Canyon Energy to bring a diversified portfolio of clean
energy solutions to Hawai‘i in the future.
“The start of this project comes at a time when the need for
consistent energy security and independence is at an all-time
high,” said Nicole Bulgarino, Executive Vice President and General
Manager of Federal Solutions, Ameresco. “The solar and battery
storage solutions that are being implemented will deliver clean,
renewable energy to the grid and benefit businesses and residents
across Hawai‘i.”
“Through our strategic relationships with the Navy, Hawaiian
Electric and the community, we are able to leverage clean
technology and infrastructure upgrades to help the state of Hawai‘i
reach its renewable energy goals and the Navy achieve its climate
and energy resiliency objectives,” said Jason Smith, General
Manager, Bright Canyon Energy. “It’s energizing to work with a
group of partners committed to bringing this key energy
infrastructure to O‘ahu and its residents.”
Construction on the Kūpono Solar Project is expected to be
completed in early 2024.
About Ameresco, Inc. Founded in 2000, Ameresco, Inc.
(NYSE: AMRC) is a leading independent clean technology integrator
of comprehensive services, energy efficiency, infrastructure
upgrades, asset sustainability and renewable energy solutions for
businesses and organizations throughout North America and Europe.
Ameresco’s sustainability services include upgrades to a facility’s
energy infrastructure and the development, construction, and
operation of renewable energy plants. Ameresco has successfully
completed energy saving, environmentally responsible projects with
Federal, state, and local governments, healthcare and educational
institutions, housing authorities, and commercial and industrial
customers. With its corporate headquarters in Framingham, MA,
Ameresco has more than 1,000 employees providing local expertise in
the United States, Canada, and Europe. For more information, visit
www.ameresco.com.
About Bright Canyon Energy Bright Canyon Energy is a
developer, owner, and operator of electric infrastructure in the
United States. The company creates sustainable energy solutions for
customers, focusing on clean energy, microgrids, energy storage and
transmission. With headquarters in Phoenix, Bright Canyon Energy is
a wholly owned subsidiary of Pinnacle West Capital Corp. (NYSE:
PNW).
Ameresco’s announcement of entering into a contract for an
energy asset is not necessarily indicative of the timing or amount
of revenue from the energy asset, of the company’s overall revenue
for any particular period or of trends in Ameresco’s overall total
assets in development or operation. This project was included in
Ameresco’s previously reported assets in development as of June 30,
2022.
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version on businesswire.com: https://www.businesswire.com/news/home/20221011005806/en/
Media Contacts: Ameresco: Leila Dillon, 508.661.2264,
news@ameresco.com Bright Canyon Energy: Alan Bunnell, 602.250.3376,
alan.bunnell@pinnaclewest.com
Investor Relations: Eric Prouty, AdvisIRy Partners,
212.750.5800, eric.prouty@advisiry.com Lynn Morgen, AdvisIRy
Partners, 212.750.5800, lynn.morgen@advisiry.com
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