Spirit AeroSystems, Inc. (“Spirit” or “Spirit AeroSystems”), a
wholly owned subsidiary of Spirit AeroSystems Holdings, Inc. (NYSE:
SPR), today announced the conversion to 100% wind-generated
electricity at the company’s headquarters in Kansas, USA. This
major energy transition is one of a number of initiatives
accelerating Spirit’s transformation to more environmentally
responsible operations.
“Harnessing a local renewable and reliable resource dramatically
reduces our corporate carbon emissions, a key priority for Spirit
in achieving our sustainability goals,” said Tom Gentile, president
and CEO of Spirit AeroSystems. “Improving both our environmental
and operational performance builds competitiveness in our business,
which means we can continue to support our local economy and secure
our long-term future in Kansas.”
The Spirit Wichita facility employs approximately 10,000 people
and has 12 million square feet of manufacturing capacity where it
builds fuselages and other aerostructures for Boeing, Airbus, and
Defense contractors. The conversion to Wichita’s facility increases
Spirit’s global renewable electricity percentage to 75%.
“Renewable energy is a key component of our strategy to achieve
a 30% absolute reduction in Greenhouse Gas emissions from our
operations by 2030,” said Chris Ladwig, senior director &
sustainability leader at Spirit AeroSystems. “Transitioning our
Wichita site to 100% wind electricity greatly accelerates our
ability to meet this target.”
Spirit Wichita’s wind power will come from 62 wind turbines that
are part of a wind farm called Flat Ridge 3 in Kingman County that
is owned and operated by a subsidiary of American Electric Power.
Spirit then has an agreement with Evergy which enables the company
to purchase clean electricity at a competitive cost via a long-term
contract, significantly increasing the operational efficiency of
its largest global site.
“Abundant wind energy resources in our area provide great
opportunities to serve Evergy customers with affordable, clean
energy,” said Chuck Caisley, Evergy senior vice president and chief
customer officer. “Wind energy development also brings economic
investment and jobs to communities near wind farms.”
“Our Flat Ridge 3 wind project adds more clean energy to AEP’s
nearly 1,600 megawatt portfolio of competitive wind, solar and
storage assets,” said Greg Hall, executive vice president of Energy
Supply, AEP. “This project not only supplies renewable energy to
Evergy customers, but also provides valuable economic benefits,
such as tax revenue and jobs, to communities in Kingman
County.”
On the web: www.spiritaero.com On Twitter: @SpiritAero
About Spirit AeroSystems, Inc.
Spirit AeroSystems is one of the world’s largest manufacturers
of aerostructures for commercial airplanes, defense platforms, and
business/regional jets. With expertise in aluminum and advanced
composite manufacturing solutions, the company’s core products
include fuselages, integrated wings and wing components, pylons,
and nacelles. We are leveraging decades of design and manufacturing
expertise to be the most innovative and reliable supplier of
military aerostructures, and specialty high-temperature materials,
enabling warfighters to execute complex, critical missions. Spirit
also serves the aftermarket for commercial and business/regional
jets. Headquartered in Wichita, Kansas, Spirit has facilities in
the U.S., U.K., France, Malaysia and Morocco. More information is
available at www.spiritaero.com.
About AEP’s Competitive Operations
American Electric Power (Nasdaq: AEP) subsidiaries AEP
Renewables, AEP Energy, AEP Energy Partners, and OnSite Partners
deliver a wide array of innovative competitive energy solutions
nationwide. With a commitment to a clean energy future, AEP’s
competitive businesses currently own over 1,900 megawatts of wind,
solar and energy storage on both a utility scale and distributed
scale basis. Solving energy problems for customers, AEP Renewables
and its affiliates own and operate over 90 behind-the-meter
projects in 26 different states and have an active development
pipeline across the U.S. As a competitive retail and wholesale
electricity and natural gas supplier, AEP Energy serves over
700,000 residential and business customers in 28 service
territories in six states and Washington, D.C. As one of the
largest wholesale suppliers in the country, AEP Energy Partners
specializes in offering customized wholesale power supply products
based on the specific needs of customers’ electric systems within
ERCOT, MISO, PJM and SPP. AEP Energy Partners also sells renewable
energy through long-term contracts with utilities, electric
cooperatives, municipalities and corporate customers. Based in
Columbus, Ohio, Chicago, Illinois and San Diego, California, AEP’s
family of competitive companies takes pride in making it easy for
customers and partners to buy, manage and use energy. For more
information, visit www.aeprenewables.com.
About Evergy, Inc.
Evergy, Inc. (NYSE: EVRG) serves approximately 1.6 million
customers in Kansas and Missouri. We were formed in 2018 when
long-term local energy providers KCP&L and Westar Energy
merged. We generate nearly half the power we provide to homes and
businesses with emission-free sources. We support our local
communities where we live and work, and strive to meet the needs of
customers through energy savings and innovative solutions.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains "forward-looking statements" that
may involve many risks and uncertainties. Forward-looking
statements generally can be identified by the use of
forward-looking terminology such as "aim," "anticipate," "believe,"
"could," "continue," "estimate," "expect," "goal," "forecast,"
"intend," "may," "might," "objective," "outlook," "plan,"
"predict," "project," "should," "target," "will," "would," and
other similar words, or phrases, or the negative thereof, unless
the context requires otherwise. These statements reflect
management's current views with respect to future events and are
subject to risks and uncertainties, both known and unknown. Our
actual results may vary materially from those anticipated in
forward-looking statements. We caution investors not to place undue
reliance on any forward-looking statements. Important factors that
could cause actual results to differ materially from those
reflected in such forward-looking statements and that should be
considered in evaluating our outlook include, without limitation,
the impact of the COVID-19 pandemic on our business and operations;
the timing and conditions surrounding the full worldwide return to
service (including receiving the remaining regulatory approvals) of
the B737 MAX, future demand for the aircraft, and any residual
impacts of the B737 MAX grounding on production rates for the
aircraft; our reliance on Boeing for a significant portion of our
revenues; our ability to execute our growth strategy, including our
ability to complete and integrate acquisitions; our ability to
accurately estimate and manage performance, cost, and revenue under
our contracts; demand for our products and services and the effect
of economic or geopolitical conditions in the industries and
markets in which we operate in the U.S. and globally; our ability
to manage our liquidity, borrow additional funds or refinance debt;
and other factors disclosed in our filings with the Securities and
Exchange Commission. These factors are not exhaustive and it is not
possible for us to predict all factors that could cause actual
results to differ materially from those reflected in our
forward-looking statements. These factors speak only as of the date
hereof, and new factors may emerge or changes to the foregoing
factors may occur that could impact our business. Except to the
extent required by law, we undertake no obligation to, and
expressly disclaim any obligation to, publicly update or revise any
forward-looking statements, whether as a result of new information,
future events, or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220216006140/en/
Media: Forrest Gossett 316-803-2975
forrest.gossett@spiritaero.com
Investor Relations: Ryan Avery or Aaron Hunt (316) 523-7040
investorrelations@spiritaero.com
Spirit Aerosystems (NYSE:SPR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Spirit Aerosystems (NYSE:SPR)
Historical Stock Chart
From Jul 2023 to Jul 2024