20 percent of America’s large C&I facilities can significantly improve sustainability and save money by installing on-site utility-scale wind turbines
FINDLAY, Ohio--(BUSINESS WIRE)--#STEM--One Energy, an industrial power company and the largest installer of on-site wind energy in North America, today released a detailed report on the potential for on-site wind energy at large U.S. commercial and industrial (C&I) facilities. The analysis reveals approximately 20 percent of these facilities would financially and operationally benefit from Wind for Industry® - on-site, behind-the-meter wind energy projects.
“Many C&I entities are under tremendous pressure to reduce GHG emissions, increase production and cut costs,” said Jereme Kent, CEO of One Energy. “Our analysis shows that for many manufacturing facilities across the country, particularly in the Midwest, on-site wind makes tremendous sense—lower GHG emissions, reduced energy costs and increased control.”
The report highlights that Wind for Industry® is technically viable and financially attractive for 20 percent of all large C&I facilities in the continental United States, which translates to an estimated $66 billion in deployable capital (35,825 MW) based on a 0 percent Investment Tax Credit (ITC). This will expand to $95 billion as economies of scale and known technology improvements become fully effective. The serviceable market nearly doubles to $120 billion in deployable capital (65,345 MW) with a 30 percent ITC.
“One Energy believes that the only way distributed generation is going to grow fast enough to make up for the failings of existing utilities is if we, as an industry, start having a culture of sharing and communicating,” added Kent. “Reports like this are valuable to us, but they are even more valuable to investors, entrepreneurs and the public.”
One Energy’s report consists of four component sections: the total addressable market (TAM), the serviceable market (SM), serviceable market growth and the company’s Wind for Industry® expansion strategy.
Since 2009, the company has installed 40.5 MW of Wind for Industry® projects for world-class companies. “We believe that C&I companies have awoken to the fact that utilities’ interests do not align with their own. Companies believe their ‘load’ is theirs and that utilities are no longer entitled to it,” noted Kent. “Companies are seeking ways to take back control and are looking for high-quality, trusted partners to help them through on-site generation, better monitoring of utilities, better rate predictability, better service, better quality, better market options and other means that better serve long-term needs.”
The company’s U.S. Market Analysis is available here: https://oneenergy.com/oe-labs/market-studies/.
About One Energy
One Energy is an industrial power company and the largest installer of on-site wind energy in North America. Recognizing that energy consumers are fed up with the failings of legacy utilities, One Energy developed modern energy services to control cost and risk, such as Wind for Industry® and Managed High Voltage. One Energy is building the customer-centric grid of the future.
The One Energy family of companies includes One Energy Enterprises (OEE), One Energy Solutions (OES), and One Energy Capital Corporation (OECC). For more information, visit www.oneenergy.com or follow the company on LinkedIn, Facebook, Instagram and Twitter.
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