Market news, 18 December 2024
Innovation that creates sustainability, resiliency
The solar power system marks another milestone in Ingersoll Rand’s Global ClimateCommitment, which includes a 35-percent reduction of greenhouse gas (GHG) footprint from its operations by 2020. To help meet this goal, the company is making investments in solar power at three of its large manufacturing sites, including the Trenton plant, where the company produces Trane® and American Standard® brand heating and air conditioning systems for homes and residential buildings.
“Our investment in renewable energy is the next step in our journey, and the photovoltaic array at this plant an illustration of how innovation increases sustainability and resiliency of our operations,” said Jason Bingham, president of Ingersoll Rand’s Residential HVAC and Supply business. “Over the past several years, many members of the Ingersoll Rand team have worked hard to increase energyefficiency and reduce greenhouse gas emissions at our facilities around the world, bringing benefits to customers, employees, and the environment.
The solar array will provide 49M kilowatt-hours (kWh) of power. Over the 20-year lifespan of the system, this equals a reduction of nearly 35,600 metric tons of greenhouse gas emissions, equivalent to taking 7,600 vehicles off the road for a year.
Wind power, too
“Availability and accessibility of renewable energy options continues to increase, making it attractive to industrial companies like Ingersoll Rand and to our customers,” said Keith Sultana, senior vice president of Global Operations and Integrated Supply Chain for Ingersoll Rand.
In addition to its solar installations, the company also signed a power purchase agreement (PPA) for approximately 100,000 MWh of wind power annually. “We engaged our own Trane Energy Supply business to provide a roadmap on how to be smarter about our energy purchases, and to organize an agreement that is responsible to the environment and good for our business,” Keith said.
