By Gary Thomas
SunPower, a manufacturer and supplier of highly efficient solar panels and systems, has declared that a 1.8 MW of solar power system has been installed at Bloomberg’s facility in New Jersey.
The ground-mounted solar tracking system installed at Bloomberg’s 100,000-square-foot main building located at New Jersey campus, generates 58% of electricity demand. This renewable energy system installation is the first project completed at Bloomberg’s facility.
Bloomberg’s Global head of sustainability, Curtis Ravenel stated that Bloomberg considers the development of renewable energy as a significant part of its overall commitment towards sustainability. This major installation of solar system supports the financial and ecological objectives of Bloomberg and enables the supply of clean and affordable power to Bloomberg.
Bloomberg reveries the power produced from this new solar tracking system at prices less than the retail rates. Integrys Energy Services’ subsidiary owns this solar power system, which receives a partial funding from the Solar Loan Program of PSE&G.
The solar power system is equipped with the SunPower’s T0 Tracker system and solar panels. During the daytime, the movement of the sun is followed by the tracker, which increases the trapping of sunlight by up to 25% when compared to other fixed-tilt systems.
The President of SunPower, Howard Wenger commented that the T0 Tracker provides more solar energy for every square meter and saves more energy than the traditional systems. It will consistently increase the clean solar power produced on site over the next two decades and beyond. Bloomberg with the help of this solar system is saving long-term costs on electricity and is supporting the development of renewable energy to promote energy independence.