Energy Efficiency, Energy Storage, Commercial, Finance, Solar - February 21, 2020
CA State Fund locations to receive solar, battery, EV charging
State Fund, a California-based workers' compensation insurance company, will be building solar panels, energy storage systems and electric vehicle charging stations at seven different locations in the state thanks to a new agreement announced Feb. 20.
The insurance company will be implementing this mega-energy project through an agreement with ENGIE North America, who will be installing 11 MW of solar panels across six State Fund facilities and approximately 4,240 kWh of battery storage at four facilities that will allow State Fund to avoid buying power from the grid at peak hours. Once completed, the solar project is expected to generate approximately 18,000,000 kWh of energy and offset 14,000 tons of greenhouse gas emissions each year.
“Increasing our efforts and investments around sustainability initiatives will bring a number of benefits to State Fund customers and employees, our surrounding communities, and California as a whole,” Andreas Acker, Executive Vice President and Chief Administrative Officer at State Fund, said in a statement. “This project with ENGIE and JLL is a huge step forward in our drive to reduce our use of fossil fuels, limit the load we place on local and statewide electrical grids, and improve overall air quality throughout California.”
State Fund will also be installing more than 150 Level 2 and 3 EV charging stations at seven locations for its eight-vehicle fleet and for employee use. The entire energy project is expected to be completed by the end of 2020.
Other sustainability initiatives that State Fund has implemented includes installing LED lighting and completing efficiency upgrades to HVAC equipment. State Fund has reduced energy use at its owned buildings by 10% since 2016.