Commercial, Distributed Energy Resources, Energy Efficiency, Energy Procurement, Industrial, Distributed Generation, Hydro, Solar, Sourcing Renewables - May 10, 2016
Lockheed Martin reports 18% reduction in energy use, plans more onsite renewables
Towards a corporate goal to develop business cases for onsite renewable energy generation at each of its business segments, Lockheed Martin said it has completed 10, four of which had received capital funding as of year-end 2015.
The aerospace, defense, security and advanced technologies company said in its recently released 2015 sustainability report that it pledged to quadruple its onsite renewable generation to 10 MW by the end of 2020 through the EPA's Green Power Partnership.
One onsite project the company has already executed on, according to the report, is the 2-MW solar roof for a parking lot at Lockheed's "Mission Systems and Training" facility in Clearwater, The company said it operationalized that project in 2015, and it represented the largest private, nonutility solar project in Florida at the time; the 150,000-square-foot solar array is expected to produce approximately 3,300 MWh of electricity annually and offset energy costs by up to $350,000 per year.
Lockheed Martin has also achieved renewable energy adoption via offsite projects via power purchase agreements; most recently, it signed a 17-year PPA for solar-generated electricity produced by Duke Energy Renewables.
Lockheed's renewable energy strategy rolls into its broader sustainability goals that include reducing energy use and cutting carbon emissions. Lockheed has been working since 2013 to achieve a 25% reduction in energy and 35% reduction in carbon emissions by 2020 from a 2010 baseline; at year-end 2015, it was at an 18% reduction in energy and 23% reduction in carbon emissions.