{"id":1004280110,"date":"2018-11-19T07:11:46","date_gmt":"2018-11-19T15:11:46","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004280110"},"modified":"2022-12-08T18:41:17","modified_gmt":"2022-12-09T02:41:17","slug":"sunpower-to-install-solar-parking-canopy-for-cabot-corp","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sunpower-to-install-solar-parking-canopy-for-cabot-corp\/","title":{"rendered":"SunPower to Install Solar Parking Canopy for Cabot Corp."},"content":{"rendered":"<p>By Anca Gagiuc<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/1.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004280113\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/sunpower-to-install-solar-parking-canopy-for-cabot-corp\/sunpower-corp-concord-road-2082\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/1.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;SunPower Corp.&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Rendering of a planned 1.12-megawatt SunPower Helix\\u00ae solar project paired with a 470-kilowatt (940-kilowatt hour) integrated energy storage system at Cabot\\u2019s Business and Technology Center in Billerica, Massachusetts. It will be supported by the new Solar Massachusetts Renewable Target (SMART) Program which was established by Massachusetts Department of Energy Resources (DOER) to encourage development of solar in the state. (PRNewsfoto\/SunPower Corp.)&quot;,&quot;created_timestamp&quot;:&quot;1542153600&quot;,&quot;copyright&quot;:&quot;This image must be used within the context of the news release it accompanied. Request permission from issuer for other uses.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;SunPower Corp Concord-Road-2082&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"SunPower Corp Concord-Road-2082\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/1.jpg?w=800\" class=\"alignright wp-image-1004280113 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/1.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/1.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/1.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/1.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Cabot Corp. has reached an agreement with SunPower to have the latter install a 1.1-megawatt solar project paired with a 470-kilowatt (940-kilowatt hour) integrated energy storage system at Cabot\u2019s Business and Technology Center in Billerica, Mass. The action marks Cabot\u2019s first commitment toward long-term sustainability, while also adding to the state\u2019s renewable energy commitments.<\/p>\n<p>Cabot is financing the Helix solar-plus-storage project through a power purchase agreement arranged by SunPower, which allows Cabot to buy energy at competitive prices and hedge against future utility rate increases. The project will also be supported by the new Solar Massachusetts Renewable Target program, established by the Massachusetts Department of Energy Resources to encourage development of solar in the state.<\/p>\n<h2>Double effect<\/h2>\n<p>The integrated solar parking canopy is scheduled to begin construction in the summer of 2019. It will feature high-efficiency SunPower solar panels installed across multiple solar parking canopies and is expected to produce enough electricity to offset about 20 percent of the facility\u2019s energy needs. Consequently, the initiative will reduce Cabot\u2019s grid energy costs. The energy storage system will provide additional savings by decreasing electricity demand charges during peak hours.<\/p>\n<p><em>&#8220;We&#8217;re thrilled to bring this project to one of our main hubs for technology innovation, as this investment helps demonstrate the value of renewable energy while also delivering the added benefit of providing solar parking canopies and automobile charging stations for our employees,&#8221;<\/em> Karen Rankin, director of sustainability and regulatory affairs with Cabot Corp., said in prepared remarks.<\/p>\n<p><em>&#8220;More <a href=\"https:\/\/www.commercialsearch.com\/news\/corporate-america-embraces-solar-power\/'\">corporations across the U.S. are choosing solar<\/a> to cost-effectively meet electricity demand, and SunPower&#8217;s complete Helix solar and storage solutions are designed to maximize value for these customers,&#8221;<\/em> added Nam Nguyen, SunPower executive vice president, commercial Americas.<\/p>\n<p><em>Image courtesy of SunPower<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The integrated solar parking canopy project is expected to produce enough electricity to offset approximately 20 percent of the facility&#8217;s energy needs thereby reducing Cabot&#8217;s grid energy costs.<\/p>\n","protected":false},"author":237,"featured_media":1004280113,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21781,21748,21742,10,21786],"tags":[43034,35875,34129],"class_list":["post-1004280110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-corporate-real-estate","category-industrial","category-latest","category-northeast","category-sustainability","tag-cabot-corporation","tag-solar-power","tag-sunpower-corporation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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