Solar Panels for Grocery Store

LEXINGTON, Ky., Nov 09, 2010 (BUSINESS WIRE) -- EnergyOne Technologies, Inc., a provider of renewable energy solutions, announced they have signed a letter of intent with the Canyon Lake Grocery Market, to provide up to 400 megawatts of solar energy and .500 megawatts of energy storage. EnergyOne will lease the market's rooftop and install a .200 megawatt solar system capable of generating up to 1.2 megawatts of power per day which is enough energy to offset the markets daily needs. Excess power generated during the day will be directed into the energy storage units and be available for use at night. EnergyOne will own, operate and maintain the solar panels and energy storage systems, and sell the energy to the market under a 20 year power purchase agreement. EnergyOne will also retrofit the markets lights and appliances with LEED approved energy efficient equipment cutting their electric bill in half.

EnergyOne CEO, Francis Zubrowski, reiterated the company's commitment to work with the grocery market industry to develop innovative solutions that reduce our customer's energy costs and benefit the environment. Zubrowski praised the market owner's creative approach in addressing the markets growing energy needs and their commitment to the environment.

EnergyOne estimated the cost of the project to be approximately $2.5 million. The company would be eligible for up to $2.25 million in tax credits and rebates. Upon completion of the design, application and permitting process, EnergyOne projects it could start construction in spring of 2011. VS Technology will join the project team to provide energy storage oversight. A megawatt is enough power for about 800 U.S. homes, according to the Energy Information Administration.

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