March 10, 2014
WGL Holdings, Inc. (NYSE: WGL), through its subsidiary, Washington Gas Energy Systems (WGESystems), announced a 2.6 megawatt (MW) Bloom Energy project in Santa Clara County, Ca. (SCC). WGESystems will finance, build, own and operate the 2.6 MW Bloom Energy project and sell all energy generated to SCC under a 20-year power purchase agreement (PPA). The Bloom Energy Servers will generate clean and reliable power using natural gas and biogas, reducing the County's carbon emissions by nearly 5 million pounds each year.
'WGL is committed to providing clean and efficient energy answers while remaining a responsible steward of our resources,' said WGL Chairman and CEO, Terry D. McCallister. 'We are proud to partner with Bloom Energy, and to service Santa Clara County, as we continue to invest in clean energy solutions as part of our expanding diversified energy portfolio.'
Bloom Energy's solid oxide fuel cell technology generates electricity through a highly efficient electrochemical process and provides clean, on-site energy. WGESystems designs-builds, owns and operates energy solutions that deliver financial, operational and carbon reduction results for non-residential customers across the United States. For projects such as this one, WGESystems has established a financing program that enables customers, including non-profit organizations, to deploy Bloom Energy's distributed, clean power solution.
'Santa Clara County has been a strong proponent of clean energy, and we are looking forward to having another project right here in our backyard,' said KR Sridhar, Principal Co-Founder and CEO of Bloom Energy. 'Energy industry partners that are willing to invest in technology projects are key to the development of a clean energy economy, and our partnership with Washington Gas Energy Systems continues to strengthen our ability to provide attractive projects for our growing customer base.'
'The County of Santa Clara was one the primary leaders in creating the 20-year power purchase agreement with other local jurisdictions,' said Supervisor Dave Cortese, Chair of the Board's Housing Land Use Environment and Transportation Committee. 'The agreement demonstrates that there is a market for clean energy solutions and it supports the County's goal of reducing its carbon footprint.'
Alternative Energy Development Group (AEDG) served as the developer for the Bloom Energy project at four SCC facilities.
About WGL Holdings, Inc.
Headquartered in Washington, D.C., WGL [NYSE: WGL] is a leading source for clean and efficient energy solutions. Through our affiliates and strategic relationships, the Company offers a diverse set of energy sources including natural gas, wind, and solar as well as a range of energy solutions - generation, storage, transportation, distribution, supply, and efficiency - which serve customers in more than 25 states. WGL has five main operating units: Washington Gas Light Company, a regulated natural gas utility serving approximately 1.1 million customers in the metropolitan Washington, D.C. area; Washington Gas Energy Services, Inc., one of the largest natural gas, electricity and green energy suppliers in the Mid-Atlantic; Washington Gas Energy Systems, Inc., a distributed generation and energy efficiency business, offering solar, fuel cell, combined heat and power, and other technologies across the United States; WGL Midstream, a wholesale energy solutions business, investing in and optimizing natural gas pipelines and storage facilities in the Midwest and Eastern United States; and Hampshire Gas, a natural gas storage business which owns and operates facilities in and around Hampshire County, West Virginia. As product and service innovation are critical for value creation and sustaining growth, we are continuously increasing our assets and investments in targeted clean energy sectors. This strategy supports WGL's core business, as well as provides opportunity for growth through partnerships and investments. WGL's diversity is its strength. We are dedicated to the sustainability of our business, the customers and communities we serve, and the environment. To learn more, visit www.wglholdings.com.
About Bloom Energy
Bloom Energy is a provider of breakthrough solid oxide fuel cell technology generating clean, highly-efficient on-site power from multiple fuel sources. The company was founded in 2001 with a mission to make clean, reliable energy affordable for everyone in the world. Bloom Energy Servers are currently producing power for several Fortune 500 companies including Google, Walmart, AT&T, eBay, Staples, The Coca-Cola Company, as well as notable non-profit organizations such as Caltech and Kaiser Permanente. The company is headquartered in Sunnyvale, CA. For more information, visit www.bloomenergy.com.
About County of Santa Clara, California
The County of Santa Clara is a leader in promoting and implementing green energy and energy efficiency projects. The recent deployment of 5.8 megawatts of solar PV systems raises the County's total solar PV generating capacity to 6.5 megawatts. The County currently has underway a $3 million LED lighting and lighting controls project, which is expected to reduce its electricity energy usage by approximately 2 million kilowatt hours. The County also recently solicited partnerships to develop large renewable energy generating facilities at various sites it owns and operate. These projects are a few of the County of Santa Clara's initiatives to promote sustainability and preserve the environment.
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WGL Holdings, Inc.