Brook Warehousing Systems Goes Solar With American Capital Energy to Reduce Energy Costs
NEWTON, NJ and BRIDGEWATER, NJ -- 06/12/07 -- American Capital Energy and Brook Warehousing today announced that American Capital Energy has been contracted to install a solar electric power system providing 720,000 kWh of output on Brook Warehousing's flagship Bridgewater facility. This installation is expected to provide an average of 75% of Brook's energy usage at this facility. The system will be owned and operated by MMA Renewable Ventures as part of a Power Purchase Agreement with Brook.
Brook Warehousing Systems is a premier warehouse logistics solution provider with over a half million square feet of environmentally protected storage space throughout New Jersey.
"I am committed to finding more ways to implement and utilize renewable energy sources to reduce energy costs and minimize the environmental impact of our operations," said John Auger, Vice President, Engineering and Regulatory Compliance, Brook Warehousing Systems. "This project is a reflection of that commitment to reduce fossil fuel-generated energy usage and we found that American Capital Energy had the right combination of regulatory experience, industry knowledge, supplier relationships and integration capability to make this entire process a seamless success."
American Capital Energy has installed systems across the United States and the Brook installation represents an important inroad into the storage facility and warehouse vertical market for the company. Environmentally controlled and cold storage facilities are ideal potential solar energy clients and American Capital Energy plans on addressing this market aggressively.
"A significant portion of the operating budget for warehousing and storage facilities is allocated to energy cost," said Tom Hunton, president of American Capital Energy. "Solar is a very attractive solution, especially given the large square-footage of the rooftops of these facilities. For an operator seeking to reduce their dependence on, and the consistently rising cost associated with, grid power, American Capital Energy handles the entire project through first visualization to module selection and total system integration and ongoing system maintenance, as well as all permitting, maximizing rebates and tax benefits associated with a solar power system installation."
American Capital Energy's most current completed projects have had a return on investment of over 15% and a simple payback of less than 5 years' duration.
About Brook Warehousing Systems
Founded in 1966, Brook Warehousing Systems has been steadily growing their operation to provide logistics solutions for all industries. With modern facilities throughout New Jersey, Brook offers over 500,000 square feet of environmentally protected storage space. Brook Warehousing Systems is dedicated to receiving, storing and distributing our customers' products according to their exacting requirements and instructions. For more information: http://brookwarehouse.com.
About American Capital Energy, Inc.
American Capital Energy provides full-service solar energy project integration and installation for large commercial enterprises. The company is committed to furthering the utilization of solar energy by America's most forward-thinking companies by offering customized turnkey solar systems designed for long term performance and verifiable return on investment. American Capital Energy is run by solar project professionals with decades of combined experience in project development and deep knowledge in the solar industry. For more on American Capital Energy, please visit www.americancapitalenergy.com.
About MMA/Renewable Ventures
A wholly owned subsidiary of Municipal Mortgage & Equity, LLC ("MuniMae"), MMA Renewable Ventures manages, operates and finances renewable energy assets in the United States. The Company provides customized financial solutions through leases and Power Purchase Agreements to build distributed clean energy generation plants. MMA Renewable Ventures is dedicated to delivering competitively priced clean energy for customers, strong financing and partnership options for project developers, and exceptional opportunities for institutional investment in the renewable energy sector. For more information about MMA Renewable Ventures, visit www.mmarenewableventures.com.
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