AEP Energy, a subsidiary of American Electric Power, announced this Monday it has entered into an agreement with Ohio-based Crown Battery Manufacturing Company to provide clean energy for the company’s operations.
Firstly, the agreement contemplates the procurement of energy through AEP’s Integrated Renewable Energy (IRE) solution; which is a long-term, fixed price retail energy option that supports new, locally-sourced wind and solar capacity.
Secondly, the agreement was for a 12-year period, beginning in 2023; meanwhile, Crown Battery will be purchasing 100% National Green-e Renewable Energy Credits. This, until the AEP supply begins, and while the new renewable energy projects begin development.
Thirdly, with this power supply, Crown Battery will be able to power a 100% of its operations through renewable power. Hal Hawk, president of Crown Battery, said about the matter. “With AEP Energy’s help, we’ve already saved enough electricity to power 13,000 American homes.”
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He also remarked. “Now, we’re excited to cut our carbon footprint even more; to harvest the sun and wind to build our batteries. Sustainable environmental management is the future, and green energy is a win-win for our environment; our community, our company, and our customers.”
On the other hand, AEP Energy President Greg Hall, said. “AEP Energy is committed to providing energy solutions that best fit our customers. Our Integrated Renewable Energy option helps customers meet their sustainability goals; while benefiting their communities.”
He also remarked. “Crown Battery is supporting new, local renewable resources; ones that will be built in their area, creating economic and environmental benefits for northwest Ohio. We also look forward to working with them to deliver reliable, emissions-free electricity; one that powers their operations and reduces their carbon footprint.”
Finally, further details about the projects or developments were not disclosed. However, Crown Battery is not the first company to have such agreement with AEP. Back in February, Abercrombie and Fitch Co. announced an agreement also under the IRE solution.