Johns Hopkins Health System Corp signs 13MW PPA with Energix

Johns Hopkins

The Johns Hopkins Health System Corporation (JHHS), one of the driving forces in U.S education, research, and clinical care excellence, entered into a Power Purchase Agreement with Energix, a leading renewable energy project developer and long-term owner.

The companies announced the agreement this Wednesday. It involves the purchase of 13 megawatts of solar energy. Power will come from the Hollyfield II project, located in King William County, Virginia. LevelTen Energy, the leading provider of renewable transaction infrastructure, indeed facilitated the agreement with Johns Hopkins.

Moreover, the Hollyfield II project entered into operations back in July 2021. Its total renewable energy output will produce enough electricity to power the equivalent of 1,600 homes annually. It will also help to avoid 18,743 tons of greenhouse gas emissions each year. On the other hand, according to the statement, the 13 MW that Johns Hopkins will purchase will go into its operations.

In fact, this is not the first investment from JHHS into renewable energy. Back in 2016, the company negotiated a 20-year lease with SolarCity for 13.6 megawatts of solar power. The resulting solar project comprises more than 40,000 solar panels across a 97-acre plot in Wye Mills, Maryland.

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Johns Hopkins committed to sustainability

Furthermore, about the purchase, Energix’s Senior Vice President of Business Development Mr. Itamar Sarussi said. “At Energix, we are committed to a better future on our planet. It is why we are especially honored to be able to provide clean energy to an important institution like Johns Hopkins Medicine, and we commend Johns Hopkins’ commitment to renewable energy.”

Mr. Sarussi also recognized the role of LevelTen Energy in the facilitation of the transaction, which allowed them to “provide more critically needed clean energy.”

Finally, Ryan Warren, chief commercial officer of LevelTen Energy, said. “This deal proves that power purchase agreements are no longer limited to large technology companies; thanks to the LevelTen Energy Marketplace, organizations with lower energy demands can now quickly find a PPA that meets their needs.” He also applauded JHHS for its commitment to sustainability.

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