YMCA of Greater Toledo Signs Power Purchase Agreement with CGE Energy
By Business Wire News
By Business Wire News
YMCA and JCC of Greater Toledo (YMCA) have signed a Power Purchase Agreement (PPA) with CGE Energy (currently trading as MKBY:OTCPink). This was developed under the YMCA and CGE Energy’s preceding Master Agreement, which acts as the platform for the organizations’ collective vision for sustainable YMCA facilities throughout Michigan and Ohio.
The first phase of the PPA’s installation is a 511 kW solar PV array at YMCA Storer Camps in Jackson, Michigan. CGE Energy collaborated with their partners SolarWorld® to provide the campus with the cleanest and best PV products for reliable energy generation for the next 25-years. Also part of the Storer Camps project is the installation of nearly 1,000 Cree® LED lamps and fixtures.
“This PPA enables YMCA Storer Camps to be the world’s first outdoor educational campus to be Net Zero in their energy use,” says Glen King, Chief Development Officer for YMCA of Greater Toledo. “We are attracting the future workforce of inventors and innovators that will be inspired by our world-class STEM [science, technology, engineering and math] total-immersion learning environment.”
Once installation is complete, YMCA will be purchasing clean power produced at their campus for 10% less than they are currently paying. The non-profit is already partnering with corporations, utilities and other sources to increase their PPA discount rate to 100% for true sustainability.
When CGE Energy’s WIND•e20® wind turbine manufacturing is complete, Storer’s main campus along with a 40-acre field are identified as the locations for multiple turbines. “These Power Purchase Agreements are part of a larger vision,” says Bryan Zaplitny, President/CEO of CGE Energy. “Sustaining the mission of YMCA impacts the lives of students in many ways that the energy savings will never speak towards.”
About CGE Energy
CGE Energy is the leading engineer of no capital cost energy solutions. Headquartered in Brighton, Michigan, the company integrates the optimal configuration of renewable energy and energy efficiency technologies to meet their customers unique energy needs. Today the company serves customers in the U.S. and abroad, using energy technologies that include Cree® LED lighting, their patented WIND•e20® wind turbine and SolarWorld® solar generation. CGE Energy is now a publicly traded company and will trade under the ticker symbol MKBY:OTCPink until FINRA approval of symbol change. http://www.cgeenergy.com
About YMCA and JCC of Greater Toledo
YMCA and JCC of Greater Toledo represents thirteen locations in Ohio and Michigan. The Y is the nation’s leading nonprofit committed to strengthening communities through youth development, healthy living and social responsibility. YMCA Storer Camps is nationally recognized as a premiere outdoor education center. Every year, 17,000 students, teachers, parents, and other leaders take up residence for a collective 80,000 nights. http://www.ymcastorercamps.org – http://www.ymcatoledo.org
Certain statements made in this release constitute forward-looking statements and do not guarantee future performance. Actual results or developments may differ materially from the projections in the forward-looking statements.
Paul Schneider, 248-446-1344