Keystone Power Holdings, LLC and Crown Holdings, Inc. (NYSE:CCK) (Crown) announced a solar energy project that will offset one-third of the annual electrical usage in Crown’s Spartanburg, South Carolina plant. Keystone Power Holdings is the financier, developer and owner of the system, with Crown enjoying the solar power via an operating lease. Keystone Power Holdings and its affiliate KPH Construction Services worked closely with Hannah Solar to construct the 924.6 KW DC system with 2,680 PV modules. Crown is headquartered in Pennsylvania with manufacturing locations around the world. Also headquartered in Pennsylvania, Keystone Power Holdings delivers solar projects nationwide and is one of only a handful of South Carolina approved solar leasing companies.
“Solar energy continues to gain ground as an alternative energy solution at the local level. We’re pleased to be able to partner with businesses like Crown to help make green their energy purchases while delivering significant energy savings,” said William R. DePhillipo, Co-Founder of Keystone Power Holdings. “It is also significant that we were able to develop the largest leased solar array in the state of South Carolina.”
“From start to finish, Keystone Power Holdings has been a great partner in this initiative,” said Bob Harding, Plant Manager at Crown. “We are glad to be reducing our carbon footprint and to be contributing to Crown’s wider sustainability goals, which include further reducing energy consumption. Offsetting one-third of our annual energy usage in our Spartanburg plant is an important achievement.”
As part of this initiative, Keystone Power Holdings applied for and was granted a Duke Energy Rebate, which helped to lower capital costs and make the project viable for Crown and Keystone.