While working to reduce overall energy consumption, we are piloting ways that jcpenney can support the use of renewable energy. Working with SunPower Corporation, jcpenney has installed solar power systems on nine jcpenney stores in California and New Jersey. Producing 3.7 megawatts of clean electric power, the systems will help avoid emissions of approximately 146,000 tons of carbon dioxide over their 30-year expected lifetime.
The solar systems are financed, owned and operated by a third-party financier, from which jcpenney purchases the solar-generated electricity under a power purchase agreement. The rooftop installations provide savings through lower-than-utility energy costs and long-term price stability for nearly 25 percent of the energy used at the stores. The stores also benefit from energy-efficient lighting and advanced energy management systems that will help reduce their energy consumption.
jcpenney has also reached an agreement with Broadstar Wind Systems on a pilot program to install wind turbines at jcpenney’s 1.6 million-square-foot distribution center in Reno, Nevada. The program will utilize Broadstar’s innovative, building-mounted AeroCam wind turbines, which are more compact and are expected to capture energy and generate power more efficiently than conventional three-blade turbines.
Solar panels on our Woodbridge, New Jersey, store.