"This is the largest military renewable energy project to date, and we are proud to be providing our men and women in uniform and their families with their electricity needs," said Jeff Starcher, chairman and CEO of MP2 Energy. "Even more, we're thrilled at the financial impact this agreement has had, as this cost savings will allow military budgets to go further."
MP2, in conjunction with Apex, will be involved on both the wholesale and retail sides of the agreement, which helps bring Fort Hood more efficient pricing and better risk-management. "This is a unique, hybrid project for the market, and few suppliers in ERCOT have the capabilities and certifications to deliver renewable power to Fort Hood," said Mark Goodwin, president and COO of Apex. "We partnered with MP2 due to their unique ability to manage renewable energy assets for Apex and manage the risk around integrating it directly with Fort Hood's retail electricity supply."
The largest consumer of energy in the United States is the federal government, costing the United States Army $1.3 billion in 2015. The Army uses around 35 percent of the Department of Defense's budget on powering facilities. "Finding efficiencies to reduce the cost of energy and make a positive environmental impact is key to our company mission," says Starcher. "We are thrilled to be doing this for Fort Hood and the U.S. Army."
MP2 Energy is now managing solar and renewable energy on two Texas military bases including their early June agreement with a DOD contractor to supply the retail energy and provide retail net metering for rooftop solar panels.
About MP2 Energy
MP2 Energy is a full service power company, serving approximately 1,400 MW to commercial, industrial and residential customers in Texas, Illinois, Pennsylvania and Ohio. The company integrates capabilities across its core services from plant development, plant management, demand response, and retail electric supply to the end-use customer. The company handles all other aspects of power markets, such as asset management, commodity hedging, solar installation and offtake, wind and distributed generation, and solar retail products for residential customers in Texas.
MP2 was recently recognized on DNV GL's Channel Partner Market survey for customer satisfaction and ease of doing business, and ranked No. 1 in overall satisfaction on ERCG's National ABC Broker Survey. In 2014, the company was honored with The Energy Professionals Association's inaugural Supplier of the Year award. For more information, visit www.MP2energy.com.
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SOURCE MP2 Energy