Panasonic Completes Solar Installations for Hertz at Denver and St. Louis International Airports

NEWARK, N.J., Oct. 23, 2014 /PRNewswire/ -- Panasonic Enterprise Solutions Company (Panasonic) and The Hertz Corporation (NYSE:HTZ) announced the completion of two solar power installations at Hertz Rent-a-Car facilities at Denver and St. Louis International Airports. Panasonic is also building solar installations for Hertz at Newark Liberty International Airport in NJ, expected to be completed later this year, and will start construction for Hertz at John F. Kennedy Airport in NY in 2015. When completed, Panasonic's total installed solar capacity at the four Hertz airport locations will reach 1 megawatt of clean energy. The electricity generated by the installations will be used to power Hertz customer service areas and other nearby Hertz buildings.

"Significant solar projects have financial and structural complexity, but sustainable leaders such as Hertz understand they pay off in cost savings, and with a carport solar canopy provide a strong visual sign of the company's commitment to clean energy," said Panasonic Enterprise Solutions' Jamie Evans, Eco Solutions Managing Director.

"Hertz has a long standing goal regarding sustainable business practices and these new solar installations play an integral part in fulfilling that commitment," said Todd Poste, Executive Vice President, Supply Chain Management for Hertz. "With Hertz's latest solar expansion, we will increase our renewable energy generation while continuing to reduce costs companywide."

At Denver, Panasonic mounted 1,116 solar panels for Hertz; the 262-kilowatt installation is expected to generate approximately 335,000 kilowatt hours of electricity in its first year in operation, equivalent to the amount of energy used by about 33 homes over 12 months. At St. Louis, Panasonic built a 152-kilowatt solar system, designed to generate 187,000 kilowatt hours of energy in its first 12 months of operation. For Newark Liberty International Airport, Panasonic designed a 299-kilowatt photovoltaic system which is expected to generate about 331,000 kilowatt hours in its first year in operation. For the Hertz Rent-a-Car facility at JFK International Airport, Panasonic designed a 318-kilowatt solar carport installation, planned to generate 396,000 kilowatt hours of power in its first year.  

Also in New York, for leading retail property owner and developer Macerich Company, Panasonic is already in the process of building a shopping center solar installation, one of 11 solar projects at Macerich shopping centers nationwide, which are expected to yield up to 10 megawatts of clean energy. For the Conrad N. Hilton Foundation, Panasonic installed a solar parking lot canopy to deliver 115 kilowatts of renewable energy to the Agoura Hills, California headquarters of the foundation.

At Solar Power International 2014 in Las Vegas, Panasonic's Jamie Evans spoke about the challenges to going green—whether it is upfront cost, complex financial structures, or the need to secure strong, reliable partners at every phase of solar development—in a case study style panel entitled Simplifying Sustainability: Eliminating the Barriers to Solar Success.

About Panasonic Enterprise Solutions Company

Panasonic Enterprise Solutions Company, a division of Panasonic Corporation of North America, develops, installs and maintains large-scale Eco Solutions and Audio-Visual Solutions for business and municipal customers. Serving customers across a wide range of industries, Panasonic Enterprise Solutions engineers custom-built applications using the latest technology, experience in end-to-end management of complex projects and unparalleled onsite support services.  Eco Solutions offers expertise in end-to-end solar energy projects while also delivering technological and financial solutions to the rapidly expanding commercial and industrial renewable energy markets.  An industry leader in Audio-Visual Solutions, the company has installed some of the largest high-definition LED video boards in the world at many well-known sports and entertainment venues in the U.S. In Interbrand's 2014 annual "Best Global Green Brands" report, Panasonic ranked number five overall and the top electronics brand in the report. Learn more: panasonic.com/pressroom               

About Hertz Corporation

Hertz Global Holdings, through its subsidiary The Hertz Corporation operates its car rental business through the Hertz, Dollar and Thrifty brands from approximately 10,460 corporate, licensee and franchisee locations in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the largest worldwide airport general use car rental brand, operating from approximately 8,960 corporate and licensee locations in approximately 150 countries. Our Dollar and Thrifty brands have approximately 1,500 corporate and franchisee locations in 85 countries. Our Hertz brand name is one of the most recognized in the world, signifying leadership in quality rental services and products. We are one of the only car rental companies that has an extensive network of company operated rental locations both in the United States and in all major European markets. We believe that we maintain the leading airport car rental brand market share, by overall reported revenues, in the United States and at 120 major airports in Europe where we have company operated locations and where data regarding car rental concessionaire activity is available. We believe that we also maintain the second largest market share, by overall reported revenues, in the off-airport car rental market in the United States. In our equipment rental business segment, we rent equipment through approximately 340 branches in the United States, Canada, France, Spain, China and Saudi Arabia, as well as through our international licensees. We and our predecessors have been in the car rental business since 1918 and in the equipment rental business since 1965. We also own Donlen Corporation, based in Northbrook, Illinois, which is a leader in providing fleet leasing and management services.

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SOURCE Panasonic Enterprise Solutions Company