HOUSTON, July 19, 2016 /PRNewswire/ -- Houston-based MP2 Energy, a top-tier power company that integrates capabilities across its core services from power plant development to retail electric supply to the end-use customer, announced today that it has been chosen to partner with Apex Clean Energy (Apex) to supply both renewable energy and traditional electricity to Fort Hood, a 340 square mile base outside of Killeen, Texas that serves 218,000 military and family. Apex and MP2 will provide 100 percent of Fort Hood's electricity through a combination of renewable solar and wind energy and traditional grid power from ERCOT.
Earlier this year, the U.S. Army signed a power purchase agreement with Apex Clean Energy (Apex) for a hybrid wind and solar energy project consisting of 65.8 MW of electricity from a combination of large-scale renewable energy solar and wind facilities to serve 40 percent of Fort Hood's electricity needs. It is expected to save the U.S. Army about $168 million in electricity costs over the course of the 28-year agreement. Apex engaged MP2 Energy to provide retail services and serve as the Quality Scheduling Entity (QSE) to deliver the aforementioned 65.8 MW of solar and wind power. The solar power will be produced by the Phantom Solar facility on-site at Fort Hood, and the wind energy will be produced by the Cotton Plains Wind Energy Facility in Northwest Texas. MP2 will provide the remaining 60 percent of electricity needed to power Fort Hood through traditional electricity from ERCOT.
"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.
SOURCE MP2 Energy