North Shore Community Health Acquires Renewable Energy Credits in Massachusetts
ENGIE Resources will deliver certified Renewable Energy Credits to Massachusetts-based North Shore Community Health in a two-year agreement.
A subsidiary of French-based ENGIE’s North America unit, ENGIE Resources will deliver the RECs to match 100% of the health center’s forecasted consumption at its three northeast Massachusetts locations. North Shore Community Health, which is based in Peabody, serves more than 14,000 patients annually through its full-time and school-based sites, including the family health centers in Salem, Gloucester and Peabody.
NSCH has also commenced on other decarbonization project initiatives including: energy-efficient LED light upgrades, implementing motion-sensor controlled lighting for exam rooms, fostering environmentally friendly dining practices, and retaining a hybrid work model to help lower emissions created by long commutes.
"We serve more than 200 hospitals across our footprint," said Ted Conway, business development manager at ENGIE Resources, in a statement. "It's an honor to serve this sector and we admire the commitment of NSCH to provide vital community services and make a significant contribution to support renewable energy."
The Green-e certified RECs purchased in the agreement will equal 100 percent of North Shore's demand, equivalent to the CO2 emissions from nearly 302,325 pounds of coal burned, or the greenhouse gas emissions avoided by 95.3 tons of waste recycled instead of landfilled.
NSCH said it will also achieve budget certainty throughout the agreement term with a fixed price structure.
Read more of EnergyTech's Cover on Decarbonization in the Health Care Sector
Renewable energy credits are market instruments to help justify investment in clean energy projects. An REC holder has acquired the property rights to the confirmed use of renewable electricity into the grid.
The Green-e program, administered by the nonprofit Center for Resource Solutions, allows businesses to acquire verified clean energy capacity or equivalents.
Massachusetts-based Voyager Power served as an advisor on the agreement. Voyager provides solutions across the energy value chain and helps commercial and industrial customers to achieve sustainability targets and energy compliance.
Under many renewable power purchase agreements, the customer may not ascertain exactly how much of its electricity load is satisfied by renewables, but the PPA contract helps invest in new clean energy projects.