Cabot Corporation, a global specialty chemicals and performance materials company, has selected SunPower to install a 1.12-megawatt solar project paired with a 470-kilowatt (940-kilowatt hour) integrated energy storage system.
SunPower will supply its Helix solar and storage solutions.
The installation at Cabot’s Business and Technology Center in Billerica, Massachusetts will contribute to its long-term sustainability efforts by helping to advance solar development in the state and meet Massachusetts’ renewable energy commitments, Cabot said.
The project will feature SunPower solar panels installed across multiple solar parking canopies. The energy produced from the project is expected to offset 20 percent of the facility’s energy needs thereby reducing Cabot’s grid energy costs
Cabot is financing the Helix solar-plus-storage project through a power purchase agreement (PPA) arranged by SunPower, allowing Cabot to buy power at competitive prices and hedge against future utility rate increases.
The project will also be supported by the new Solar Massachusetts Renewable Target (SMART) Program which was established by Massachusetts Department of Energy Resources (DOER) to encourage development of solar in the state, the company said.