News & Events
CSCU Partners with GE, Sunlight Solar Energy and CT Green Bank to Install Solar Systems for Three Campuses in Fall 2017
The Connecticut State Colleges & Universities (CSCU) has partnered with Current, powered by GE, SunLight Solar Energy and CT Green Bank to install solar energy systems at three campuses in order to reduce energy consumption and decrease operating expenses. Construction is scheduled to begin at Manchester and Middlesex Community Colleges as well as Southern CT State University in late fall with the goal of extending to other campuses including Central, Housatonic, Asnuntuck, Quinebaug, Tunxis and Western in the next two years. The solar energy initiative is funded entirely with private capital sourced by Connecticut Green Bank and once fully implemented is estimated to save CSCU more than $10 million within the first 20 years.
“Anything we can do to make our system and our planet more viable and sustainable in the future is a step we’re willing to take,” said CSCU President Ojakian. “I want to sincerely thank all our partners who worked hard to make this important project possible.”
“The CSCU has shown tremendous leadership with this initiative,” commented Connecticut Green Bank President and CEO Bryan Garcia. “The Connecticut Green Bank is thrilled to be supporting CSCU’s efforts to go green. By not only installing solar energy systems across multiple campuses at once but using private capital to finance the projects, CSCU will be saving significant dollars for the State. And with a high-quality partner like GE overseeing the installations, there is little question these systems will perform and create a win-win-win for all involved.”
“This project is a great representation of the potential of solar generation,” said Amol Kapur, Current by GE’s business development manager for the CSCU portfolio, “CSCU is demonstrating the value of bringing together engineering, technology and finance to support both business and sustainability goals.”
About the Connecticut Green Bank
The Connecticut Green Bank was established by the Connecticut General Assembly on July 1, 2011 as a part of Public Act 11-80. As the nation’s first full-scale green bank, it is leading the clean energy finance movement by leveraging public and private funds to scale-up renewable energy deployment and energy efficiency projects across Connecticut. The Green Bank’s success in accelerating private investment in clean energy is helping Connecticut create jobs, increase economic prosperity, promote energy security and address climate change. For more information about the Connecticut Green Bank, please visit www.ctgreenbank.com.
About Current, powered by GE:
Current is the digital engine for intelligent environments. A first-of-its-kind startup within the walls of GE (NYSE: GE), Current blends advanced energy technologies like LED and solar with networked sensors and software to make commercial buildings and industrial facilities more energy efficient & productive. Backed by the power of Predix*, GE’s platform for the Industrial Internet, and a broad ecosystem of technology partners, Current is helping businesses and cities unlock hidden value and realize the potential of their environments. www.currentbyge.com
GE (NYSE: GE) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. www.ge.com