WGL Holdings, Inc. (NYSE: WGL) today announced that it has installed a Bloom Energy Server, as featured on 60 Minutes, at its subsidiary’s new state-of-the art Springfield Center. Washington Gas now has a solid oxide fuel cell that converts clean natural gas directly to electricity. Output from the unit is estimated to reduce CO 2e emissions by approximately 50 percent compared to conventional grid electricity. The use of this technology at its Washington Gas facility is consistent with the WGL Holdings Inc. vision to be the preferred source of clean and efficient energy solutions that include natural gas, electricity and renewable sources such as solar and wind.
“The installation of Bloom’s clean energy technology was a natural decision for Washington Gas and is consistent with our commitment to environmental stewardship,” said Terry D. McCallister, Chairman and Chief Executive Officer of WGL Holdings and Washington Gas. “We will continue to seek innovative, eco-sensible technologies and process improvements that can deliver both environmental and economic benefits in every aspect of our operations.”
According to Bloom Energy, the electrochemical reaction occurring within the server generates electricity, heat, some H 2O and pure CO 2. The fuel cell will run 24/7/365, providing approximately 35 percent of Washington Gas’ baseload power needs for the entire facility and will almost eliminate all SOx, NOx and other harmful smog forming particulate emissions. With the addition of the energy server, Washington Gas will also avoid the enormously inefficient energy losses that occur with conventional grid electricity.
“We salute the decision of WGL Holdings and Washington Gas in selecting Bloom Energy Servers as a major source of clean, reliable on-site electric generation that will help power the critical facilities of its new Springfield Center, said K.R. Sridhar, Principal Co-Founder and Chief Executive Officer of Bloom Energy. “Washington Gas is demonstrating the key attributes of our product – on-site dependable electric generation with a significant decrease in greenhouse gas emissions.”
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV