Norwood Medical adds ENGIE Wind Power to Sustainability Commitment
Under the terms of a five-year agreement, Norwood Medical will initially match 50% of its electricity consumption at four locations!
- Press release
- 05/02/2025
Norwood Medical and ENGIE Resources, a subsidiary of ENGIE Global Energy Management & Sales, announce a five-year renewable energy contract. The agreement brings renewable wind energy from ENGIE to Norwood Medical’s headquarters campus in Dayton.
Under the terms of a five-year agreement, Norwood Medical will initially match 50% of its electricity consumption at four locations, increasing its commitment to 100% for eleven buildings over the term, including approximately 120,000 Renewable Energy Certificates (RECs) from ENGIE’s Priddy Wind Project in Texas.
Norwood Medical will procure Green-e® Certified RECs that will ultimately deliver the equivalent environmental benefits of avoiding the greenhouse gas emissions from 52 million pounds of coal burned, or 47,223 metric tons of CO2*. Green-e® RECs are certified by the non-profit Center for Resource Solutions to verify the exclusive use of renewable electricity within an electricity market.
The agreement supports the Norwood Medical objective to reduce carbon emissions. “We have a goal of 50% reduction of scope 1 and 2 emissions by 2030 versus baseline year of 2021, and net zero by 2050,” said Jeremiah Allen, Vice President, Engineering. “Reducing our impact on the environment is vitally important. Leveraging renewable electricity will help us hit our goal to reduce greenhouse gas emissions by 50% from 2021 levels.”
Serving as an advisor on this agreement is Statistical Energy (Dublin, OH). “We are proud to bring together two carbon champions,” said Michael Jackson, CEO/Partner, Statistical Energy. “This agreement is proof that renewable energy can be structured in a manner that addresses market volatility and meets the needs of a growing, commercial electricity customer with a commitment to reduce carbon through renewable energy.”
“Norwood asked us for a comprehensive analysis of their usage, plans for growth, historic prices and the forward fixed market. This led us to a structure with some market-based risk and float on the market, rather than to lock in a price now,” said Ron Cantlie, President/Partner at Statistical Energy. “Norwood chose optionality to lock in later or not lock at all. It addresses the changing nature of supply and demand on the PJM grid.”