Business Development Update
Edgerton Forge, Inc.
WHALEBOARD STATUS: Harpooning – In Progress; IE started
Jordan and Jeff met with Edgerton Forge’s management team on Monday, November 27th to discuss a Wind for Industry® project. They learned the company uses just over 4,000,000 kWh annually and they are serviced by Edgerton Municipality. They have shared their utility information with OE, allowing us to start an Initial Evaluation. This opportunity will be a challenging project to site based on consumption and not being a net metering project. However, Edgerton is owned by AVIS Industrial Corporation, which owns twelve other manufacturing sites in the US and Canada; if the Edgerton project is not technically or financially viable, OE may be able to evaluate other sites AVIS owns outside Ohio. Edgerton Forge, Inc. is located in the village of Edgerton, Ohio, in Williams County, the most northwest county in the state. The company has existed for over 40 years, in the forging market, servicing the automotive, gas/oil, mining, and military industry sectors.
Navistar, Inc.
WHALEBOARD STATUS: Harpooning – Ready
This Navistar opportunity resulted from our involvement in the Ohio Manufacturing Association. The plant was anxious to get the results of the Initial Evaluation last week as they had their corporate energy/sustainability group meeting in Springfield, where they would have a better chance of influencing the decision makers.
- Initial Evaluation was delivered to Navistar last Friday, 12/1
- 3-turbine project
- Follow-up meeting to be set up
- Report can be found in Projects – Development
This project also has its challenges; the PPA rate offer of $0.05 kWh is higher today than their current rate of $0.0459 kWh. This is due to an economic rider (credit) that they currently receive from their provider that equates to ($0.0093kWh).
RSS Feed