The Nexamp community solar project received a sizable subscriber in the Albany Medical Center. New York’s lone academic health sciences center recently announced it would be signing up with Nexamp to partake in the energy company’s community solar efforts. The decision was made so the medical center could play an active role in driving local renewable energy and assisting the state in reaching its clean energy goals.
According to the agreement between the medical center and the Nexamp community solar program, the center will benefit from credits proportionate to the energy generated by Nexamp’s solar farms. The farms are part of the National Grid service territory and make up roughly 7.9-megawatts of renewable energy. Over a year, Albany Medical Center will save upwards of $150,000 in energy costs alone.
Nexamp is no stranger to the community solar industry. The energy company has a portfolio of hundreds of farms that provide electricity to local grids. Much like with its agreement with Albany Medical Center, Nexamp also assists residential subscribers in the form of monthly utility credits. The solar company even extended enrollment in its community solar programs to employees and students at the medical center and medical colleges. To date, it has enrolled an additional 75 subscribers.
According to Albany Med’s executive VP, COO, and CFO, Frances Spreer Albert, the decision to join Nexamp was advised by Hospital Energy, an energy advisor. Albert went on to explain how annual energy savings will directly benefit patient care. Nexamp’s director of business, Joe Fiori, commented on the agreement with Albany Medical, stating reducing energy and operating costs is core to the success of healthcare providers.
The power provided to Albany Medical Center will help power the Albany Medical Center Hospital, Albany Medical College, a physician’s practice of more than 450 doctors, and a biomedical research complex.