Cinergy (NYSE:CIN)
Historical Stock Chart
From Jan 2020 to Jan 2025
Cinergy Solutions, an affiliate of Cinergy Corp.
(NYSE:CIN), is to implement new energy efficiency measures for The
Procter & Gamble Co. (P&G) that have the potential to deliver savings
of over $1 million for the consumer products giant. This strengthens
the long-term relationship Cinergy Solutions has enjoyed with P&G,
which has already produced savings in excess of $380,000.
Cinergy Solutions will implement projects at P&G plants on the
east and west coasts. The initiative covers four key areas:
-- Retrofitting lighting systems will deliver savings of more
than $900,000 annually:
-- Retrofitting P&G's existing compressed air system will reduce
the on-line time for the compressor, avoid potential air
interruptions, and save more than $100,000 annually.
-- Retrofitting the existing mill water waste stream will recover
heat from the waste water to preheat incoming water used by
the existing Reverse Osmosis (RO) system. This will deliver
annual savings of $230,000.
-- Retrofitting the existing turbine inlet filter at the same
plant will save $250,000 annually and improve the gas turbine
performance to increase on-peak output, and reduce compressor
deterioration and off-peak fuel consumption.
"We are very impressed with P&G's dedication to the environment -
their values and leadership reflect our own commitment to
sustainability and an energy efficient economy," said Steve Harkness,
President of Cinergy Solutions. "We have worked extensively with P&G
to understand their needs, design solutions to accomplish their goals,
and ensure they are able to meet their production schedule."
"Procter & Gamble is continually striving to improve energy
efficiency and reduce environmental impact," said Paul Jackson,
Associate Director - Global Business Services, Purchases, P&G.
"Cinergy Solutions worked with us to identify grants and rebates that
provided funding from sources such as California's Summer Lighting
Energy Efficiency Program - this was critical in helping us achieve
these additional efficiencies."
About Cinergy Solutions
Cinergy Solutions, an affiliate of Cinergy Corp. (NYSE:CIN), one
of the largest diversified energy companies in the US, currently
manages over 5,350 MWs of power generation and offers a complete range
of energy solutions from on-site supply and energy conservation to
renewable energy and maintenance of high-voltage electric and gas
infrastructure. Cinergy Solutions' award-winning team of energy demand
management specialists provides one of the top energy use reduction,
design-build services in North America providing energy-efficiency
design, engineering, construction and facility-management services to
commercial, municipal, institutional and industrial clients.
Delivering innovative facilities solutions that immediately improve
facility performance, Cinergy Solutions' design-build experts
rejuvenate existing buildings that cost less to operate while reducing
impact on the environment. With extensive experience in energy-related
services and a strong reputation for both specific and comprehensive
projects, Cinergy Solutions has ready access to a wealth of resources
and expertise across North America.