Boston, MA 05/14/2014 (wallstreetpr) – SolarCity Corp (NASDAQ:SCTY) is a century old energy supplying industry, which provides clean and green energy directly to the homeowners, governmental organizations, as well as business organizations. The company has released sizzling news on May 13, 2014, which has created much awaited hype in the environmental friendly business.
SolarCity installed 4000 solar panels in HP’s Headquarter:
SolarCity Corp (NASDAQ:SCTY) has announced to supply clean power for HP’s Corporate Headquarters. Palo Alto campus has installed 4000 solar panels, which is enough to facilitate 20% of the entire electricity usage. The project has taken significant step in order to minimise the greenhouse gas effect, which is nowadays a tremendous threat for the entire planet.
Supply of 1 megawatt of energy:
The company is ambitious to apply the renewable energy solutions at a huge scale to produce electricity and stop the non-renewable resources of the earth. SolarCity along with the HP and City of Palo Alto has taken up a project to generate one megawatt of electricity, which can supply 20% of the total power required by the HP’s Headquarter.
Deals between the companies:
According to the deal between two companies, SolarCity Corp (NASDAQ:SCTY) will install, own and maintain the power grid and HP will purchase the solar electricity generated through the process. However, noteworthy that, in this deal, HP will be beneficial and can cut down more than $1 million of utility power expenses in the next two decades.
HP’s contribution towards nature:
It should be noted that such contribution by HP helped the company to initiate the project awareness of the environment. The HP expects to reduce 20% of the total emission by 2020. Moreover, the solar panels of HP, besides alleviating carbon emission, will help to restore California’s fresh water storage of approximately 130 million gallons over the next two decades. This alternative source of energy will help the planet to restore the underground fossil fuels for emergency requirements.
However, it should be mentioned that this solar system is the largest in the Palo Alto city, which can supply continuous electricity to 214 typical homes for a year. Hence, it needs mention that SolarCity Corp (NASDAQ:SCTY) has geared up to spread awareness, and then why not us?
