Siemens Helps Signature Healthcare Implement Hybrid Renewable Energy Solution at Greater Boston Hospital
Boston, MA | November 2, 2022
- 126-year-old Brockton Hospital to install solar panels, battery energy storage solution for sustainable benefits
- Project complements infrastructure improvement upgrades made in 2018
Signature Healthcare recently entered into a 25-year power purchase agreement (PPA) solution with Siemens to help broaden its energy management efforts at Brockton Hospital in Massachusetts. As part of the agreement, Siemens will install and operate the renewable energy system that will include solar panels, a battery energy storage system (BESS), and microgrid controls.
“When we first worked with Signature Healthcare almost five years ago on an energy savings performance contract facilitated by a comprehensive refinancing package from Siemens Financial Services, the end-focus was more on immediate cost savings,” says Paul Hayes, President, Regional Solutions & Services, Americas for Siemens Smart Infrastructure USA. “Now, the healthcare organization is looking at which sustainability measures it can take to still save resources and enhance its demand and grid-edge capabilities while also helping the environment and enhancing patient / visitor experience.”
Solar panels, totaling 1.9 MW, will be fixed atop four newly installed carport canopies in the hospital’s parking lot. State-of-the-art microgrid controls will connect the panels to a 4MWh-BESS that will help offset peak energy demands while also serving as a supplemental onsite generation resource to bridge short-term grid disturbances. Siemens electrical gear, switchboards, panelboards, and a recloser help round out the distributed energy infrastructure.
Stormwater management will also be incorporated into the project during the carport canopy buildout. This will ensure the water properly drains into existing stormwater sewers. New asphalt parking lots and the replacement of deteriorating curbs will be part of the project, eliminating associated future expenses for Signature Healthcare Brockton Hospital.
“Installing this combined renewable solution on our Brockton campus will allow us to realize a number of benefits, including capital cost reduction, utility bill cost savings, less future cost volatility, and grid-based revenue generation,” says Stephen Borges, Vice President, Finance Operations at Signature Healthcare. “Siemens designed the renewable hybrid facility to maximize the potential of several key value components that will help us well into the future."
The hybrid renewable energy system is expected to be fully installed by late 2023 and is estimated to produce greater than 2,000 MWh of renewable energy in its first year of operation. Siemens Financial Services remains a senior lender to Signature Healthcare and continues to provide alternate financing solutions.
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Siemens Smart Infrastructure (SI) is shaping the market for intelligent, adaptive infrastructure for today and the future. It addresses the pressing challenges of urbanization and climate change by connecting energy systems, buildings and industries. SI provides customers with a comprehensive end-to-end portfolio from a single source – with products, systems, solutions and services from the point of power generation all the way to consumption. With an increasingly digitalized ecosystem, it helps customers thrive and communities progress while contributing toward protecting the planet. With around 70,000 employees worldwide, Siemens Smart Infrastructure has its global headquarters in Zug, Switzerland, and its U.S. corporate headquarters in Peachtree Corners, Georgia, USA.
Siemens Financial Services (SFS) – the B2B financing arm of Siemens – provides financing that makes a difference. At SFS, we empower customers around the globe to access technology with purpose and increase their competitiveness. Based on our unique combination of financial expertise, risk management and industry know-how we provide tailored financing solutions – including flexible leasing and working capital products, project-related and structured financing, corporate lending, equity investments, finance advisory, as well as trade and receivables financing. With highly experienced and passionate teams in 20+ countries, SFS paves the way for industrial productivity, smart infrastructure and sustainable mobility, facilitating the energy transition and enabling high-quality healthcare. Supporting the Siemens DEGREE framework, SFS is one of the leading providers in financing greenfield renewable projects. www.siemens.com/finance.
Siemens Corporation is a subsidiary of Siemens AG, a technology company focused on industry, infrastructure, transport, and healthcare. From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more comfortable transportation as well as advanced healthcare, the company creates technology with purpose adding real value for customers. By combining the real and the digital worlds, Siemens empowers its customers to transform their industries and markets, helping them to transform the everyday for billions of people. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a globally leading medical technology provider shaping the future of healthcare. In addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power. Siemens has been supporting the industries and creating the infrastructure forming the backbone of America’s economy for more than 160 years, with more than 40,000 employees, 17,000 suppliers, and customers in all 50 states and Puerto Rico. In fiscal 2021, Siemens Group USA generated revenue of nearly $20 billion.