FULLERTON, Calif. — Hydraflow and SolarCity have installed a one megawatt solar power system and 250 kilowatt (500 kilowatt hours) energy storage project at Hydraflow’s headquarters in Fullerton, California. Hydraflow, which designs and manufactures flexible light weight hose assemblies, fluid couplings and quick disconnects for use in engineered aerospace and defense systems, is expected to save more than $3.5 million over the next 30 years by purchasing affordable solar power and energy storage at a discount to utility rates.
“Our original goal was to offset 75 percent of our energy needs, but with the effect of our recently installed LED lighting and solar power system, we hope to realize a net offset of closer to 90 percent of our overall energy needs,” said Paul Rodolf, Director of Operations, Hydraflow.
Because corporations and large businesses like Hydraflow are subject to peak demand charges, storage solutions can minimize these charges and provide additional savings by dispatching solar energy when it’s needed most. The project is equipped with DemandLogic™, SolarCity’s smart energy storage system for businesses, to store 500 kilowatt hours of solar energy capacity onsite. Hydraflow will not only utilize affordable solar power to lower its costs compared to currently utility rates, but will further reduced energy costs by using stored electricity to minimize peak demand.
Along with solar power, Hydraflow has already modernized its 174,000 square foot facility with approximately 400 LED lighting fixtures and installed a lighting control system to further increase efficiency and reduce peak demand to avoid additional costs. With Hydraflow’s goal of increasing energy efficiency in mind, Hydraflow has advanced its Environmental Management System and Environmental Policy through the use of solar power and energy storage.
The solar power system is expected to prevent more than 18,000 metric tons of greenhouse gas emissions from entering the atmosphere over the next three decades. That’s equivalent to taking more than 3,800 cars off the road for a year or powering more than 3,800 average homes for a year.
To learn more about Hydraflow, please visit www.hydraflow.com.
Hydraflow designs and manufactures hose assemblies, fittings, and quick disconnects for low pressure fluid transfer applications for global commercial and defense aerospace industries. Hydraflow’s fluid transfer solutions reduce installation time, waste, weight, and life cycle costs. The company delivers high quality products on-time with outstanding customer service and support. Founded in 1961 by Leonard Ullrich, Hydraflow celebrates its 55th anniversary in 2016 and remains family owned and operated.
SolarCity (NASDAQ: SCTY) provides clean energy. The company has disrupted the century-old energy industry by providing renewable electricity directly to homeowners, businesses and government organizations for less than they spend on utility bills. SolarCity gives customers control of their energy costs to protect them from rising rates. The company makes solar energy easy by taking care of everything from design and permitting to monitoring and maintenance. Visit the company online at www.solarcity.com and follow the company on Facebook & Twitter.
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*Environmental calculations are based on 30 year solar system contracts and data from the United States Environmental Protection Agency.
This release contains forward-looking statements including, but not limited to, statements regarding expected cost savings and energy offsets. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward looking statements. You should read the section entitled "Risk Factors" in SolarCity's most recent quarterly report on Form 10-Q, which has been filed with the Securities and Exchange Commission and identifies certain of these and additional risks and uncertainties. We do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.