Real Estate Weekly
Image default
Deals & Dealmakers Green Building

JLL helping Californians charge up electric plan

California’s largest workers comp fund has launched a major engery program designed by brokerage giant JLL and French multinational electric company, ENGIE.

State Compensation Insurance Fund will build solar photovoltaic (PV) panels, energy storage systems, and electric vehicle (EV) charging stations across seven different State Fund locations throughout California.

ENGIE will install up to 11 MW of solar panels across six State Fund facilities that will generate approximately 18,000,000 kWh of clean energy annually.

This will offset some 14,000 tons of greenhouse gas emissions — equivalent to taking about 2,700 cars off the road or planting about 204,000 trees each year.

The energy storage systems — approx. 4,240 kWh of battery storage at four locations — will allow State Fund to store energy and avoid buying power from the electricity grid during the most expensive times of peak energy use each day. Additionally, State Fund will install a network of electric vehicle (EV) charging stations at seven locations that will be used by fleet vehicles and available to employees.

The initiative is part of a broader sustainability strategy that State Fund has been rolling out for several years.

Kyle Goehring, Executive Vice President at JLL, commented, “We are committed to finding the right energy partner for our clients and helping them achieve their ambitions.”

(Visited 1 times, 1 visits today)

Related posts

Denholtz Properties Acquires 53,811-Square-Foot Charlotte, N.C. Industrial Building


Talonvest Secures $109.7 Million Loan for 10-Property Portfolio


Onyx Equities Debuts Head-Turning Renovation at Gateway Center’s Grand Opening in Downtown Newark