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Solar Power Lake to be built with almost 3,000 solar panels – about the size of four Olympic swimming pools
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Will support ~30% of energy demand at ITT’s Barge Innovation Center
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$2.5 million investment is part of ITT’s long-term strategy to become more sustainable
ITT Inc. announced the construction of a photovoltaic lake at its largest factory in Barge, Italy, as the company ramps up its sustainability investments to reduce its carbon footprint. Consisting of approximately 3,000 solar panels, the “lake” will be about the size of four Olympic swimming pools.
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The solar investment is expected to produce 1,065,200 kWh per year, covering 30% of the energy requirements for ITT’s Motion Technology Innovation Center, where the company primarily conducts research and development activities to support brake pad technologies. The lake is expected to reduce CO2 emissions by 372.8 tonnes per year, equivalent to the CO2 emissions generated by about 42,000 gallons of gas. The project is scheduled to be completed by the end of 2022.
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“I’m proud to announce this new sustainability investment on Earth Day. Our $2.5 million investment is part of ITT’s long-term strategy to become a more sustainable company and reduce our carbon footprint by allocating capital to green projects. The solar lake is one example of our continuous effort to reduce energy consumption and contribute to protecting our environment. Above all, it’s the right thing to do,” said Luca Savi, Chief Executive Officer and President of ITT.
In 2021 and 2022, ITT allocated approximately 10% of its annual capital expenditures toward initiatives that drive energy efficiency, reduce water consumption, and lessen carbon emissions in its operations. These and other initiatives have helped the company reduce its greenhouse gas emissions and the amount of waste sent to landfills.
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