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Cal-Maine Foods Announces Partnership With Energy Services Provider, Entegrity, to Install Solar Array at Arkansas Facility
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
Rhea-AI Summary
Cal-Maine Foods announced a partnership with Entegrity Energy Partners to install a 4.15 megawatt solar array at its Searcy, Arkansas facility. This 28-acre project aims to offset approximately 91% of the facility's electricity usage, enhancing energy self-sufficiency and reducing greenhouse gas emissions. Construction is expected to commence in Q2 2023, pending approval from the Arkansas Public Service Commission. Tim Thompson, Cal-Maine's VP of Operations, emphasized the company's commitment to sustainability, while Entegrity's president highlighted the growing demand for solar solutions in Arkansas due to favorable regulations and sustainability goals.
Positive
Partnership with Entegrity to install a 4.15 MW solar array, enhancing sustainability.
Projected to offset 91% of the facility's electrical usage, improving energy self-sufficiency.
Anticipated reduction in greenhouse gas emissions from the solar project.
Negative
None.
RIDGELAND, Miss.--(BUSINESS WIRE)--
Cal-Maine Foods, Inc. (NASDAQ: CALM, or the “Company”), the largest producer and distributor of fresh shell eggs in the United States, today announced a partnership with Entegrity Energy Partners (“Entegrity”), an energy services, sustainability, and solar development provider. Given the expanding opportunities for solar investments, Cal-Maine Foods has engaged Entegrity to install a 4.15 megawatt, direct-current solar array at the Company’s egg production and processing operation in Searcy, Arkansas. The 28-acre solar array is projected to offset approximately 91% of the facility’s current electrical usage and expected to enhance the Company’s energy self-sufficiency and lessen the Searcy location’s reliance on the electrical grid and reduce greenhouse gas emissions.
Pending approval from the Arkansas Public Service Commission, Entegrity is expected to begin construction during the second quarter of 2023.
Tim Thompson, vice president, operations of Cal-Maine Foods, said, “We are proud of our mission to be the most sustainable producer and reliable supplier of high-quality fresh shell eggs and egg products in the United States, demonstrating a 'Culture of Sustainability' in everything we do. The team at Searcy is excited to support this project, and to be a part of the forward-looking operational story at Cal-Maine Foods. We believe that this solar investment helps augment the Searcy farm’s commitment to sustainability and helps us become more resilient in our ability to meet customers’ needs.”
Michael Parker, president of Entegrity, commented, “We have recently seen an increased drive for solar solutions in Arkansas given the constructive regulatory environment, attractive potential returns on investments and enhanced commitment to sustainability goals. For more than 15 years, and through nearly 350 projects, we have strived to partner with companies that share our vision of a sustainable future. With Cal-Maine Foods, we can deliver our energy expertise to help prepare the company for a more sustainable future. Their enthusiasm for this project speaks to their values and who they are as a company.”
About Cal-Maine Foods
Cal-Maine Foods, Inc. is primarily engaged in the production, grading, packing, marketing and distribution of fresh shell eggs, including conventional, cage-free, organic, brown, free-range, pasture-raised and nutritionally enhanced eggs. The Company, which is headquartered in Ridgeland, Mississippi, is the largest producer and distributor of fresh shell eggs in the United States and sells the majority of its shell eggs in states across the southwestern, southeastern, mid-western and mid-Atlantic regions of the United States.
About Entegrity
Entegrity is an energy services, sustainability and solar development company. Our comprehensive service package includes energy savings performance contracting, commissioning, energy modeling, building testing, lighting solutions, renewable energy, water conservation, and sustainability consulting.
