National Grid Provides More Than $1 Million in Incentives to Gore Mountain for Energy Efficient Snow-Making Equipment
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Insights
Investing in energy-efficient snow-making equipment represents a strategic move for ski resorts like Gore Mountain, addressing both environmental sustainability and cost efficiency. The substantial energy savings of over 2.1 million kilowatt-hours annually not only contribute to reducing the carbon footprint associated with ski resort operations but also align with broader industry trends towards environmental responsibility. The annual energy cost savings of more than $170,000 could be reinvested into the resort, potentially improving other facilities and services, which may enhance customer satisfaction and loyalty. Moreover, this initiative could serve as a competitive differentiator in the market, attracting environmentally conscious consumers and possibly leading to an increased market share.
The financial implications of the $1.2 million incentive from National Grid towards energy-efficient snow guns are noteworthy. The initial capital outlay, offset by the incentive, will likely have a positive return on investment (ROI) given the annual energy savings. When evaluating the financial health and prospects of Gore Mountain, stakeholders should consider the reduced operational costs and the potential for increased profitability. Additionally, the long-term savings could improve the resort's balance sheet and provide a buffer against rising energy prices. It's essential to monitor the actual performance of the new equipment against projected savings to ensure the financial benefits materialize as expected.
Consumer trends show a growing preference for businesses that prioritize sustainability. Gore Mountain's investment in energy-efficient snow-making technology is likely to resonate with the market segment that values eco-friendly practices. This could enhance the resort's brand image and customer appeal. The ability to generate snow at a fraction of the cost also provides the resort with the flexibility to maintain optimal skiing conditions, even during periods of low natural snowfall, which could result in extended seasons and increased visitation rates. Analyzing customer feedback and market trends will be crucial in assessing the impact of these new installations on customer acquisition and retention.
NORTHAMPTON, MA / ACCESSWIRE / February 12, 2024 / National Grid
Making sure the slopes have enough snow on them for the thousands who come to ski and snowboard each season at Gore Mountain is critical to the resort's success. While Mother Nature does her best to ensure that there is enough powder on the hills, there are times when she needs a little help from snow-making equipment. National Grid's energy savings programs have funded new, energy efficient snow makers at Gore Mountain over the past few years, helping the business save energy and thousands of dollars in energy costs.
With the help of a National Grid incentive of more than
"We are grateful to National Grid for their assistance in this project. With the help of their grant, we were able to replace older and inefficient snow-making equipment with equipment that can generate snow at a fraction of the cost. This will be a huge benefit to those who enjoy our resort. In addition to reducing our energy costs, we are thrilled to be doing our part to conserve energy and help preserve our future," said General Manager, James Bayse.
With this new, energy efficient technology, Gore Mountain uses about the same amount of energy it did two decades ago with a facility that is three times the size.
"By helping fund this new, efficient equipment, we are helping Gore Mountain save energy and money, while at same time, we are enabling them to keep more trails open longer which brings more visitors to the community throughout the year," said Tom Iwinski, Community and Customer Manager at National Grid. "That's important for the people in this area who depend on the winter sports season as an economic engine to the region."
Gore Mountain has a long history of energy efficiency measures and finding new, green alternatives for their facilities. Distinguished as the ski resort with the largest dedicated solar array in the nation, Gore Mountain has solidified its commitment to sustainability and environmental responsibility. The energy created by the solar panels is not metered into the energy grid but directly offsets Gore's energy use by an impressive
National Grid offers a variety of energy savings programs for different types of small, medium and large businesses that can help offset costs for commercial energy efficient equipment, heating, cooling and electric systems. To find out more about these programs, visit www.nationalgrid.com and search for "energy saving programs."
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About Gore Mountain
Gore Mountain, located in North Creek, is the largest ski area in New York and one of the three ski areas operated by the Olympic Regional Development Authority (ORDA). The mountain is a popular winter destination, attracting skiers, riders, and cross-country enthusiasts throughout the snow season. Known as the North East's Hidden Gem, Gore Mountain features the most skiable terrain in New York State, an impressive 14-lift system, and 108 alpine trails across four mountain peaks. Gore Mountain offers an unparalleled year-round sports experience for visitors of all skill levels, with trails full of character, state-of-the-art facilities, and exceptional snowmaking capabilities. For more information, visit GoreMountain.com.
About National Grid
National Grid (NYSE:NGG) is an electricity, natural gas, and clean energy delivery company serving more than 20 million people through our networks in New York and Massachusetts. National Grid is focused on building a smarter, stronger, cleaner energy future - transforming our networks with more reliable and resilient energy solutions to meet state climate goals and reduce greenhouse gas emissions.
For more information, please visit our website, follow us on X (formerly Twitter), watch us on YouTube, like us on Facebook and find us on Instagram.
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SOURCE: National Grid
View the original press release on accesswire.com
FAQ
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