Investor Relations

Ingevity to install solar panels at North Charleston, S.C., plant

Wednesday, January 24, 2018 10:22 am EST

Dateline:

North Charleston, S.C.

NORTH CHARLESTON, S.C., Jan. 24, 2018 – Ingevity Corporation (NYSE: NGVT) today announced that it will install a photovoltaic solar panel system at its pine chemicals plant in North Charleston, South Carolina. Once the installation is complete, the company will be participating in South Carolina Electric & Gas’s customer-scale solar generation program, which will allow Ingevity to offset part of their electric usage at the facility.

“This is a tangible example of Ingevity’s commitment to sustainability and our mission to purify, protect and enhance the world around us,” said Michael Wilson, Ingevity president and CEO. “We have achieved significant energy savings over the past several years through conservation efforts and efficiency upgrades. SCE&G’s solar program for businesses provides an appealing opportunity to reinvest those savings into a renewable and more sustainable energy infrastructure while simultaneously diversifying our electricity sources.”

The early stages of the installation are currently underway, with North Carolina-based Strata Solar Commercial providing engineering, procurement and construction services. “We’re excited to partner with Ingevity to help bring more renewable energy into their portfolio,” said Henry Dziuba, Strata’s chief revenue officer. “Strata is thrilled to be able to bring our vast experience in utility scale applications to the commercial environment and help more organizations like Ingevity meet their sustainability goals.”

Construction on the solar panel system is expected to be completed and operational by the end of the first quarter in 2018. It will consist of approximately 1,476 solar modules, and will produce approximately 723,000 kilowatt hours of energy in its first year of operation, offsetting the equivalent of 1.1 million pounds of carbon dioxide on an annual basis.

Ingevity: Purify, Protect and Enhance

Ingevity provides specialty chemicals and high-performance carbon materials and technologies that purify, protect and enhance the world around us. Through a team of talented and experienced people, Ingevity develops, manufactures and brings to market products and processes that help customers solve complex problems. These products are used in a variety of demanding applications, including asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, publication inks and automotive components that reduce gasoline vapor emissions. Headquartered in North Charleston, South Carolina, Ingevity operates from 25 locations around the world and employs approximately 1,500 people. The company is traded on the New York Stock Exchange (NYSE: NGVT).

About Strata Solar

Strata Solar is a leading provider of utility-scale, commercial and industrial solar photovoltaic (PV) systems. Strata has constructed over 1.2 GW in total solar capacity and maintains a development pipeline of over 3.5 GW. The company’s integrated approach, which includes development, financing, engineering, procurement, construction, operations, and maintenance, allows Strata to consistently build quality projects with long-term ownership in mind. Strata is consistently ranked as one of the largest utility-scale solar integrators in the U.S.

 

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