Company to install 1020 kilowatt (kW) solar
panels and an energy storage system (ESS), with total energy
capacity of 375kW / 753 kilowatt hour (kWh), at its City of Commerce, California location, marking
Univar Solutions' latest new major renewable energy
installation.
DOWNERS GROVE, Ill.,
May 11, 2022 /PRNewswire/ -- Univar
Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"),
a global chemical and ingredient distributor and provider of
value-added services, today announced it will install 1020kW of
solar capacity and an ESS with total energy capacity of
375kW/753kWh at its City of
Commerce, CA facility in partnership with Motive Energy.
This partnership marks a further investment by Univar Solutions in
on-site renewable energy generation capacity, having recently
completed solar projects at other global facilities in Europe and Latin
America.
The installation will significantly reduce the non-renewable
energy usage and emissions of Univar Solutions' City of Commerce facility, one of the
Company's largest locations, through a custom solar and energy
storage solution. The project will remove more than 1,300
tons of carbon dioxide from the environment per year, equivalent to
removing 259 cars from the road or the electricity usage of 217
homes annually. This change is one more step toward achieving the
Company's long-term Environment, Social, and Governance (ESG) goal
of 20 percent absolute reduction of Scope 1 and 2 carbon dioxide
emissions by 2025.
"As part of our ambitions to achieve our ESG goals, Univar
Solutions has committed to invest significantly in climate change
reduction," said Jen McIntyre, chief
people & culture officer and executive ESG lead at Univar
Solutions. "Our partnership with Motive Energy, which will reduce
emissions and costs at one of our major U.S. facilities, is another
important proof point in our journey to transforming our operations
with low-carbon enabling technologies. We look forward to
continuing to invest in solar energy for our other sites around the
world to reduce our carbon footprint in line with our net zero
commitment."
"This project marks another important milestone toward achieving
Univar Solutions' 2025 ESG goals and commitment to reach net-zero
emissions by 2050," commented Liam
McCarroll, director of sustainability at Univar Solutions.
"Univar Solutions' driving purpose is to keep our communities
healthy, fed, clean, and safe, and recognizing the importance of
carbon reduction is central to supporting the wellbeing of
communities around the world. We are excited to be partnering with
an innovative company like Motive Energy to transform how we
generate and store electricity at the City of Commerce facility as part of our
ongoing efforts to create a positive impact to our emissions
reductions while also providing attractive economic returns on our
investments."
The project is expected to be completed during 2022. It
will utilize Motive Energy's Watt.io Energy Storage System and the
CodeWatt software suite to build a Microgrid at the Univar
Solutions facility.
"Motive Energy's unique capabilities in providing full
engineering, procurement, and construction (EPC) services in
conjunction with its proprietary CodeWatt Energy Management System
allows customers to benefit from the advancements made in renewable
energy technologies," said Yogesh
Singh, general manager vice president for Motive
Energy. "This is self-evident at the Univar Solutions
facilities in Southern California
where the Solar Photovoltaic (PV) + ESS Microgrid being built will
allow a leading chemical distribution facility to offset
significant amounts of its energy usage. It will reduce their
energy bills in meaningful ways and add resiliency to the
operation. Our post construction operations and maintenance
(O&M) services will also allow Univar Solutions to focus on its
operations without having to worry about energy related
issues."
About Univar Solutions
Univar Solutions (NYSE: UNVR)
is a leading global commodity and specialty chemical and ingredient
distributor representing a premier portfolio from the world's
leading producers. With the industry's largest private
transportation fleet and technical sales force, unparalleled
logistics know-how, deep market and regulatory knowledge,
formulation and recipe development, and leading digital tools, the
Company is well-positioned to offer tailored solutions and
value-added services to a wide range of markets, industries, and
applications. While fulfilling its purpose to help keep communities
healthy, fed, clean and safe, Univar Solutions is committed to
helping customers and suppliers innovate and focus on Growing
Together. Learn more at univarsolutions.com.
About Motive Energy
Motive Energy is a division of the
Motive Companies. With a nearly 50-year track record designing
innovative power and energy solutions, Motive Energy will help your
business transform the way you source, store and manage your
energy. Motive Energy partners with other companies to develop
customized, fully integrated, end-to-end solutions that move those
companies toward greater energy independence and efficiency. To
learn more about Motive Energy's suite of solutions, please visit
https://motiveenergy.com.
Forward-Looking Statements
This press release
includes certain statements relating to future events and our
intentions, beliefs, expectations, and predictions for the future,
which are "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements are subject to known and unknown risks and
uncertainties, many of which may be beyond the Company's control.
These forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially
from the expectations and assumptions. A detailed discussion of
these factors and uncertainties is contained in the Company's
filings with the Securities and Exchange Commission. Potential
factors that could affect such forward-looking statements include,
among others: the ultimate geographic spread of the COVID-19
pandemic; the duration and severity of the COVID-19 pandemic;
actions that may be taken by governmental authorities to address or
otherwise mitigate the impact of the COVID-19 pandemic; the
potential negative impacts of COVID-19 on the global economy and
our customers and suppliers; the overall impact of the COVID-19
pandemic on our business, results of operations and financial
condition; other fluctuations in general economic conditions,
particularly in industrial production and the demands of our
customers; significant changes in the business strategies of
producers or in the operations of our customers; increased
competitive pressures, including as a result of competitor
consolidation; significant changes in the pricing, demand and
availability of chemicals; our levels of indebtedness, the
restrictions imposed by our debt instruments, and our ability to
obtain additional financing when needed; the broad spectrum of laws
and regulations that we are subject to, including extensive
environmental, health and safety laws and regulations; an inability
to integrate the business and systems of companies we acquire,
including of Nexeo Solutions, Inc., or to realize the anticipated
benefits of such acquisitions; potential business disruptions and
security breaches, including cybersecurity incidents; an inability
to generate sufficient working capital; increases in transportation
and fuel costs and changes in our relationship with third party
providers; accidents, safety failures, environmental damage,
product quality and liability issues and recalls; major or systemic
delivery failures involving our distribution network or the
products we carry; operational risks for which we may not be
adequately insured; ongoing litigation and other legal and
regulatory risks; challenges associated with international
operations; exposure to interest rate and currency fluctuations;
potential impairment of goodwill; liabilities associated with
acquisitions, ventures and strategic investments; negative
developments affecting our pension plans and multi-employer
pensions; labor disruptions associated with the unionized portion
of our workforce; and the other factors described in the Company's
filings with the Securities and Exchange Commission. We caution you
that the forward-looking information presented in this press
release is not a guarantee of future events or results, and that
actual events or results may differ materially from those made in
or suggested by the forward-looking information contained in this
press release. In addition, forward-looking statements generally
can be identified by the use of forward-looking terminology such as
"may," "plan," "seek, "will," "expect," "intend," "estimate,"
"anticipate," "believe" or "continue" or the negative thereof or
variations thereon or similar terminology. Any forward-looking
information presented herein is made only as of the date of this
press release, and the Company does not undertake any obligation to
update or revise any forward-looking information to reflect changes
in assumptions, the occurrence of unanticipated events, or
otherwise, except as required by law.
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