Solar - April 29, 2022
ITT Adds Solar “Lake” In Italy
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.
The 3,000 solar panels are 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 panels are expected to reduce CO2 emissions by 372.8 tons per year and are scheduled to be completed by the end of 2022.
“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, CEO and President of ITT, in a statement.
In 2021 and 2022, ITT, headquartered in White Plains, NY, allocated 10% of its annual capital expenditures toward initiatives that drive energy efficiency, reduce water consumption and lessen carbon emissions in its operations.
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