TOLEDO, Ohio, Nov. 21, 2019 /PRNewswire/ -- The Greater Toledo Community Foundation and numerous partners today kicked off the development of a solar array, located in Toledo's Overland Industrial Park, that will generate clean, renewable electricity for the 300,000 square foot axle assembly operation of Dana Incorporated (NYSE: DAN), while investing hundreds of thousands of dollars annually into the neighboring community.
"At Dana, we have a strong commitment to improving the sustainability of our products and increasing our use of renewable energies – but this is more than just another solar project," said James Kamsickas, president and CEO of Dana. "This unique community collaboration allows Dana to capitalize on all the benefits of renewable energy while also making a significant economic impact on the residential neighborhoods surrounding our facility."
Once operational, the solar array – consisting of the very latest power-generation technologies – will provide renewable energy that will be purchased by Dana for its Toledo Driveline facility, also located in the industrial park.
The Greater Toledo Community Foundation has created a nonprofit entity that will own the solar field in conjunction with the Toledo-Lucas County Port Authority. As the nonprofit generates a revenue stream through the sale of electricity to Dana, proceeds will be reinvested in the surrounding areas through grants to local nonprofits.
"This type of collaboration among businesses, government, and agency partners to deliver a sustainable community investment is unprecedented," said Keith Burwell, president of Greater Toledo Community Foundation. "The partners' commitment to build a world-class solar-power generation site will provide funds that will be reinvested in the surrounding neighborhoods far into the future. Workforce development, job training, beautification, and other projects in the public interest will benefit from these funds".
The Toledo-Lucas County Port Authority provided the land within the Overland Industrial Park for the solar array, with industry leaders donating the infrastructure. "We are proud to be a part of this innovative project," said Thomas J. Winston, president and CEO of the Toledo-Lucas County Port Authority. "The solar array will be located on a floodplain, which is not appropriate for a facility but is perfect for a solar array."
Other components of the project have been donated or discounted by various partners, including solar modules from U.S.-headquartered First Solar, Inc.; newly designed inverters by Yaskawa Solectria Solar; and design, engineering and construction services from GEM Energy, JDRM Engineering, Kokosing Construction, the Mannik Smith Group and TTL Associates.
This project represents both advanced technology and unique community participation and is a showcase for American-made products. The array, powered by First Solar's American-grown thin film module technology, will generate enough power to reduce the amount of carbon dioxide by more than 3,000 tons – which is the equivalent of removing 465 cars from the roadways every year. The high-performance, eco-efficient modules have a lower carbon footprint than conventional solar panels manufactured using conventional, energy-intensive processes.
"Solar power is working for communities and businesses across the United States," says Jason Slattery, director of solar for GEM Energy. "Renewable energy projects are in the forefront of cutting-edge solutions that meet multiple economic and environmental concerns. In addition, efforts like this, involving numerous partners with significant ties to the community, demonstrate how success can be achieved through broadly-based collaboration."
The solar arrays are expected to be fully operational by Spring 2020.
About Dana Incorporated
Dana is a world leader in providing power-conveyance and energy-management solutions that are engineered to improve the efficiency, performance, and sustainability of light vehicles, commercial vehicles, and off-highway equipment. Enabling the propulsion of conventional, hybrid, and electric-powered vehicles, Dana equips its customers with critical drive and motion systems; electrodynamic technologies; and thermal, sealing, and digital solutions.
Founded in 1904, Dana employs more than 36,000 people who are committed to delivering long-term value to their customers, which include nearly every vehicle manufacturer in the world. Based in Maumee, Ohio, USA, and with locations in 33 countries across six continents, the company reported sales of $8.1 billion in 2018. Having established a high-performance culture that focuses on its people, the company has earned recognition around the world as a top employer. Learn more at dana.com.
SOURCE Dana Incorporated