Atlantic Central Logistics Goes Solar (June 24, 2008)

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Atlantic Central Logistics Goes Solar

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June 24, 2008

Elizabeth, NJ, USA: Atlantic Central Logistics Goes Solar

Atlantic Central Logistics, (ACL) a leading asset-based logistics company, today announced that a 700-kilowatt DC solar photovoltaic system will be installed by North Chelmsford, Massachusetts-based American Capital Energy on the roof of ACL's Elizabeth, New Jersey headquarters.

Established in 1980, Atlantic Central Logistics has become a leading provider of supply chain management, distribution, warehousing, driver leasing, and local cartage to the freight forwarder within the transportation industry. Atlantic Central operates in nine cities throughout the US.

"As owners of four facilities in the New York metro region, we have been seriously evaluating solar for the past two years as a way to minimize our financial exposure to energy price fluctuations," said Robert Humes, Partner, Atlantic Central Logistics. "The time is right to leverage the solar value of our roof space so that we can not only mitigate the energy cost variable, but also enhance the value of our owner-operated facilities. We chose American Capital Energy as our partner because of their extensive experience in successful flat roof warehouse solar installations, flexibility in financing the project, and their ability to get it done in our timeframe."

"It is natural that as a leader in supply chain management, Atlantic Central Logistics should take an active leadership position in reducing and stabilizing their energy cost. Furthermore, by using the power purchase agreement (PPA) model to go solar they will benefit in two ways -- controlled energy cost for the long term and minimal capital investment," stated Tom Hunton, President of American Capital Energy, the company designing and installing the ACL system.

The ACL solar PV system will consist of over 4,000 SunTech 160/170 Solar Panel Modules, SatCon inverters and the SunLink Flat Roof Mounting system. ACL will be hosting the system under a power purchase agreement (PPA), where ACL will purchase energy produced at a fixed price below current utility rates.