Case Study - IMG Energy Solutions
IMG Energy Solutions (IMG) offers a wide range of development, construction and asset management services for gas and solar power generation.
Bregal Responsible Investment Report - 2019/2020
IMG owns and operates quick start, small-scale, natural gas-fired power plants, and solar PV projects in the PJM network – the US’s most prominent regional transmission organisation providing power to over 65 million people in the Mid-Atlantic and Midwest regions.
Sector: Energy
Head office: Pittsburgh, PA, USA
IMG is excited to be part of this unique and smart power project that represents the real value and viability of integrating clean natural gas power with renewable energy sources whilst de-risking critical power infrastructure and achieving significant savings on electricity costs.
Material issues:
Renewable Energy
Emissions and waste
Energy efficiency
Highlights
Powering the future at Pittsburgh International Airport
In 2019, starting with the Pittsburgh Airport project, IMG has expanded its offering towards developing efficient and environmentally friendly on-site power generation facilities for critical infrastructure in the community.
The Pittsburgh International Airport will soon become the first major US airport entirely powered by solar energy and onsite existing natural gas, making it one of the most resilient airports in the world and a global leader in aviation innovation.
This is being made possible through a combination of IMG’s natural gas generation expertise and IMG’s development, ownership and operation of a 3.5MW solar power system.
Scheduled to be operational in 2021, the project will bring power resiliency and safety to the airport, its tenants, and nine million annual passengers, whilst also creating cost efficiencies estimated to be worth more than $500,000 in the first year alone.
Power from the solar plant will be sold to the airport under a long-term power purchase agreement. IMG will also provide operations, maintenance and asset management services to the natural gas plant through long-term service contracts.
Sustainable energy production across Pennsylvania
Financed by a $6.36 million loan from Bregal’s Sustainable Development Fund, the solar plant will immediately contribute to Pennsylvania’s sustainability roll-out plan.
Despite being the third highest power generator across all US states, Pennsylvania ranked only 42nd in renewable generation in 2019. The project will not only immediately contribute to improving Pennsylvania’s sustainability roll-out, but will also bring greater power resiliency and redundancy to a critical regional infrastructure player, enhancing public safety and creating cost efficiencies.
As high-profile airport power outages multiply across the country, the microgrid is unique. In addition to providing power to both terminals, the airfield, the Hyatt hotel and a Sunoco gas station, it will be fuelled by regionally produced natural gas as well as by the airport’s on-site natural gas wells and nearly 9,800 solar panels across eight acres of an otherwise low utility former landfill.
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