U.S.: Limoneira teams up with Tesla in bid to reduce energy costs
California-based fruit, real estate and water rights group Limoneira Company (NASDAQ: LMNR) has commissioned a new joint project with Tesla to help reduce energy costs for its solar power facilities.
Limoneira currently has six solar installations across the company totaling 4.2 million kWhs annually while an additional solar project is planned for 2017 which will add 1.5MWs on Limoneira's packhouse roof, taking total capacity up to seven million kWhs.
"This project will study the efficacy of battery systems paired to solar manufacturing facilities," Limoneira's senior director Mark Palamountain said in the release.
"The goal is to reduce demand from the utilities during the day, which is the high cost period, and offset that use with less expensive night time energy that is stored in the battery."
Limoneira CEO Harold Edwards highlighted the company's "long history of land stewardship and sustainability".
"We will continue to make investments that are clean as well as profitable," he said.
In addition to Limoneira's solar operations, the company claims to be a leader in providing workforce housing, emphasizing its significant green waste recycling, integrated pest management and water projects.