|Raytheon Green Lights Renewable Energy System|
MCKINNEY, Texas, May 25, 2011 (BUSINESS WIRE) -- Raytheon Company will soon give the green light to a renewable energy solution that turns waste into electricity.
Raytheon plans to power five of its North Texas facilities, in part, with electricity generated by methane gas produced as a natural byproduct of landfill decomposition. It will "turn on the renewable light" at a ceremony scheduled for Tuesday, May 31, at the Montauk Energy gas-to-energy landfill facility in McKinney, Texas, located at 500 Old Mill Road.
The company is acquiring the renewable energy from Montauk through a contract with Noble Americas Energy Solutions LLC. The green power will fulfill approximately 20 percent of Raytheon's north Texas energy needs.
"We're the first Raytheon facility in the U.S. to initiate a program like this and one of 25 companies in Texas that is using a natural waste byproduct to power its commercial electricity needs," said Mike Allgeier, vice president, Raytheon Network Centric Systems' Operations and North Texas regional site executive.
"This project is our largest sustainability initiative in Texas to date. Since it will have such a favorable impact on the environment, it's not only a major step forward for our company, but for the North Texas community as a whole," he said.
Raytheon in North Texas employs nearly 10,000 people and generates almost $1 billion in local payroll. Raytheon's Texas operations also yield more than $18.5 million in taxes, and local employees devote over 9,500 hours in community service each year.
Allgeier said the five sites will receive enough renewable-based electricity to power 2,400 homes. Raytheon will gain Green-e-certified renewable energy credits as part of its North Texas initiative, and the program supports the company's goal to reduce greenhouse emissions by 10 percent between 2008 and 2015.
According to the U.S. Environmental Protection Agency (EPA), as of December 2010, at least 541 operational gas-to-energy landfill projects in 46 states have transformed methane gas into usable energy. They generate approximately 1,684 megawatts of electricity per year, and deliver 305 million standard cubic feet per day of landfill gas to business and government users--enough renewable energy to power or heat nearly 1.7 million homes.
About 510 additional landfills are currently candidates for landfill-gas-to-energy projects. Texas has 24 landfill gas energy projects and at least 57 more suitable sites.
Raytheon Company (NYSE:RTN), with 2010 sales of $25 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 89 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 75,000 people worldwide.
SOURCE: Raytheon Company
for Raytheon Company