- Press Releases
April 21 (Renewables Now) - Electricity and natural gas supplier AEP Energy, part of American Electric Power (NASDAQ:AEP), said on Monday it will provide locally-sourced renewable energy to Crown Battery Manufacturing Company in northwestern Ohio.
The two companies have signed an agreement, under which the Fremont, Ohio-based battery manufacturer will make use of AEP Energy's Integrated Renewable Energy (IRE) option. This is a long-term, fixed price retail energy offering that supports new, local wind and solar.
The IRE contract will start in January 2023 and have a duration of more than 12 years. Crown Battery will buy 100% National Green-e Renewable Energy Credits (RECs) until the new renewable projects are developed.
The deal will allow Crown Battery to further cut its carbon footprint while supporting the construction of new renewable resources in its area.