Malden YMCA leaders joined their nonprofit energy partner and local leaders to unveil a significant new solar array on Wednesday November 14 which will help the Y reinvest more than $400,000 in the community over the life of the project.
Malden YMCA CEO Deborah Amaral joined PowerOptions, the nonprofit energy buying consortium, and Solect Energy at the announcement.
“The Malden YMCA is not only committed to meeting the needs of our community, but to investing in its long-term sustainability and wellness,” said Malden YMCA CEO Debbie Amaral. “The Y is proud to partner with PowerOptions and Solect Energy—two like-minded organizations working to improve our community for all.”
The solar array on the Y’s roof, which will generate 171 kilowatts of power, will offset approximately 15 percent of the YMCA’s total power load.
“We couldn’t be more excited for the ways the Malden YMCA and PowerOptions have partnered to support the Y’s incredible mission,” said PowerOptions Executive Vice President Meg Lusardi. “Our mission is the mission of our members and, from direct cost savings to sound marketplace advice and these innovative programs, we’re thrilled to see them in action.”
Solect Energy estimates it will save the YMCA more than $400,000 over the next 20 years.
“The Y will benefit from substantial energy savings, which will allow them to allocate more funds towards their mission-based work,” said Alex Keally, partner and SVP of Business Operations at Solect Energy. “In addition, the solar system and its readily available data can serve as a educational tool for their innovative STEM programs.”
Also on Wednesday, PowerOptions presented YMCA leadership with a check for $10,000 as part of its 20 for 20 initiative, a first-ever member donation initiative to celebrate PowerOptions’ 20th anniversary.
The Malden Y will utilize the funds to support its Full STEM Ahead program – which combines the enticement of Robotics, innovative STEM curriculum developed by Tufts University and peer leadership to instill in middle school age young people an excitement for learning and enhanced problem-solving and critical thinking – all while having fun.
Since 1998, PowerOptions has delivered more than $2 billion in energy while pursuing its mission of saving nonprofits and public entities time and money on energy, so those institutions can direct more resources toward their own important missions.
As part of its 20th anniversary, PowerOptions decided to push the boundaries of that mission and give back to members with two exciting donation programs that put funds directly into members’ organizations and help them keep pace with technology advancements and better prepare for their energy futures. In addition to the 20 donations of $10,000 each, PowerOptions will be gifting 20 electric vehicle charging stations to members in the coming weeks.
“As a nonprofit ourselves, PowerOptions has always invested in our programs and services for members,” explains PowerOptions CEO Cynthia Arcate. “This is another way of investing directly into our members’ missions and energy futures.”