MGM Resorts International took a daring step in 2016 when it ended its energy-buying relationship with NV Energy and as a substitute selected to buy electrical energy from non-public suppliers. The firm’s resolution was pushed by a want to slash payments and enhance renewables.
Henry Shields, govt director of finance and evaluation within the Corporate Sustainability division of MGM Resorts International, was a visitor on The POWER Podcast. Shields might be a keynote presenter on the ELECTRIC POWER Conference and Exhibition, which might be held at The Mirage Events Center in Las Vegas, Nevada, April 23–26, 2019. On the podcast, Shields defined how the adjustments have been carried out.
“Nevada’s not a deregulated state within the purest sense,” Shields mentioned. “However, there’s been a regulation in Nevada on a really restricted path for sure subtle business prospects to do what we did.”
“What we did was separate from the utility when it comes to the precise procurement of electrical energy in order that we have been capable of supply our energy from the broader market. We do stay actively—and can so sooner or later—very a lot a buyer of NV Energy, however now for native strains and wires, and transmission service solely,” Shields mentioned.
Concerning renewable vitality, MGM Resorts International has actually embraced solar energy. Even earlier than it broke away from NV Energy, MGM put in greater than 26,000 photovoltaic panels on its Mandalay Bay Convention Center—about 28 acres of rooftop space. Furthermore, in April 2018, the corporate introduced it was partnering with Chicago-based Invenergy, North America’s largest impartial renewable vitality firm, to assemble a photo voltaic mission about 25 miles north of Las Vegas. At full manufacturing, the 100-MW photo voltaic array is anticipated to supply as much as 90% of the overall daytime energy wants for MGM Resorts’ 13 Las Vegas Strip places. Shields mentioned the mission would go a great distance towards assembly the corporate’s revealed objective of decreasing its carbon depth by 50% by 2030.
For extra energy podcasts, go to The POWER Podcast archives.
—Aaron Larson is POWER’s govt editor (@AaronL_Power, @POWERmagazine).
The publish How a Major Resort Owner Manages Its Power [PODCAST] appeared first on POWER Magazine.