Hackensack Meridian Health (HMH), operator of 18 hospitals across eight counties in New Jersey, is set to own the largest solar and battery energy storage system of any not-for-profit healthcare provider in the U.S., as it signs a 30-year Energy-as-a-Service partnership.
The agreement was signed with Bernhard, a privately owned infrastructure firm. The company combines development, financing, design, construction, and operations to offer comprehensive solutions that reduce energy use, risk, and cost for clients across various sectors.
“Bernhard is proud to embark on this transformative journey with Hackensack Meridian Health, utilizing our expertise to deliver a turnkey Energy-as-a-Service solution that will not only enhance operational efficiency but also contribute significantly to environmental sustainability,” stated Ed Tinsley, Bernhard’s CEO, in a statement.
The 30-year agreement encompasses $134 million in infrastructure improvements, a 10 percent reduction in carbon emissions, a 25 percent decrease in purchased electricity, and 33 percent guaranteed energy savings. Nearly 98 percent of the project scope is solar and battery storage, including 50,000 solar panels manufactured domestically.
“This partnership marks a significant milestone in sustainable healthcare practices and underscores Hackensack Meridian Health’s unwavering commitment to energy resilience and environmental sustainability,” said Robert C. Garrett, FACHE, CEO of Hackensack Meridian Health.
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