SoCore
Energy a wholly-owned indirect subsidiary of Edison
International (NYSE: EIX), and Cinemark
Holdings, Inc. (NYSE: CNK) have lit up the big screen with solar
power at the Cinemark Tinseltown theatre at 2291 Buffalo Road,
Rochester, N.Y. As part of a larger national rollout of Cinemark’s solar
installations by SoCore Energy, this theatre has connected 315 kilowatts
of solar power from a rooftop installation, an energy choice that allows
Cinemark to provide moviegoers with a high-quality experience generated
from cleaner energy.
SoCore Energy’s engineers designed and managed the installation of 1,274
photovoltaic solar panels atop the Cinemark building. While SoCore
Energy provides the design and engineering for the projects, the
construction is sourced locally, supporting clean-energy jobs in New
York.
The system is owned by Cinemark, but operated and maintained by SoCore
Energy. Cinemark’s solar system will avert over 10 million pounds of
carbon dioxide emissions from being released into the atmosphere over
the life of the system.
“We are excited to be partnering with SoCore on this initiative,” said
Art Justice, Cinemark’s vice president of Energy & Sustainability. “As
part of our overall sustainability plan, Cinemark is currently engaged
in a 5 megawatt solar photovoltaic rollout in various markets across the
country, including Rochester.”
“We understand how important clean energy choices are for Cinemark and
its moviegoers,” said Pete Kadens, president of SoCore Energy. “We are
proud to combine the stability of Edison International with SoCore’s
entrepreneurial spirit in order to develop ideal solar solutions for
customers like Cinemark.”
Typically, most of a cinema’s electricity is used to power heating and
cooling systems, projection and sound equipment and lighting. Now, due
to the new solar installations, a significant portion of Cinemark’s
electrical consumption will be shifted to on-site, clean solar energy.
Edison International, based in Rosemead, Calif., acquired SoCore Energy
in August 2013 as part of Edison’s leadership role in building out the
next generation grid through technical know-how and capital investment.
On-site commercial solar is part of Edison’s vision of a future where
customers have more choices and access to clean energy. Edison
International and its companies, such as SoCore Energy, are essential to
bringing that future to life.
About SoCore Energy:
SoCore Energy (www.SoCoreEnergy.com)
is a market leader in commercial and industrial solar portfolio
development. With hundreds of solar solutions designed and installed
across 19 states, SoCore offers multisite retailers, REITs and
industrial companies portfolio-wide solar solutions that provide energy
cost savings and carbon reduction opportunities. As a wholly owned
indirect subsidiary of Edison International, SoCore combines Edison’s
Fortune 500 stability with entrepreneurial creativity in order to
provide energy solutions that our customers genuinely want and need.
About Cinemark Holdings, Inc.
Cinemark is a leading domestic and international motion picture
exhibitor, operating 488 theatres with 5,609 screens in 40 U.S. states,
Brazil, Argentina and 10 other Latin American countries as of June 30,
2014. For more information, go to www.investors.cinemark.com
Copyright Business Wire 2014