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Energy Company Promotes Solar Panels for Use on Petroleum Tanks

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Sprague Operating Resources, a subsidiary of New Hampshire-based Sprague Resources, and Picktricity, have teamed up to produce thin-film solar panels, unique in that they can be directly applied to flat surfaces.
Energy Company Promotes Solar Panels for Use on Petroleum Tanks

Picktricity, a Massachusetts-based installer of thin-film solar panels, originally approached Sprague to apply the adhesive solar panels to one of its tanks in 2017. The thin-film panels are significantly more flexible and lighter in weight than traditional panels, which also require the additional weight of racks and bolts for installation.

Sprague, a well-known pioneer in the energy industry, agreed to a pilot program, and quickly saw positive results.

“We put the panels on a typical storage tank to see if we could use our existing assets to generate energy savings while enhancing our sustainability efforts,” said Jay Leduc, director of Sustainability at Sprague. “With the pilot project generating annual savings, we are excited to roll this out on many more of our tanks, and take advantage of greater savings and possible revenue generation.” 

 “Sprague’s proven ability to anticipate and stay ahead of market changes aligns exactly with our vision,” said Kevin Maloney, founder and chief executive officer at Picktricity. “They have the deep industry knowledge and relationships, and we have the solar installation expertise with best-in-class thin-film solar technology. We’re excited to collaborate to bring great opportunities for sustainability and electricity cost savings to the energy industry and beyond.”

After realizing the benefits at its own terminal, and recognizing the opportunity to help expand sustainability efforts across the industry, Sprague began partnership talks with Picktricity to expand the use of the technology not only on its own storage tanks, but also to offer the solution to other terminal operators throughout the United States.

With deep industry knowledge and experience installing the strips on a variety of flat surfaces, Sprague and Picktricity are well positioned to help terminal owners choose locations where the flexible thin-film product will have the most impact.

“Many of the options available allow terminal owners to receive power savings and environmental benefits without the requirement of capital investment,” said  David Glendon, president and chief executive officer at Sprague.

“Throughout our history, we’ve enjoyed success adapting our products and services to the evolving energy needs of our customers. Sustainable energy solutions, whether they are adding biofuels or renewable diesel, supporting wind installations, or providing turnkey solar solutions, simply make sense.”

Picktricity offers a full suite of solar solutions, including connecting customers to project financing options, which can minimize or eliminate the capital cost of the installation.

Photo Caption: Kevin Maloney, CEO of Picktricity, and David Glendon, CEO and President of Sprague hold one of the solar panels applied to Sprague’s South Portland, Maine, terminal tank.

 

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