Seco Tools adds solar to save
Swedish-based Seco Tools dedicated a 126-panel, nearly 29.61-kilowatt set of solar arrays that will help offset 60 percent of the company's lighting costs and 0.5 percent of its overall electric demand. Seco's U.S. headquarters is in Troy, Michigan.
The Lenoir City plant makes cutting tools and other machining products that Seco sells to a variety of industries. The company has been in East Tennessee since 1979 and employs 69 people.
The $187,500 project was assisted by a $59,220 grant from the Tennessee Solar Institute and a 30 percent federal tax credit. The project also received $1,000 in incentives from TVA and will participate in the agency's Generation Partners program, which pays a premium for customer-generated power from renewable sources.
Related News
Mexican president's contentious electricity overhaul defeated in Congress
MEXICO CITY - Mexican President Andres Manuel Lopez Obrador's plan to increase state control of power generation was defeated in parliament on Sunday, as opposition parties united in the face of a bill they said would hurt investment and breach international obligations.
His National Regeneration Movement (MORENA) and its allies fell nearly 60 votes short of the two-thirds majority needed in the 500-seat lower house of Congress, mustering just 275 votes after a raucous session that lasted more than 12 hours.
eeking to roll back previous constitutional reforms that liberalized the electricity market, Lopez Obrador's proposed changes would have done away with…
