LSI Industries Solar Installation Generates Significant Customer Energy Savings and Carbon Footprint Reduction
January 10 2023 - 12:56PM
Business Wire
LSI Industries Inc. (Nasdaq: LYTS), a leading U.S. based
manufacturer of commercial and industrial lighting and display
solutions, today announced results from its turnkey solar
installation at a Speedy Stop refueling and convenience store in
Austin, Texas. The LSI installation mounts a full array of solar
panels atop the refueling center’s canopy and car wash. On an
annual basis, the system generates 170 megawatt-hours (MWh) of
electricity. These results allow the entire investment in the LSI
solar panel system to be paid back in less than four years.
“LSI has been a great partner for years. When the opportunity
arose to install solar at one of our sites, we were confident that
LSI could deliver,” said Cliff Thomas, CEO and founder of C.L.
Thomas Inc., which owns Speedy Stop. “Now that we are up and
running, the investment is performing at—and sometimes greater
than—the levels LSI modeled. Our electricity needs from the grid
have been greatly reduced causing noticeable savings on our energy
bills!”
“There are over one hundred thousand refueling sites in the
U.S., which represents a significant opportunity for utilizing
solar applications to realize substantial energy savings in an
environmentally friendly way. LSI is uniquely positioned to support
the adoption of this technology as a leading manufacturer of
energy-efficient lighting and display solutions within the
refueling and C-store industry.” Clark continued, “This
installation demonstrates LSI’s ability to provide innovative
turnkey energy solutions while expanding our presence within other
growing markets, including those well-aligned with our long-term
plans.”
Thomas Fuels is a premier fuel, lubricant, and chemical
distributor in the southern United States. They offer Exxon, Mobil,
Shell, Chevron, Texaco, and Citgo branded fuels. For the last ten
years, they have been one of the nation’s top five marketers for
Chevron Lubricants and top five distributors for Exxon
Gasoline.
About LSI Industries
Headquartered in Cincinnati, LSI is a publicly held company
traded on the Nasdaq Stock Exchange under the symbol LYTS. The
Company manufactures non-residential lighting and display
solutions. Our lighting and lighting control systems consist of
high-performance, American-made lighting solutions. The Company’s
strength in outdoor lighting applications creates opportunities to
introduce additional solutions to its valued customers. Our Display
Solutions group consists of graphics solutions, digital signage,
and technically advanced food display equipment for strategic
vertical markets. LSI’s team of internal specialists also provide
comprehensive project management services in support of large-scale
product rollouts. The Company employs approximately 1,400 people at
11 manufacturing plants in the U.S. and Canada. Additional
information about LSI is available at www.lsicorp.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230110005907/en/
Media Contact Cliff Spurlock Marketing &
Communications Manager 513.372.3143 cliff.spurlock@lsicorp.com
Investor Contact Noel Ryan, IRC 720.778.2415
LYTS@vallumadvisors.com
LSI Industries (NASDAQ:LYTS)
Historical Stock Chart
From Jun 2024 to Jul 2024
LSI Industries (NASDAQ:LYTS)
Historical Stock Chart
From Jul 2023 to Jul 2024