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Panasonic To Fund Solar Power Installation on Conrad N. Hilton Campus in California
Panasonic prides itself on providing “ideas for life”, and it seems like the company is living up to that promise with news that the Panasonic Enterprise Solutions Company will work with Renewable Social Benefit Funds (RSB Funds) to create a 115 KW solar power generation installation for the corporate campus of the Conrad N. Hilton Foundation in Agoura Hills, CA. Denver-based RSB Funds is an alternative energy company that is dedicated to bringing solar power to hospitals, schools, low-income housing projects, water districts, universities, airports, municipalities and other governmental and tax-exempt entities. For the Hilton Foundation campus, they are aiming to construct an energy installation that will make the company “more energy-efficient and environmentally responsible.”
“We are pleased to be working with Renewable Social Benefit Funds and Panasonic Enterprise Solutions Company on this solar project, as this is part of our entire campus strategy to lower our carbon footprint,” said Patrick J. Modugno, Vice President, Administration and Chief Financial Officer of the Conrad N. Hilton Foundation. “Renewable Social Benefit Funds’ financing will allow us to allocate assets to other charitable purposes, a double win for the Foundation.”
“As a company that aims to create a sustainable future, Panasonic is delighted to be working with RSB Funds to make this project possible for the Conrad N. Hilton Foundation,” said Jim Doyle, president of Panasonic Enterprise Solutions Company. “They have a great record of achievement in making the benefits of solar power available to non-profits and other similar organizations.”
Hilton, Panasonic and RSB Funds all working together for a greener, cleaner future? If only other major companies did that could follow their lead.
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