MOUNT LAUREL, N.J. (Oct. 27, 2:55 p.m. ET) — Custom molder Injection Works Inc. is investing in a 290 kilowatt solar power system as part of a plan to reduce its carbon footprint and also help reduce its electricity costs.
The project will cover about 42,000 square feet of the company's roof, according to President Chris Rapacki. It should be running by January, after permitting and testing, he said.
“Our culture in the company is to be very sensitive of the environment,” he said in a telephone interview.
Rapacki added that the Mount Laurel, N.J., company made an effort to buy only U.S. components, even though he estimates that raised the cost by about 15 percent.
Injection Works was also able to take advantage of a state grant program from its public utilities fund that will help cover about 30 percent of the project cost.
He noted that the company has been very conscious in recent years to reduce its energy costs. It has replaced its lighting system, put in an Ingersoll Rand air compressor with a variable drive that operates only as needed, and has been adding more all-electric molding machines.
Rapacki said that solar system supplier Vanguard Energy Partners LLC estimated that the new system would offset about 25 percent of Injection Works' energy needs.
“Purchasing electricity is one of our largest variable costs and I think this is going to significantly help,” he said.
Injection Works operates out of a 46,000 square foot facility and has 23 injection molding presses, ranging in size up to 720 tons of clamping force. It employs 40.
The company was formed in 1988 as Eptech Corp in eastern Pennsylvania. It later relocated to New Jersey after acquiring the injection molding division of the A.L. Hyde Co., which has operated since the 1950s. The company was renamed Injection Works in 2010 as a way to communicate its core services to prospective clients.