The Cape & Vineyard Electric Cooperative, Inc. (CVEC), the south coast and islands’ non-profit energy cooperative specializing in the installation of renewable energy and electric auto infrastructure for governmental entities, announced today that CVEC’s long-time manager, Liz Argo, will assume the position of Executive Director.
According to Leo Cakounes, president of CVEC’s board of directors, “Thanks to Liz’s efforts, in 2019 the Cape & Vineyard Electric Cooperative grew to include 24 governmental members, including members from off-Cape. As executive director, Liz will continue CVEC’s growth, and the organization will be able to expand on its already impressive record of renewable energy integration.”
Since its inception in 2007, CVEC has managed the installation of over 39 megawatts of solar energy and saved participants over $14,000,000. The $14 million savings has allowed the 29 governmental participants, ranging from school districts to towns to fire districts to counties, to expand on critical programs.
“The savings on electricity we receive annually translates into more support for our students in the classroom,” said Carol Woodbury, superintendent of the Dennis-Yarmouth Regional School District. “Instead of paying high electricity bills we can have three more classroom teachers or ten teacher assistants. In addition, we are doing our part to reduce reliance on fossil fuels and our students are learning about the value of solar energy.”
The 18 participating municipalities that benefit from CVEC renewables report reduced utility budgets with revenues offsetting potential costs to taxpayers.
CVEC is currently gearing up for its sixth photovoltaic (PV) initiative. CVEC’s PV Initiatives include battery energy storage where applicable and are open to all governmental entities in the Southeastern Massachusetts Eversource territory. For more information go to www.cvecinc.org.