For liquid tank terminal managers, the increasing cost of electricity is becoming more of a pressing concern. Terminals, particularly those utilizing pump systems and heated storage, require substantial energy input, making them highly susceptible to fluctuating energy prices and forecasted grid capacity shortfalls. With surging demand from fast-growing data processing industries such as AI and cryptocurrency mining straining the grid, terminals are facing growing operational costs, supply uncertainties, and evolving regulatory demands. Finding a reliable and cost-efficient energy solution is now an undeniable priority. That’s where solar energy offers a strategic advantage. More terminal operators are turning to solar to achieve cost stability, gain a competitive edge, and support sustainability efforts—all while keeping their operations running smoothly.
The Growing Energy Crisis
In recent years, electricity prices have surged due to a combination of factors, including increased energy consumption from AI-driven technologies and crypto-mining operations. According to energy experts, these industries are expected to continue driving demand for electricity, putting further pressure on already stretched utilities. Many businesses now face higher costs, unpredictable price fluctuations, and potential supply shortages that can disrupt operations.
State and federal renewable energy policies add another layer of complexity. Many states have introduced strict decarbonization mandates, requiring corporations to adopt renewable energy solutions or face non-compliance penalties. Navigating these policies and securing reliable energy sources is becoming a top priority for forward-thinking businesses.
Solar Energy as a Decarbonization Strategy
For liquid tank terminals, investing in solar power provides a strategic way to tackle these challenges:
Regulatory Compliance: Many states have implemented renewable energy requirements for corporations. Solar energy enables businesses to meet these mandates, ensuring they remain compliant with evolving regulations.
Price Certainty: Unlike traditional energy sources, which are subject to market volatility, solar energy allows businesses to lock in fixed energy rates for up to 20 or more years. This provides budget certainty and protection against future price hikes.
Decarbonization Goals: Solar energy aligns seamlessly with corporate sustainability objectives. By reducing reliance on fossil fuels, businesses can shrink their carbon footprint, enhance their environmental credentials, and contribute to global efforts to combat climate change.
Navigating Renewable Energy Policies
One of the most significant hurdles for businesses adopting solar energy is understanding and complying with state-level renewable energy policies. These policies vary widely, making it challenging for companies operating in multiple states to keep up with compliance requirements. Sprague Solar provides tailored guidance to help businesses navigate this complex landscape. With Sprague’s expertise, companies can stay ahead of compliance deadlines and avoid costly penalties.
Why Tank Terminals Should Act Now
With electricity demand on an upward trajectory and regulatory requirements becoming more demanding, liquid tank terminal managers need to act quickly to secure more sustainable and cost-effective energy options. Solar energy provides a unique opportunity to mitigate financial risk, meet compliance goals, and reinforce energy resilience—all while maintaining business continuity.
Proven Success at Sprague Terminals
Since launching its initial pilot project in 2017 with the first-of-its-kind flexible solar panel installation on a storage tank in South Portland, Maine, Sprague has continued to expand its solar footprint. The initiative has expanded to include the Rensselaer facility in New York —the first application of solar tank technology in the state. The Rensselaer system alone produced 215,000 kWh in 2024. This output continues to reduce operating costs, offset non-renewable energy from the grid, and garner local support for further solar expansion.
In 2024 alone, our liquid storage tank solar installations have generated significant clean energy, delivering measurable environmental benefits. Here’s what that energy savings look like in real-world examples:
Gain A Unique Advantage with Sprague Solar
The Sprague Solar innovative liquid storage tank solution provides several key benefits for customers:
Enhanced Efficiency & Sustainability: Creating additional purposes for existing infrastructure reduces waste and maximizes resource efficiency, supporting corporate decarbonization goals.
Seamless Transition: Businesses can implement expense-controlling solar energy with no upfront costs and without disrupting operations, ensuring a smooth transition to renewable energy.
Reliable Energy Supply: Solar Liquid Storage Tank Solutions help mitigate supply constraints from rising electricity demand, ensuring consistent energy availability during peak periods.
With 150-plus years of experience in the energy sector and a proven track record of innovation, Sprague offers comprehensive solar energy solutions tailored to the needs of fuel customers and commercial businesses. From repurposing liquid fuel storage tanks to navigating renewable energy policies, Sprague provides the tools and expertise companies need to succeed in today’s energy landscape.
Takeaways for Your Business
Stay Ahead of Regulations: Leverage Sprague Solar’s expertise to navigate state-level renewable energy policies and ensure compliance.
Gain a Competitive Edge: Enhance your sustainability credentials with Sprague’s unique Liquid Storage Tank Solar Solutions capability, positioning your business as an industry leader in decarbonization.
Achieve Budget Certainty: Lock in long-term energy rates with solar energy, protecting your business from market volatility and ensuring predictable costs.
As energy challenges continue to grow, businesses that act now to adopt solar energy will be better positioned to thrive in the future.
Contact Sprague Solar today to learn more about how our innovative solutions can help your business succeed in the new energy economy.
