UNIVERSITY HOSPITAL LOAN CLOSING

University Hospital recently closed on a $7,380,000 construction loan with the NJ Water Bank to replace co-generation plant turbines that have reached the end of their useful service lives. The existing turbines use an outdated water injection system to reduce NOX, which is not permitted under DEP rules. The turbines will be replaced with three solar Mercury 50 Turbines increasing capacity to 2.8 MW. The updated technology will result in a 50% decrease in emissions and save the hospital 8 million gallons of water per year. Overall, the upgrades will reduce the usage of potable water, significantly reduce airborne pollutants, and provide a resilient source of power to wastewater pumping stations, ejector pumps, stormwater sump pumps, and potable water systems.