Vermont Business Magazine Cabot Hosiery Mills, a Northfield Electric Department customer and manufacturer of the renowned Darn Tough Socks, will host a ribbon cutting ceremony on October 23, 2024, celebrating the company's ongoing energy efficiency improvements. The event will take place from noon to 1:00 PM at Cabot Hosiery Mills, located at 364 Whetstone Drive, Northfield, VT.
In 2022, Senator Bernie Sanders secured $1,000,000 in Congressionally Directed Funding to support the Vermont Public Power Supply Authority’s Business Energy Repayment Assistance Program (“BERAP”). BERAP provides on-bill repayment loans to VPPSA’s member utilities’ commercial and industrial customers to implement energy transformation projects.
Cabot Hosiery Mills has received he first loan through this new program to fund upgrades to its facility’s roof, a project fund upgrades to its facility’s roof, a project that will significantly reduce energy costs and contribute to lowering the company’s carbon footprint. Senator Sanders, or an appointed surrogate, will speak about the importance of such initiatives for the future of sustainable business practices and Vermont’s leadership in energy efficiency.
“Renewable energy also offers opportunities for families to save money,” said Sen. Sanders. “With rooftop solar, for example, you can generate electricity right at home and cut your electricity bills by 80% or more. That’s why I recently passed legislation to make it easier for low- and moderate-income families to install solar on their homes. While the path forward to a cleaner and more sustainable energy future for planet Earth will not be easy, and mistakes will certainly be made, the choice we face is pretty clear. Either we maintain the status quo and continue to see more heat waves, drought, floods and extreme weather disturbances or we move away from fossil fuels and do our best to make sure that the planet we leave our kids and future generations is healthy and habitable.”
VPPSA’s BERAP program, which supports local businesses in their efforts to reduce fossil fuel consumption, is key to ensuring the vitality of Vermont’s industries while supporting the state's broader environmental goals. The program allows businesses like Cabot Hosiery Mills to implement energy transformation projects that are financially viable, helping to keep jobs local and reduce reliance on fossil fuels.
“At VPPSA, we are committed to helping our communities thrive by making the transition away from fossil fuels both accessible and financially feasible,” said Ken Nolan, VPPSA’s general manager. “Cabot Hosiery Mills is an exemplary partner in this effort, demonstrating how investing in sustainable upgrades not only reduces energy costs but also strengthens our local economy and safeguards our environment. Through the BERAP program, we’re proud to support projects that contribute to long-term resilience to bolster Vermont’s sustainability efforts.”
The event will include remarks from Senator Sanders, leadership from Cabot Hosiery Mills, local officials, and VPPSA representatives, who will discuss the benefits of the partnership and the positive impact on both the business and the environment.
· Date: Wednesday, October 23, 2024
· Time: 12:00 PM – 1:00 PM
· Location: Cabot Hosiery Mills (Darn Tough Socks)
· Address: 364 Whetstone Drive, Northfield, VT
Source: Waterbury Center, Vt. – October 21, 2024 – Cabot Hosiery Mills
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