For Immediate Release - November 16, 2009

Patrick-Murray Administration Recognizes Fairhaven Titleist Golf Ball Manufacturer's Clean Energy Leadership

The Acushnet Company is first Massachusetts firm to qualify under the Commonwealth's new Alternative Energy Portfolio Standard; Company will sell Alternative Energy Credits associated with new combined heat and power facility

NORTH DARTMOUTH - Department of Energy Resources (DOER) Commissioner Phil Giudice today recognized the clean energy achievements of the Acushnet Company, presenting the Fairhaven-based golf equipment manufacturer with a DOER "Beacon for Energy" certificate for its leadership in alternative energy and industrial energy efficiency.

Commissioner Giudice congratulated company officials during a visit to Acushnet's North Dartmouth golf ball manufacturing plant, site of a new 2 megawatt combined heat and power (CHP) facility. Producing both heat and electricity in one on-site facility, CHP results in dramatic energy savings and reduced environmental impacts compared to centralized power and traditional heating systems, and is among several innovative technologies that qualify for Alternative Energy Credits under Massachusetts's new Alternative Energy Portfolio Standard (APS).

With today's signing by Commissioner Giudice of a Statement of Qualification for Acushnet's CHP (also known as "cogeneration") plant, Acushnet became the first Massachusetts company to qualify for APS credits. The company is a leading manufacturer and marketer of golf balls, clubs, shoes, gloves and other equipment under the Titleist, FootJoy and Cobra golf brands.

"Acushnet is demonstrating the type of leadership we all need to consider as the Commonwealth advances along the path toward a clean energy future," Commissioner Giudice said, noting that the CHP unit enables Acushnet to generate the same amount of energy for heat and electric power at the golf ball plant using 61 percent less fuel than before.

"By making use of heat energy that traditionally has been wasted, cogen plants such as this make companies more efficient and help them to grow. Under Massachusetts's new Alternative Energy Portfolio Standard, we expect to see many more companies follow Acushnet's lead."

Created by the Green Communities Act of 2008, the APS is designed to spark development of energy technologies that, while not renewable, contribute to the Commonwealth's clean energy goals by increasing energy efficiency and reducing the need for fossil fuel-based power generation. In addition to saving fuel, Acushnet's CHP unit will reduce greenhouse gas emissions associated with the golf ball plant by an estimated 23 percent.

Under DOER's regulations, utilities and other electricity suppliers must obtain a minimum percentage of their electricity from APS-qualified facilities. Set at 1 percent for 2009, the minimum requirement will rise by 0.5 percent per year through 2015 and then at 0.25 percent to reach 5 percent in 2020. Utilities and other suppliers comply through purchase of APS credits (or "certificates") or by paying into an Alternative Compliance Fund at the rate of $20 per megawatt hour of their required annual obligation.

Acushnet retained Nexant, a clean energy company, to help its cogeneration system qualify under the APS and to transact the resulting credits.

Commissioner Giudice presented Acushnet company officials with the DOER's first "Beacon for Energy" certificate in recognition of the CHP unit's benefits, as well as other steps the company has taken. These include leveraging utility rebates and incentives to implement $1.35 million in industrial efficiency projects over the past five years for a 6.2 percent energy savings, and the company's recent application for and completion of six federally-funded industrial energy audits.