BAR HARBOR, Maine (NEWS CENTER) -- By burning wood pellets instead of foreign oil, the Jackson Laboratory in Bar Harbor saves $1.5 million each year.
That means in two years, the lab will earn back its investment in the $4 million project.
After receiving money from Maine Efficiency and the American Recovery and Reinvestment Act, the Jackson Laboratory started building a new facility with wood boilers.
Now, it uses wood pellets to create steam. Already, the wood pellets account for nine percent of lab's energy, reducing the lab's depency on foreign oil by one million gallons.
It's a form of clean energy, reducing the lab's CO2 emissions.
It also supports the state's economy by buying Maine wood and contracting a Maine shipping company.
"It's a win for people immediately and long-term, it's a win for the environment, it's a win for the lab. We love this project," said Charles Hewett, Vice President at Jackson Laboratory.
They hope to keep using the wood pellets, and inspire other businesses to do it, too.
"Wood pellets are very available in Maine," said Project Manager Norm Burdzell.
"We have contractors right now with our suppliers for five years, and we're looking for many, many more."