The real estate damage from Florence on the east coast is expected to come in between $150 and $200 billion. The three largest metro markets in North Carolina that face extreme storm damage from Hurricane Florence include Wilmington, Raleigh, and Charlotte. For comparison Florence may be the strongest hurricane since Hugo almost 30 years ago.
As utility companies rally to stage equipment and manpower to prepare for the aftermath of the hurricane, other companies are also preparing to assist with the recovery. Getting the power back up and running safely is naturally a top priority. If roofs have been torn off of homes and buildings, restoring electricity is only part of the fix. Philadelphia based, Independence LED Lighting is preparing to participate in the recovery. The company has running ties to the impact region of Florence, starting back in 2013, when Independence LED provided the energy-saving light-emitting diode (LED) technology for the U.S. Department of Veterans Affairs Durham Medical Center, in North Carolina and the BMW of Sterling auto dealership in Virginia.
“We focus on commercial LED lighting, so our ability to help in the Florence recovery will start with support for business owners, managers of non-profit organizations, and government/municipal facility administrators. We pledge to support our fellow Americans with our American made technology at factory-direct wholesale pricing regardless of the size of the project. We will also donate our time to assess the most cost-effective path forward that may include direct current, DC Microgrids to increase energy security and efficiency in the face of future storms.” - Charlie Szoradi, CEO, Independence LED Lighting
Independence LED Lighting is a Buy American Act (BAA) Compliant LED manufacturer, and sample Case Studies within the impact zone of Hurricane Florence include the BMW Dealership and the VA Medical Center. For more information on the next-generation of Direct Current Microgrids, click here: DC Micorgrid.
The two storms that are churning behind Florence have weakened, easing concerns of a repeat of 2017’s record hurricane season, when the storms called Harvey, Irma and Maria caused more than $200 billion of losses, according to reinsurer Munich Re.
CoreLogic estimates that the property damage from Florence could top $170 billion, in a worst-case rebuilding scenario. CoreLogic calculated the reconstruction cost value, which is the total expense of completely rebuilding a property in case of 100% destruction, for 12 metro areas in the Carolinas and Virginia.