Green Charge Networks monetizes distributed storage at 61 customer systems
Written By: Tracy Dawson Roses
October 8, 2015
Green Charge Networks monetizes distributed storage at 61 customer systems leveraging CPUC’s Self-Generation Incentive Program and reduced demand charges
On October 8, Green Charge Networks announced it has contracted with 61 Califonia systems representing 13.3 megawatt-hours to take part in utility or ISO programs using its shared-savings Power Efficiency Agreement (PEA) and distributed customer-sited energy storage.
Green Charge’s core business is to reduce commercial electric bills by providing peak demand shaving services. In addition, customers further enrolled in CAISO or utility programs through Green Charge are able to leverage the unused capacity of their energy storage system to earn extra revenues.
Vic Shao, CEO at Green Charge remarked:
“Empowering the end customers to make economic decisions on energy is the fastest and most scalable path towards energy storage adoption. California is providing meaningful incentives through the CPUC’s Self-Generation Incentive Program (SGIP) to seed the emerging marketplace for distributed energy resources. This has given customers the financial wherewithal to gain energy independence and bring virtual power plants into reality with networked customer sited energy storage.”
One of Green Charge Network’s customers is Mountain View-Los Altos High School District’s 1.08 megawatt-hour deployment is taking part in Green Charge’s ISO bidding program.
Mike Mathiesen, associate superintendent of business services at Mountain View-Los Altos, commented:
“For many schools, reducing demand charges necessitates battery usage during only a few hours per day or per month. With Green Charge aggregating our systems to take part in market programs gives us a new source of revenues well beyond our demand charge bill savings.”