Priority Power Management lines up retail power supply for Toyota’s North American HQ
Written By: Stratton Report
June 8, 2016
On June 8, Priority Power Management, LLC, an energy management and consulting services firm, announced it secured a unique retail electricity supply contract for Toyota Motor North America’s new North American headquarters in Plano, Texas that begins today.
Earlier this year, Toyota sought a consultant to develop and implement a comprehensive energy supply purchasing strategy consisting of a combination of on-site renewable electric supply, off-site renewable electric supply, alternative fuel supply, and standard electric supply. Toyota engaged PPM in March.
PPM developed specifications and managed a competitive procurement process seeking a qualified retail electricity provider. The process resulted in a 5-year electricity supply contract awarded to Houston-based MP2 Energy.
The agreement included a product structure that would allow Toyota the operational flexibility to ramp up energy consumption over time, accommodations for the introduction of onsite power generation from a 7.75 MW PV system, the ability to receive payments from MP2 Energy for any excess power that may flow back to the grid, and the inclusion of Green-e certified renewable energy credits for all power consumed from the grid.
John Bick, Managing Principal of PPM noted:
“This was an extremely complex engagement given the size and multi-use functional areas of the campus, not to mention the integration of the solar PV system. Throughout the competitive procurement process, we challenged the conventional thinking of potential suppliers in many ways to achieve Toyota’s goals. In the end, we were successful in this endeavor and are honored to have represented such an innovative company like Toyota.”
According to the firm, PPM’s energy consulting and advisory services engagement with Toyota will continue throughout the 5-year term of the electricity supply agreement.