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Generac Grid Companies, a subsidiary of Generac Energy Techniques and PosiGen, a residential {solar}, energy effectivity, and energy schooling supplier for low- to moderate-income residents, introduced they may increase entry to scrub energy storage by way of a brand new program that gives battery backup and load-management methods to residents. This system may even present energy again to {the electrical} grid, serving to to extend grid stability, whereas lowering reliance on fossil fuels.

PosiGen stated the shopper charges for this providing shall be nominal.

“We’re providing our battery storage clients a low-cost, long-term lease, modeled on PosiGen’s present method to delivering {solar} plus energy effectivity to LMI clients,” stated Ben Healey, chief industrial officer at PosiGen.

Via this system, which shall be facilitated by Generac Grid Companies, PosiGen’s {solar} clients in Connecticut will be capable of get hold of a Generac PWRcell battery and Generac PWRmanager load administration system to pair with present {solar} panels, to supply energy to clients’ houses when the grid goes down. Moreover, when tied to the grid and never offering backup energy to the house, the PWRcell battery might be configured to supply as much as 18 kWh of usable energy again to the grid to assist handle peak demand. Generac Grid Companies will handle and optimize every battery’s contribution to the grid, utilizing its Concerto distributed energy useful resource management platform.

“Over the previous few years, PosiGen has served 1000’s of low- and moderate-income householders in Connecticut, offering rooftop {solar} and energy effectivity measures to assist them lower your expenses and improve the consolation and effectivity of their houses,” stated Tom Neyhart, CEO of PosiGen. “However resiliency through battery backup has traditionally been out of attain. Now, in partnership with Generac, we are able to ship a very holistic package deal that can assist this historically underserved inhabitants when climate occasions disrupt the grid, whereas additionally delivering large ongoing worth to the grid as a complete.”

Generac Grid Companies and PosiGen intend to copy this system throughout the nation the place there are favorable incentive constructions and a powerful curiosity in serving to low- to moderate-income clients acquire energy resiliency.

“That is an thrilling new mannequin that brings all the fitting gamers collectively to supply an impressive expertise for purchasers of modest means,” stated Bud Vos, president of Generac Grid Companies. “Our purpose is that many extra individuals in our area will expertise the consolation and peace of thoughts that comes with having a resilient — and clear — supply of energy.”

Generac Grid Companies works with utilities to develop efficient energy storage resolution (ESS) applications that present the incentives required to assist this distinctive provide, probably together with each together with upfront and performance-based incentives and integration with present applications. On this pilot, Generac will work with the Connecticut Energy Storage Options program, a state program that helps clients set up energy storage at their dwelling or enterprise.

“The CT ESS program and its concentrate on paying for distributed worth delivered to the grid, mixed with Generac’s {hardware} and asset administration capabilities, are what allow us to make this provide work, and we frankly anticipate demand to be important and drive significant funding in rising this program for PosiGen,” stated PosiGen’s Healey.

Moreover, Generac Grid Companies and PosiGen will work collectively to lift buyer consciousness of this system. Specifically, PosiGen anticipates providing this new resolution to its whole put in base of shoppers throughout the state of Connecticut, with an instantaneous concentrate on these residing in underserved cities and cities, whereas incorporating the product going ahead as a beneficial possibility for each new {solar} system it installs within the state.

Information merchandise from Generac Grid Companies



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Economic headwinds lead solar developers to seek funding alternatives

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Economic headwinds lead solar developers to seek funding alternatives


Nontraditional floor leases and different renewable financing fills capital void amid rising rates of interest

By Michael Park, Director of Renewable Energy, Twain Monetary Companions

Hovering prices – for labor, for gear, for supplies – are hitting each section of the financial system, even beforehand booming areas just like the {solar} energy market.

In the meantime, quickly rising rates of interest are complicating an already tough financing course of. Larger charges translate into increased debt funds for borrowed funding and elevated reluctance from lenders to fill the hole.

The result’s a double whammy – a discount in capital accessible for initiatives at a time when venture worth tags are rising.

Some builders are selecting to deal with the issue by merely growing sponsor fairness, thereby accepting diminished venture returns. Others, although, are turning to artistic alternate options to resolve the financing riddle.

What builders want within the present market atmosphere is a accomplice keen to be versatile and inventive – who can collaborate to assume outdoors the field and craft an answer that delivers extra financing proceeds.

For instance, specialty finance agency Twain Financial Partners carried out a current portfolio evaluate with a {solar} developer who meant to personal the venture land moderately than lease it. The client had been approached by others with provides for a conventional 99-year floor lease to assist fund the venture, however such preparations didn’t curiosity the developer as a result of they wished to personal the property.

As a substitute, Twain instructed its floor lease product that primarily operates as a bridge mortgage, with repurchase choices as early as Yr 3, all at a set, predetermined worth. The product permits for the capitalization of as much as 36 months of lease, offering time to stabilize and generate money circulation from the finished venture. It additionally gives a 3rd supply of fund era, enabling the development mortgage proceeds to be elevated.

As well as, Twain’s floor lease capital product decreases the everlasting debt leverage ratio, as the bottom lease proceeds might be maximized – and at a less expensive value of capital. The lease is secured by the land moderately than the leasehold curiosity.

And Twain is offering the remainder of the capital stack moderately than the developer utilizing a number of financing companions. That’s as a result of Twain’s renewable energy financing merchandise embody development debt, everlasting debt, and tax fairness funding.

Whatever the mixture of capital varieties utilized, the important thing for builders is discovering the precise individualized match for his or her venture.

Whereas Twain has supplied financing for conventional industrial actual property property for various years, the agency additionally has been increasing its renewable energy focus. The corporate has dedicated to funding $1 billion in renewable energy initiatives over the subsequent three years, and it not too long ago closed on a $135 million floor lease for a renewable diesel facility in Reno, Nevada, its largest floor lease funding to this point.

One of many primary variations between Twain and different financiers is the flexibleness to finance the whole capital stack. The result’s a streamlined, simplified method with a accomplice that gives a single supply for all venture capital.

In sophisticated monetary occasions like these, why make issues tougher than they should be?

Sponsored Content material by Twain Monetary



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Priority Power Begins Operations for Beloit Solar Farm in Kansas

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Priority Power Begins Operations for Beloit Solar Farm in Kansas


Priority Power has formally opened Beloit {Solar} Farm (BSF), a 2 MW {solar} farm that may present clear, renewable, dependable electric energy to Beloit in Kansas.

The Beloit {Solar} Farm was developed and constructed by, and shall be operated and maintained by, Precedence Energy. The farm will present enhanced reliability to the town’s energy portfolio.

“Our neighborhood has been a frontrunner in self-generating energy for over a century, and it’s really an honor to have the ability to proceed that historical past with the official opening of the brand new Beloit {Solar} Farm,” says Jason Rabe, Beloit’s metropolis supervisor. “Precedence Energy has been an amazing associate and has helped this mission come to life, offering the experience to convey this mission to fruition in a difficult setting.”

“This mission will present one other software in our toolbox to offer extra reasonably priced, dependable energy to our prospects and can present academic alternatives for our native college students, each in native faculties and NCK Technical School,” continues Rabe. “Our neighborhood is likely to be humble and sometimes hold quiet, however we’re very pleased with our historical past and at this time provides to that historical past.”

“The Beloit {Solar} Farm is an incredible mission, and we’re grateful to the Metropolis of Beloit, the mayor and council, Jason and his staff, and particularly the neighborhood for his or her assist,” states Rick Borry, managing director of renewable energy at Precedence Energy. “Precedence Energy has many Jayhawks and Wildcats on our staff, and with the ability to work in a neighborhood and a state with such a storied historical past of energy technology and electrification has been unimaginable.”



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Energy Storage Systems: What to look for

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Briggs & Stratton

When deciding which Energy Storage System (ESS) to suggest or set up, it’s vital to know the variations between the choices of varied producers. These variations typically maintain the important thing to deciphering Levelized Value of Energy Storage (LCOES). One of the useful sources when evaluating the variations between varied techniques is to look at the product specification sheets.

Here’s a reminder about what LCOES is and methods to calculate it.

LCOES

Whereas it’s common to make buying choices based mostly on upfront value, the LCOES considers the battery’s complete capability, the Depth of Discharge (DoD) that you just intend to make use of, cycle life ranking on the DoD thought of, effectivity ranking, and complete ancillary prices over the lifetime of the battery. Under is a simplified LCOES calculation.

Listed below are a few of the most vital parts of a specification sheet.

Briggs & Stratton

Kilowatt Hour Capability

Complete rated kilowatt-hour capability is often a battery’s nameplate kWh, and usable kilowatt-hour capability is the quantity of capability that you’ll use or are literally required to make the most of at a specified DoD by the producer. Each of those values present an estimate of how a lot energy a system can retailer, however usable kilowatt-hour is the % of energy you possibly can really use out of the overall rated nameplate capability. Relying on the battery, there are completely different cost and discharge charges, recognized because the “C-rate”. This equates to the quantity of energy {that a} system can pull out of a battery in a selected timeframe. This metric offers you an thought of how a lot instantaneous in addition to long-term capability in kWh might be pulled from a system. It additionally dictates the cost and discharge fee of a battery.

Briggs & Stratton

Depth of Discharge (DoD)

When attempting to find out which battery is most cost-effective, it’s important to evaluate the allowable or, extra importantly, warrantied depth of the discharge. For instance, some batteries are solely beneath guarantee once they aren’t discharged (or used) past 70% of their complete rated capability at a time. A producer like SimpliPhi®, a Briggs & Stratton model, has cobalt-free, Lithium-Ion batteries that may typically be discharged 80% to 100% with out negatively affecting their rated cycle life at every DoD. This leads to considerably extra obtainable energy to make use of hour over hour, which means the batteries will present extra worth over the span of their life with a guaranty to again it up.

Cycle Life or Throughput

Cycle life refers back to the variety of full cost and discharge cycles anticipated over a battery’s lifetime whereas it has no less than 80% of its unique printed capability left, which is the trade customary end-of-life (EOL) definition. Some battery producers don’t maintain to the 80% EOL, which might make it troublesome to evaluate LCOES precisely. This specification, the overall kWh throughput capability over the battery’s warranted life, could also be offered in both megawatt-hours or complete cycles.

Finish-of-Life Capability

A battery reaches its EOL when it may solely retailer a diminished proportion of its unique rated nameplate storage capability. SimpliPhi batteries have an EOL of 80%; different producers’ batteries have an EOL of solely 60% to 70%. That signifies that after a 10-year warranted timeframe, or after biking the battery 10,000 instances at 80% DoD, the battery will nonetheless have 80% remaining capability. It can proceed for use far past the ten,000 cycles. Finish-of-life is an important metric to contemplate on a comparative foundation when buying an ESS as a result of it’s a strong indicator of the worth the system will present over the complete span of its life.

Ancillary Prices to Watch For

Briggs & Stratton

To mitigate the chance of “thermal runaway” and fireplace and be eligible for guarantee protection, cobalt-based lithium-ion batteries should be operated inside a slim ambient temperature vary. Sustaining a protected working temperature for the cobalt-based lithium batteries requires air flow, cooling, and thermal monitoring tools. This extra ancillary tools creates extra prices and dangers of failure in your energy storage system that aren’t mirrored within the “record value” per kWh of the lithium cobalt battery itself. Whereas cobalt-based lithium-ion batteries could also be cheaper on an upfront $/kWh foundation, they’re much costlier on the level of set up and over the lifetime of the energy storage system. As well as, many cobalt-based lithium-ion battery producers void the guarantee if the required ambient temperature shouldn’t be maintained and recorded every day.

Concerned with studying extra about Briggs & Stratton energy storage choices? Get in touch with us.

Have you ever checked out our YouTube web page?

We now have a ton video interviews and extra content material on our YouTube web page. Not too long ago we debuted Power Forward! — a collaboration with BayWa r.e. to debate increased degree trade matters in addition to greatest practices / developments for operating a {solar} enterprise as we speak.

Our longer operating aspect venture is The Pitch — wherein we now have awkward discussions with {solar} producers and suppliers about their new expertise and concepts in order that you do not have to. We have discusses every little thing from residential rail-less deck attaching and home solar financing to large-scale energy storage value stacking and utility-driven new dwelling solar + storage microgrids.

We additionally publish our Project of the Year bulletins there! Interviews with this 12 months’s winners will probably be up beginning the week of Nov. 8. Head there and subscribe as we speak to remain on high of all this additional stuff.

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