Green Charge Announces New Solar Partner Solution with Energy Storage Performance Guarantees

Now Available, Commercial Energy Storage Solution Provides Simple,
Bankable Way to Bring More Value to New and Existing Solar Projects

SANTA CLARA, Calif.–(BUSINESS WIRE)–#ENGIE—Green
Charge today announced a new solution for the solar industry
providing a simple, bankable way to add energy storage to new and
existing projects. Designed for commercial solar developers and asset
owners, the Green Charge solution includes design services, advanced
control software, proven hardware, operations monitoring, and a kilowatt
reduction-based performance guarantee. With Green Charge’s performance
guarantee, the integration of energy storage into solar projects allow
solar developers and asset owners to avoid years of investment and risk
associated with creating a proprietary storage offering.

“Energy storage improves the performance of a solar asset and the value
of a project,” said Sean Kiernan, vice president and general manager of
solar plus storage at Green Charge. “Solar developers can compete in a
competitive market by offering combined solar and storage technology
solutions immediately. This new Green Charge offering gives solar
developers the tools they need to succeed without adding performance
risk to projects.”

In 2017, the energy storage market is expected to double in size in
California thanks to more than $448 million in federal and local
incentives to pair storage with solar projects. Together, both solar and
energy storage work to lower electric bills: solar by overall
consumption and storage by spikes in power demand. Variable power
generation is a weakness of solar systems that energy storage improves
on. Pairing solar and energy storage brings stability, increased
reliability and resiliency to the electrical grid.

According to a recent
report by market research firm Navigant:

The global electric power industry is evolving from a financial and
engineering model that relies on large centralized power plants owned by
utilities to one that is more diverse—both in sources of generation and
ownership of the generation assets. This transformation will continue to
have a significant impact on the solar PV industry worldwide. Key
emerging trends that will shape the trajectory of the global distributed
solar PV (DSPV) market in particular include price drops, changes in
financial incentives, and emerging business models.

“The combination of local solar and local storage will help deliver a
smarter and more efficient electricity grid that will benefit all
Californians,” said Bernadette Del Chiaro, executive director of the
California Solar Energy Industries Association. “Providing a simple and
seamless way to combine these two technologies will allow more schools
and businesses to control their energy behavior, save money, and protect
our environment.”

For more information about the Green Charge solution please
click here.

About Green Charge:

Green Charge has been designing and deploying commercial energy storage
since 2009, with systems installed throughout the United States. As part
of ENGIE, the largest independent power producer in the world, Green
Charge’s mission is to use energy storage to power the world efficiently
and sustainably. Our team consists of top energy storage industry
experts who provide performance-based solutions to optimize the value of
energy for our customers. Our ecosystem of solar, EV charging, and
energy efficiency experts allows our customers to combine energy storage
and renewables easily and economically. Visit www.greencharge.net
for more information.

Contacts

Green Charge
Anne Smith, 408-313-8089
[email protected]