Swell Energy Offers Innovative Battery Deal to 8,000 Customers in Southern California

Innovative utility planning and Swell's Virtual Power Plants enable homeowners in southern California to receive a discounted second home battery and ongoing GridRevenue payments

LOS ANGELES--Swell Energy Inc., an advanced energy and grid solutions provider, today announced new opportunities for Southern California Edison (SCE) customers enrolling in its two clean energy virtual power plant (VPP) programs further incentivizing the transition to renewable and reliable power sources. The VPP programs are available to SCE customers in various Orange County, Ventura County and Santa Barbara County neighborhoods who are interested in installing solar powered home batteries, and joining Swell's neighborhood Virtual Power Plants. Swell offers customers home batteries for a low fixed monthly payment and a second home battery at a reduced price when choosing Swell financing and joining Swell's VPP program. With this opportunity, customers and their communities can achieve greater resiliency and benefits from onsite backup power, and help the grid by reducing demand for electricity at key times.

VPPs offer a compelling way for homeowners, business owners and utilities to collectively meet today’s shifting energy needs by unlocking the potential of solar energy stored in an onsite battery. Owners can draw down stored energy when electricity is most expensive and reserve solar energy in case of a power outage. Participants in Swell’s southern California VPP programs further benefit by earning GridRevenue when consuming their stored energy in the evenings, providing much needed relief to the grid during peak times. By using a battery when the utility values it most, homeowners can arbitrage both retail and wholesale energy rates and achieve an accelerated payback on their energy system. Adding a second battery to the system further increases participation levels in the VPP and opportunities for GridRevenue, while simultaneously expanding power security on site. Swell's VPP program began operating earlier this year and is ramping up over the following year, providing immediate value to homeowners, small businesses and the grid.

“In SCE’s service area, our VPPs shift solar power consumption to peak demand periods en masse. By doing so, these programs provide the savings and energy security homeowners and businesses want, while increasing the local grid’s flexibility and resilience,” said Suleman Khan, CEO of Swell Energy. “Swell VPPs ensure homeowners receive the maximum value from their home battery, and that utility VPP sponsors and adopters benefit from a large fleet of strategically placed batteries. Our ongoing energy programs with SCE are great models for the future of our electric grid in general.”

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