Posted September 13, 2023
BEND, Ore., Sept. 12, 2023 (GLOBE NEWSWIRE) -- Elexity (www.elexity.io), a pioneer in virtual power plant software for commercial buildings, has been awarded a Small Business Innovation Research (SBIR) grant from the U.S. Department of Energy (DOE) to integrate energy storage with Elexity’s advanced load control and solar optimization software, creating a whole-building solution.
Elexity will begin testing and development at the CPS America Innovation Center near Dallas, Texas, where the companies will demonstrate how storage combined with intelligent load control technology can deliver an array of advantages, including:
Enhanced Backup Power: Through coordinated load control and dynamic back-up ratings, building owners can rely on these advanced batteries for extended backup power during outages, ensuring uninterrupted operations.
Avoided Electrical Upgrades for EVs: Dynamic whole-building load management allows building owners to reduce the time and cost to install EV charging by up to 50 percent.
Increased Grid Revenue: Intelligent coordination can double a building’s participation in utility load flexibility programs, such as demand response; utilities also benefit from greater predictability.
Double Savings: Users can double their demand charge or time of use (TOU) arbitrage bill savings by optimizing energy storage utilization in concert with building HVAC and EV charger load control.
Maximize Sustainability: Optimize when buildings draw energy to maximize the use of on- or off-site clean energy resources.
“Combining CPS’s turnkey energy storage hardware solutions with Elexity’s VPP software is an exciting opportunity to bring a unique solution to our mutual commercial customers,” said Bryan Wagner, GM of CPS America.
“Our unique load control-plus-storage solution for commercial buildings will drive compelling benefits for commercial customers and utilities. We believe this will accelerate adoption of storage in the U.S. market. CPS is a great partner to have in this effort with their strong track record, bankable technology and local team,” said Casey Miler, CEO of Elexity.
Elexity and CPS will be seeking pilot opportunities to deploy this next-generation system. Interested utilities, solar developers or commercial building owners should contact Elexity at www.elexity.io/pilot
CLICK HERE to read the full press release.
