A foamboard product manufacturer also implemented a new HVAC system and other energy saving devices to save up to 30% on energy expenses.
The project completes the trio of Chick-fil-As piloting the solar-powered microgrids.
The energy-as-a-service provider had more losses than the expected consensus, but its stock rose based on an optimistic view for 2024.
The add-on funding brings the energy services company’s cumulative Series E round to $250 million, and represents a significant step towards expanding Redaptive’s offerings and procuring new customers, the company said.
Electric vehicles can help buffer the grid but policies and regulations are needed along with compensation mechanisms, and the use of software to modulate EV charging to meet the needs of the grid in real time.
Budderfly, a Connecticut energy-as-a-service company, is reviewing new solar offerings with Ryders Health, Sonic and Subway restaurants.
The DC-coupled battery offers efficiency improvements over traditional batteries, which require three power conversions.
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