The program will help homeowners in Derby, Connecticut access solar-plus-battery solutions regardless of their socioeconomic status.
The company released an optimized time-of-use solution to unlock value under California’s net energy metering 3.0 electric rate environment.
Also on the rise: Not all ‘lithium-ion’ batteries are dangerous. Solar industry should focus on virtual power plants, says DOE’s Jigar Shah. And more.
With the days of solar net metering “numbered” and more utilities looking to deploy virtual power plants that compensate owners of distributed storage, industry veteran Jigar Shah sees virtual power plants as a route to industry success.
A pilot project tests how consumer-owned small energy devices like batteries, generators, electric vehicle chargers and more can be virtually aggregated and participate in the wholesale electricity market.
The Renewable Battery Connect initiative will call on home battery owners to discharge power to the grid when electricity demand is especially high, and provide them with financial incentives in return.
The funding round was led by Standard Investments with several other investors participating.
Small-scale PV systems drove the installation of more than 200 GW of solar capacity last year and could support more than 300 GW this year. That means a reset for utilities.
Michigan customers would be offered $500 per kW for a new solar system and $300 per kWh for a new battery storage system, which would be doubled for low- and moderate-income customers.
The company offers a battery, hybrid inverter, shutdown devices, and more.
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