PHILADELPHIA, PA and LAS VEGAS, NV, OCT. 22, 2014 – Solar Grid Storage LLC has been awarded U.S. Department of Energy SunShot Initiative Incubator funding of $968,120 aimed at streamlining solar + storage interactivity with the grid and accelerating deployment of innovative solar + storage systems. Energy Secretary Dr. Ernest Moniz announced the latest round of SunShot Incubator awards this morning during his keynote address at Solar Power International 2014 in Las Vegas.
With this grant, Solar Grid Storage will develop a Solar Storage Operations Center (SSOC) to address the unique needs of managing grid-connected photovoltaic (PV) + storage assets. The SSOC will make it possible to bring together multiple storage sites and enhance grid stability with every new PV + storage resource installed, all the while reducing deployment costs. A scalable solution, the SSOC will help mitigate concerns about high-penetration PV deployment by enabling cost-effective control of residential, commercial, and utility-scale PV + storage systems.
“We are honored that Solar Grid Storage has been selected by the Energy Department’s SunShot Incubator program for this award,” said Solar Grid Storage CFO Dan Dobbs. “We’re focused on taking the solar industry to the next level, which requires cost-effective addition of energy storage. With the award, we will be able to aggregate various-sized storage systems into larger virtual-energy assets, making the assets much more valuable for grid operators who call on them to balance power on the grid.”
The company’s offering and business model incorporates batteries into commercial PV installations while lowering costs and introducing new benefits. With the SSOC, Solar Grid Storage will group residential PV + storage systems with its commercial and utility-scale systems so they too can participate in ancillary service markets, earning new revenues to make the overall system even more cost-effective. Furthermore, with added batteries the PV systems will work during power outages, something existing PV systems cannot do.
"We appreciate the administration's focus on strengthening and ensuring our nation’s electricity supply, especially as we witness an increase in extreme weather events," added Dobbs. “Providing reliable backup electricity during power interruptions is crucial to emergency operations at hospitals, schools, first-responder facilities, and shelters. PV + storage systems will provide emergency power when needed, and ongoing resiliency to help operators maintain balance on the grid.”
About Solar Grid Storage
Solar Grid Storage (www.solargridstorage.com), the leading pioneer in solar storage deployment, has developed a groundbreaking model for adding batteries to commercial PV installations while lowering costs and introducing new benefits. Its PowerFactor™ systems not only provide all standard PV functions—they also enable emergency power to the customer and resiliency services to the grid. Solar Grid Storage: helping usher in the grid of the future.
About the SunShot Initiative
The U.S. Department of Energy (DOE) SunShot Initiative <http://www.energy.gov/sunshot> is a collaborative national effort that aggressively drives innovation to make solar energy fully cost-competitive with traditional energy sources before the end of the decade. SunShot supports efforts by private companies, universities, and national laboratories to drive down the cost of solar electricity to $0.06 per kilowatt-hour. Learn more at http://www.energy.gov/sunshot.