DALLAS and SAN FRANCISCO, Nov. 2,
2016 /PRNewswire/ -- Invesco Real Estate, the $71 billion real estate arm of leading investment
management firm Invesco, today announced a partnership with
Advanced Microgrid Solutions (AMS) to introduce Hybrid Electric
Building® technology to the firm's California real estate portfolio. Under
the initial agreement, AMS will design, install and operate
advanced energy storage systems at Invesco's commercial buildings
in Southern California, while
analyzing the firm's entire US portfolio for further
deployments. The project will reduce energy demand costs at
the buildings by 30% and provide critical support to the state's
electric grid.
"In my opinion, Invesco is one of the largest and most
forward-thinking real estate investors in the world," said
Susan Kennedy, Chief Executive
Officer of AMS. "This initiative is a great example of a
corporate leader stepping up to help build a stronger, more
resilient grid when – and where – it is needed most."
Hybrid Electric Buildings use best-in-class energy storage
technology and advanced analytics software to improve energy
efficiency, lower energy bills and reduce greenhouse gas emissions.
During times of high energy demand and correspondingly high
costs, AMS's proprietary software platform seamlessly shifts
buildings from the electric grid to onsite energy storage systems.
This reduces load on the grid and minimizes the need for
carbon-emitting peaker power plants that are often the
highest-polluting generation resources for a utility. Hybrid
Electric Buildings benefit from lower operating expenses while
enabling a cleaner and more resilient electrical grid – a win for
building owners and utility customers alike.
Invesco's first Hybrid Electric Buildings will be located in
Aliso Viejo and will be powered by
state-of-the-art energy storage systems from Tesla. The
systems, ranging in size from 250kW/1,500kWh to 500kW/2,000kWh,
will be installed in late 2017 and will provide capacity to
Southern California Edison in the highly constrained Aliso Canyon
region.
About Advanced Microgrid Solutions
Advanced Microgrid
Solutions (AMS) is pioneering the use of energy storage systems for
electric utility grid support. Using a technology-agnostic
approach, the company designs, finances, installs and manages
advanced energy storage solutions for commercial, industrial and
government building owners. AMS's unique fleet management software
provides optimized resource management, cost reduction and revenue
generation for large-scale energy users. To learn more, visit
www.advmicrogrid.com.
About Invesco Real Estate
Invesco Real Estate is
a global leader in the real estate investment management business
with $71 billion in real estate
assets under management, 441 employees and 21 regional offices
across the U.S., Europe and
Asia. The firm was established in
1983 and has been actively investing in core, value-add and
opportunistic real estate strategies since 1992. Invesco Real
Estate is a business name of Invesco Advisers, Inc. which is
an indirect, wholly owned subsidiary of Invesco Ltd.,
(NYSE: IVZ), one of the largest investment management firms in the
world with $820 billion in
assets under management and on-the-ground presence in 25 cities
worldwide. Information as of September 30, 2016.
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SOURCE Advanced Microgrid Solutions