e2Companies To Install Patented R3Di® System at Pennsylvania Pipe Manufacturer Oil Creek Plastics
July 01 2024 - 7:00AM
e2Companies To Install Patented R3Di® System at Pennsylvania
Pipe Manufacturer Oil Creek Plastics
e2Companies, a leading provider of integrated
solutions for power generation and distribution, will install its
patented R3Di
® System to improve power quality and
reliability for Oil Creek Plastics, a family owned and operated
business in Titusville, Pennsylvania.
Located in the birthplace of the oil industry, the company has
been an industry leader in the small diameter pipe and tubing
market since 1972 and is known for its innovative products designed
for multiple infrastructure applications. However, in recent years,
disruptions in the power supply have become increasingly common at
the facility, impacting production and leading to tens of thousands
of dollars in downtime and material costs each month.
The facility uses sensitive electronic equipment used to
manufacture large rolls of plastic pipe. When operations
experienced a disruption in power, they had to restart production
and recalibrate equipment.
To solve these challenges, the R3Di® System
will provide two megawatts (2MW) of uninterruptible, conditioned
power for the building. In addition to connecting to the electric
grid and a natural gas generator, the R3Di® System
will store energy from the facility’s 1000kW solar photovoltaic
panels.
e2Companies combines the system with grid optimization software
and services to strategically dispatch power based on weather,
market pricing, and grid conditions to make it a full-service
Virtual Utility®, the first utility-grade network of Distributed
Energy Resources (DERs) operating as a turnkey, integrated
solution.
The project is expected to be completed and commissioned by the
end of 2025.
“The new R3Di® System will eliminate brown outs
and black outs, improving the efficiency of our machines and
employees while also allowing us to reduce costs and carbon
emissions using the system’s Battery Energy Storage System and
natural gas generators,” Oil Creek Plastics Owner CJ Kirvan
said.
The system is “designed to run flexibly, with the ability to
power critical loads for building operations while benefiting from
onsite solar generation to lower total kWh usage and increase the
potential to receive credits from the public utility for producing
excess power on hot sunny days,” according to e2Companies
Business Development Lead Matt Graham.
The facility will also benefit from tax incentives as a result
of the federal Inflation Reduction Act, which provides an
investment tax credit of 30% for qualifying projects that include
microgrids with energy storage technologies.
The project was referred by Voltus, a leading platform for
distributed energy resources and demand response programs that
helps customers earn money by curtailing energy consumption during
peak times.
About e2Companiese2Companies is accelerating
the energy transition with Virtual Utility®, the first
utility-grade network of distributed energy resources that delivers
Grid 3.0, autonomous grid stability. e2Companies’ patented
technology, the R3Di® System, provides a synthetic
utility BUS with inertia for continuous on-site power and seamless
resiliency. The R3Di® System is continuously
monitored by the Grove365 to optimize resources, track ESG targets,
and unlock new revenue opportunities for customers.
To learn more about e2Companies, visit www.e2companies.com.
Investor ContactInvestors may contact
investorrelations@e2companies.com with inquiries.
Media ContactMedia may contact
marketing@e2companies.com or call 844-397-2692.