Pacific Gas and Electric Selects EDF Renewable Energy as Sole Awardee for Behind-the-Meter Energy Storage Contract
December 05 2017 - 12:00PM
Business Wire
EDF Renewable Energy (EDF RE) today announced they were awarded
a contract to provide Pacific Gas and Electric Company (PG&E)
(NYSE: PGE) with 40 megawatt hours (MWh) of battery storage
capacity. Under the contract, EDF RE will build, own and operate a
portfolio of behind-the-meter (BTM) battery storage projects for
commercial and industrial customers within the PG&E service
territory.
The contract will allow EDF RE to assist selected PG&E
customers to lower their utility bills by reducing demand charges,
maximizing consumption during off-peak hours, and collecting
revenue from wholesale market participation. Each project will
optimize the host customer’s energy usage and operating costs by
utilizing EDF’s proprietary PEGASE Energy Management System (EMS)
to strategically operate the batteries.
Martin Wyspianski, PG&E Senior Director for Energy Portfolio
Procurement and Policy, is pleased with the progress PG&E has
made toward meeting California’s renewable energy and storage
goals. He remarked, “As our clean energy portfolio grows, so does
the importance of storage technology. These contracts and the
storage capacity they represent will help us better integrate our
growing renewable generation sources, and bring increased
reliability to the grid. They are an important milestone in our
progress toward a clean energy future.”
Raphael Declercq, Vice President of Portfolio Strategy at EDF
RE, commented, “We are thrilled to be the sole awardee in the
behind-the-meter category. This contract will enable EDF RE to
demonstrate its capabilities in the California storage market. The
depth of resources and experience within the EDF Group positions us
well to meet our customer’s expectations. Worldwide, EDF has
installed 824 MWh of battery storage; this experience will benefit
both PG&E and the host customers we have started to sign
up.”
As utilities across North America consider how to meet future
electricity demands by providing highly reliable energy at the
lowest cost to the ratepayer, distributed generation and storage
solutions are becoming an economical and attractive approach.
Battery storage, in particular, is playing a progressively
important role for California as investor-owned utilities work to
achieve the state’s ambitious goal to procure 1,325 MW of storage
by 2020.
To learn more about EDF RE’s Distributed Electricity and Storage
business, visit: www.edf-re.com/des
About EDF Renewable Energy:
EDF Renewable Energy is a leading US independent power
producer with over 30 years of expertise in the renewable industry,
covering all range of services from project origination,
development, sales and marketing, to long-term asset management.
EDF Renewable Energy specializes in wind and solar
photovoltaic with presence in other segments of the renewable
energy market: distributed electricity, storage, biogas, and
biomass. EDF Renewable Energy’s North American portfolio consists
of 9 gigawatts of developed projects with 4.4 gigawatts of
installed capacity throughout the US, Canada, and Mexico. The
operations and maintenance subsidiary, EDF Renewable Services,
operates 13 gigawatts globally. EDF Renewable Energy is a
subsidiary of EDF Energies Nouvelles. EDF Energies Nouvelles
is the renewable energy arm of the EDF group, the leading
electricity company in the world. For more information visit:
www.edf-re.com
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version on businesswire.com: http://www.businesswire.com/news/home/20171205006137/en/
EDF RE Media ContactSandi Briner, +1 (858)
521-3525Sandi.Briner@edf-re.comorEDF Energies Nouvelles Media
ContactManon de Cassini-Hérail, +33 1 40 90 48
22Manon.Decassini-Herail@edf-en.comorClarisse Placidoux, +33 1 40
90 49 46Clarisse.Placidoux@edf-en.com
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