Priority Power Management Advises Toyota on Unique Renewable Energy Contract
June 08 2016 - 9:00AM
Business Wire
Negotiations deliver 100% Renewable Energy
with accommodations for 7.75 MW of Solar PV.
Priority Power Management, LLC (“PPM”), a Texas-based leading
independent energy management and consulting services firm,
announced that it has successfully negotiated and secured a unique
retail electricity supply contract for Toyota Motor North America’s
new North American headquarters in Plano, Texas that begins
today.
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Toyota Motor North America's new North
American headquarters, Plano, Texas. (Photo: Business Wire)
Earlier this year, Toyota conducted a thorough search for an
energy consultant to develop and implement a comprehensive energy
supply purchasing strategy consisting of a combination of on-site
renewable electric supply, off-site renewable electric supply,
alternative fuel supply, and standard electric supply. Toyota
selected and engaged PPM in March to fill this role.
Working closely with the Toyota team and its engineers, PPM
analyzed various potential retail electric product structures based
on forecasted hourly energy consumption for the 2.1-million
square-foot campus comprised of office and office support, data
center and light industrial use facilities. The analysis also
considered the integration of different levels of solar
photovoltaic (“PV”) generated power system capacity interconnected
to Toyota’s campus primary distribution feeders behind the utility
meter.
PPM developed specifications and managed a competitive
procurement process seeking a qualified retail electricity provider
that would deliver the best overall value to Toyota. The process
resulted in a 5-year electricity supply contract awarded to
Houston-based MP2 Energy that was unique in many ways.
The agreement included a product structure that would allow
Toyota the operational flexibility to ramp up energy consumption
over time, accommodations for the introduction of onsite power
generation from a 7.75 MW solar PV system, the ability to receive
payments from MP2 Energy for any excess power that may flow back to
the grid, and the inclusion of Green-e certified renewable energy
credits for all power consumed from the grid.
“This was an extremely complex engagement given the size and
multi-use functional areas of the campus, not to mention the
integration of the solar PV system,” said John Bick, Managing
Principal. “Throughout the competitive procurement process, we
challenged the conventional thinking of potential suppliers in many
ways to achieve Toyota’s goals. In the end, we were successful in
this endeavor and are honored to have represented such an
innovative company like Toyota.”
PPM’s energy consulting and advisory services engagement with
Toyota will continue throughout the 5-year term of the electricity
supply agreement.
About Toyota
Toyota (NYSE:TM), creator of the Prius hybrid and the Mirai fuel
cell vehicle, is committed to building vehicles for the way people
live through our Toyota, Lexus and Scion brands. Over the past 50
years, we’ve built more than 30 million cars and trucks in North
America, where we operate 14 manufacturing plants (10 in the U.S.)
and directly employ more than 44,000 people (more than 34,000 in
the U.S.). Our 1,800 North American dealerships (1,500 in the U.S.)
sold more than 2.8 million cars and trucks (nearly 2.5 million in
the U.S.) in 2015 – and about 80 percent of all Toyota vehicles
sold over the past 20 years are still on the road today.
About Priority Power Management
Priority Power Management, LLC is a leading Texas-based
independent energy management and consulting services firm to large
commercial, industrial and government customers. Priority Power
Management provides unbiased and objective energy management
services in the areas of energy information, supply and risk
management, demand-side management and energy infrastructure
solutions. Since its establishment in 2001, Priority Power
Management has grown to procure and manage approximately $1 billion
of annual energy spend on behalf of clients from its offices in
Midland/Odessa, Dallas/Fort Worth, Houston and Abilene. For more
information about Priority Power Management, LLC visit
www.prioritypower.net.
About MP2 Energy
MP2 Energy is a full service power company, serving
approximately 1,100 MW to commercial and industrial customers in
Texas, Illinois, Pennsylvania and Ohio. The top-tier company
integrates capabilities across its core services from plant
development, plant management, demand response, and retail electric
supply to the end-use customer. The company handles all other
aspects of power markets, such as asset management, commodity
hedging, solar installation and offtake, wind and distributed
generation, and solar retail products for residential customers in
Texas.
MP2 was recently recognized on DNV GL’s Channel Partner Market
survey for customer satisfaction and ease of doing business, and
ranked No. 1 in overall satisfaction on ERCG’s National ABC Broker
Survey. In 2014, the company was honored with The Energy
Professionals Association’s inaugural Supplier of the Year award.
For more information, visit www.MP2energy.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160608005426/en/
Priority Power Management, LLCJohn J. Bick, Managing Principal,
972-314-9040jbick@prioritypower.netorToyota Motor North
AmericaAaron Fowles, 469-292-1097aaron.fowles@toyota.comorMP2
EnergyMatthew Adams, President,
832-510-1033Matthew.Adams@mp2energy.com
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