Sharp SmartStorage® System Estimated to Save More than $90,000 a Year in Demand Charges for Retirement Community in San Diego
Solar plus energy storage system estimated to save over $250,000 a year on utility bills
SAN DIEGO - April 5, 2018 - Sharp Electronics Corporation's Energy Systems and Services Group (Sharp ESSG) announced today that its SmartStorage® behind-the-meter energy storage solution has been selected by NW Photon Energy and Paradise Village Retirement Community, a senior Independent Assisted and Memory Care Community in San Diego, California. A 240 kW/324 kWh SmartStorage® system will be installed in six buildings on the community's grounds and integrated with 516 kW of solar PV. A detailed analysis of Paradise Village's energy usage revealed that the hybrid solar plus SmartStorage® system is expected to yield an estimated $90,000 in demand savings annually. Additionally, when factoring in the solar PV system coupled with the SmartStorage® system, Paradise Village can expect to save over $250,000 a year on its utility bills (this includes both energy and demand savings).
Paradise Village is a resort-style Independent, Assisted Living and Memory Care Community located in San Diego Gas & Electric's (SDG&E) utility territory. The multi-building community consumes a significant amount of energy from HVAC, refrigeration and a variety of medical equipment that can have a significant startup load, which in turn increases demand request peaks with SDG&E. In some parts of California, up to 50 percent of commercial utility customers' bills are a result of demand charges, making them ideal candidates for solar plus SmartStorage® systems. It is estimated that Paradise Village's system will reduce demand by over 2,000 kW annually.
Paradise Village's SmartStorage® system installation is backed by Sharp's innovative 10-year Asset Management Service Agreement, which provides routine and unscheduled maintenance coupled with a 10-year demand reduction performance guarantee. If guaranteed demand reductions are not met within the terms of the agreement, Sharp will compensate for the deficit in promised peak demand reductions.
About Sharp Electronics Corporation's Energy Systems and Services Group
Sharp Electronics Corporation (SEC) is the U.S. division of Sharp Corporation, a worldwide developer and manufacturer of one-of-a-kind premium technology products. SEC's Energy Systems and Services Group (ESSG) focuses on developing innovative energy management products for the U.S. market. ESSG introduced the SmartStorage® behind-the-meter energy storage system, an energy storage solution designed to reduce peak demand usage for commercial and industrial buildings. Sharp's industry-first 10-year performance guarantee is included with their 10-year operations and maintenance service agreement, an option available for all SmartStorage® system installations. Sharp's integrated SmartStorage® solar hybrid solution is available with no money down financing options. For more information, visit: https://www.sharpsmartstorage.com/.
About NW Photon Energy
NW Photon Energy (NWPE) of Lake Oswego, Oregon, is an active provider, designer and installer of turnkey photovoltaic (PV) solar systems in the Pacific Northwest, California and New Mexico. They offer a full range of services in connection with the planning, development, implementation, operations and financing of commercial and utility scale solar applications. NWPE is an approved Energy Trust Trade Ally.