More than a dozen businesses in California and New Mexico are poised to save a combined $3.6 million on their energy bills over the next 10 years with SmartStorage systems installed in the first six months of the year from global energy storage provider NantEnergy.
Paired with solar panels, NantEnergy’s storage systems and advanced lithium and zinc-air battery technology give commercial and industrial (C&I) customers a reliable, independent source of clean energy — whether at peak demand times when utility prices are highest or as backup power during grid outages.
“NantEnergy is committed to providing energy management solutions that help businesses meet their corporate sustainability goals and in turn make a significant contribution toward local and state clean energy goals,” said NantEnergy Chairman Dr. Patrick Soon-Shiong. “Every hour that C&I customers enjoy substantial energy cost savings in this era of skyrocketing rates, they also will reduce the greenhouse gas emissions that threaten the environment and the global economy.”
Three recently completed NantEnergy SmartStorage plus solar projects:
- Vitality Works, a large developer of herbal supplements based in Albuquerque, New Mexico, estimates it will lower its utility bill by 27% and save over $50,000 during its first year using a 120-kW/162-kWh SmartStorage system and a 264-kW solar PV system. The new solar-plus-storage system is part of the company’s overall commitment to operate in an environmentally sustainable way.
- Hokto Kinoko, one of the largest specialty mushroom growers in the world, worked with Revel Energy to install a 1.04-MW rooftop solar PV system coupled with a 300-kW/405-kWh NantEnergy SmartStorage system at its San Marcos, California processing facility. The Tokyo-based company estimates it will save over $200,000 annually on energy bills.
- The City of Del Mar, California, installed a 30-kW/121.5-kWh system with the primary purpose of offering resiliency support in the event of grid outages. Installed at the newly-constructed City Hall and coupled with a PV system from Baker Electric, the energy storage system will not only provide backup power but also substantial reductions in electric utility demand charges.
“Our SmartStorage systems address both rising energy costs and increasingly frequent grid disruptions,” said Carl Mansfield, NantEnergy VP of System Solutions. “With our systems, companies can manage demand charges, shift solar energy to more valuable times of day, and gain reliable backup power fueled by renewable sources.”
News item from NantEnergy