Forecast Energy, CivicSolar, Sharp to deliver solar plus energy storage
Sharp and CivicSolar's first project will be with technology developer and systems integrator Forecast Energy
Sharp Electronics Corp.'s Energy Systems and Services Group and CivicSolar, are offering Sharp's SmartStorage energy storage system through its distribution network of solar PV installers.
Sharp and CivicSolar's first project will be with technology developer and systems integrator Forecast Energy.
The project features a 120 kW/160 kWh SmartStorage system plus a 313.5 kW solar power system and Forecast Energy's proprietary forecasting platform that has been installed at Channel Lumber, one of the largest lumber companies in the San Francisco Bay Area.
Sharp's energy storage solution paired with solar PV systems can reduce energy usage for commercial properties. Sharp's SmartStorage system is designed to pull power from the SmartStorage batteries rather than from the utility at the times of highest demand, which are the most expensive rates, and is particularly suited for properties in parts of California where commercial utility customers are paying up to 50 percent of their energy bills toward demand charges. Channel Lumber paid $172,385 in demand charges alone over a one year period.
A detailed analysis of Channel Lumber's energy usage profile estimates that the solar plus SmartStorage system will bring $160,466 in energy and demand savings annually — an estimated 62 percent reduction in Channel Lumber's total bill. Forecast Energy selected Sharp's SmartStorage system and was the integrator and installer for the entire project.