C&I, Solar, Storage

Solar Power All Goes to Local Grid

[RenewableEnergyAccess.com] EPOD International, developer of advanced energy management technologies, has sold its second solar power system to be installed at an agricultural facility in Mosel, Germany. The deal, valued at $560,000, includes the EPOD Solar Inverter, the EPOD EMT Power Storage System, and photovoltaic panels. The client will sell 100 percent of the power generated by the system to the local utility grid under a 20-year purchase agreement. The power purchase agreement is part of a federal government energy program whereby residential, commercial, and industrial power users are encouraged to use renewable energy to reduce, and ultimately eliminate, Germany’s dependence on fossil fuel-based and non-renewable power. Installation of the system is to begin in October. The Kelowna, BC-based company’s financial reports can be accessed through the EDGAR database.