Asset Management, C&I, Solar, Storage

Sharp Enters New Mexico Solar Energy Storage Market

Sharp Electronics Corporation’s Energy Systems and Services Group (Sharp) recently installed its SmartStorage system at Roadrunner Food Bank in a project with its channel ally and Albuquerque-based Affordable Solar Installation, Inc. (ASI).

This installation, which signals Sharp’s entry into the New Mexico market, is the state’s first commercial solar plus storage installation. The project features two Sharp 30-kW SmartStorage systems, paired with the site’s existing 366-kW solar energy rooftop array. Sharp’s SmartStorage system reduces the property’s peak demand usage.

Peak demand charges are the fastest growing part of utility bills for commercial and industrial customers and can represent up to 50 percent of a company’s monthly utility bill. For charities like Roadrunner Food Bank, every dollar saved allows them to use the savings and redirect it to solving hunger. Currently, the food bank pays on average $180,000 a year in utility bills, with an estimated 30 percent going toward demand charges. The solar plus storage system is expected to save the food bank approximately $30,000/year in utility charges. The annual savings equates to approximately 150,000 meals in food distributed every year.

ASI opted for Sharp’s 10-Year Asset Management Service Agreement and Demand Reduction Guarantee, meaning all routine and unscheduled maintenance is included, and if guaranteed demand reductions are not met, Sharp will compensate for the deficit in promised peak demand reductions.

This article was originally published by PennEnergy and was republished with permission.