Sunvault Energy and Edison Power Co. have agreed to develop a solar power plus large-scale energy storage project in Delaware.
According to Sunvault, the total size of the project is 484 kW with both solar PV and 600 kW/300 kWh battery storage for three fire stations. The company said that the project will be the first of its kind in Delaware.
The project will produce an EBITDA of approximately $250,000 per year for the expected 20-year project life cycle, Sunvault said.
Sunvault added that it will use its existing inventory of solar panels to begin project design and construction immediately. If the project is a success, Sunvault may build an additional 3 MW of projects for schools in the area.
The company said it will use the Sunvault-Edison graphene electrical energy storage device as the battery component within the projects.
Lead image: Fire truck in bay. Credit: Shutterstock.