The company recently signed a memorandum of understanding for the environmental initiative with San Francisco-based Advanced Microgrid Solutions.
The Irvine Co. will institute a portfolio-wide program to install energy storage systems that will reduce peak-energy consumption from local utilities, ease the need for additional power plants, reduce electricity costs and provide back-up power during power grid outages.
Large battery systems at each building, which take up the equivalent of about five parking spaces, will be charged during nonpeak hours and be used, when needed, for peak daytime use or in the event of a power failure. Stored energy initiatives such as this one are part of Southern California Edison‘s grid modernization plan.
The first phase of the Irvine Co. project, which will include up to 24 office buildings in Irvine, is expected to reduce peak demand in those buildings by 25 percent and provide SCE with up to 10 MW of reserve capacity, enough to supply power to 10,000 homes. The first energy storage units in Irvine are expected to be installed by the end of this year.
For the initial part of the Irvine Co. project, AMS will team with renewable energy giant SunEdison to finance, install and operate Powerpack commercial battery systems procured from technology leader, Tesla Energy, including seamlessly switching the buildings to battery power whenever SCE signals that demand on the grid is too high.
AMS and SunEdison signed a joint development agreement in July to finance and construct the projects. The AMS-SunEdison collaboration combines Advanced Microgrid’s innovative designs and technology partnerships with SunEdison’s development and financing expertise.