Extensible Energy has launched DemandEx, a reasonable “virtual battery” for decreasing demand prices and rising ROI for commercial solar initiatives. The award-winning SaaS answer is definitely built-in into new or present commercial solar techniques and can be utilized to lower the associated fee and measurement of energy storage.
DemandEx makes use of proprietary AI algorithms to investigate real-time solar manufacturing, climate information, utility charges and constructing utilization patterns. It then dynamically controls the constructing’s versatile masses for optimized demand cost and Time-of-Use (TOU) financial savings. After a one-day set up, the software robotically anticipates and prevents peak demand spikes, delivering 30% financial savings on the demand cost portion of the utility invoice.
“The commercial solar market has shown slow growth in recent years, in part because solar is great at saving energy, but not on demand charges,” stated John Powers, CEO of Extensible Energy. “One cloud can ruin your whole month. That’s why we created DemandEx — to help solar developers deliver much higher total savings on a commercial customer’s utility bill. We can control the flexible loads of the building to match the output of the solar installation, all without expensive new hardware or bespoke engineering.”
DemandEx works finest with present or new solar installations in non-residential buildings, equivalent to places of work, faculties, universities, church buildings, retail and municipal buildings. Building homeowners can obtain increased solar ROI and a decreased payback interval with out the additional expense, allowing and fireplace mitigation necessities of energy storage options. When DemandEx is put in with new PV techniques, the associated fee also can qualify for the 30% solar funding tax credit score, offering additional financial savings.
“Load flexibility is the giant issue nobody is talking about,” stated Jigar Shah, co-founder at Generate Capital. “It’s less expensive than batteries as a means of matching solar resources with a building’s loads. Extensible Energy’s load-flexibility software is a win-win for the solar contractor and the building owner. Building owners get a higher ROI and faster payback time, and the solar contractor can offer an easy-install demand charge solution with or without batteries.”
Extensible Energy initially developed DemandEx with the U.S. Department of Energy and has piloted the software with commercial solar initiatives in Colorado and California. To date, prospects have achieved their projected demand cost financial savings of 20 to 35% at a fraction of the price of battery-based demand cost options.
Solar plus DemandEx can obtain demand cost financial savings with or with out batteries. Battery storage might be added for backup power and resiliency.
“DemandEx is just the beginning,” stated John Powers. “We’re now creating a suite of solar software solutions that will help solar contractors to shift from selling solar to selling complete energy solutions that make commercial solar sales more cost-effective with or without batteries.”
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