STAMFORD, CT – Clean Peak Energy Group’s patented thermal-mass energy-storage technology has positioned Chelsea Piers Stamford to save nearly $54,000 in electricity costs. Clean Peak Energy Group’s system, which was used at the 400,000 square-foot facility, dramatically reduced electricity used during the region’s system peak load period. As a result, the facility’s cost of electricity has been significantly reduced for the subsequent year.
Clean Peak Energy’s technology enabled the operators of Chelsea Piers Stamford to reduce electricity demand by 772 kW, or approximately 55 percent. Clean Peak’s system enabled the facility to curtail demand during this critical period while maintaining a targeted interior temperature range, resulting in a potential savings of nearly $54,000 in electricity costs for the subsequent year.
In New England, as in many regions in the U.S., electricity costs are based in part on projected demand capacity requirements. The installed capacity, and its cost allocation to customers in New England and in New York, is calculated based on electricity customers’ demand during the one hour when electricity demand reaches its peak for the year.
By identifying this peak demand period in advance utilizing Clean Peak Energy’s thermal energy storage services and curtailing electricity use during this one-hour period, electricity customers can reduce the demand-capacity portion of their electricity supply for the next 12 months.
Clean Peak’s technology resulted in a dramatic reduction in demand at the facility when compared to previous years.
Clean Peak’s system, which uses the building’s mass as a means of thermal energy storage, requires no construction, permitting or equipment space. The technology can be deployed with no alterations to the building and with no construction cost, under a performance agreement. For more information on Clean Peak’s technology, visit: cleanpeakenergy.us/the-technology.