Clean Peak Energy is offering its no-capital-cost thermal energy storage solution for California buildings seeking to maximize incentive earnings
STAMFORD, CT — Operators of commercial and residential buildings in California can receive a share of $150 million in incentives allocated as part of the recently announced Flex Market Program to address the anticipated 4,400-megawatt shortfall in electricity in the state during periods of peak demand this summer and in 2023.
The program, developed in response to Calif. Gov. Gavin Newsom’s emergency proclamation in June, 2021, provides for incentives to reduce electricity demand between the hours of 4:00 pm and 9:00 pm weekdays from June 1 through September 30, 2022 and 2023.
According to the Program Administrator for Pacific Gas & Electric (PG&E), estimated payments are $450 to $500 per MWH reduced during the 4:00pm – 7:00 pm timeframe, and $800 per MWH reduction during the 7:00pm – 9:00pm timeframe during the designated periods.
Clean Peak Energy’s patented process of using a building’s physical mass as thermal energy storage has been identified as an approved process of achieving and demonstrating peak-demand curtailment under the program. Clean Peak’s approach allows building operators to slash energy demand during these target timeframes while keeping the building within a targeted internal temperature range. Clean Peak’s approach also requires no capital costs, no construction, and no permitting — enabling building operators to quickly participate in the program this summer.
To find out how to get your building prepared to receive a portion of the $150 million in available incentives this year using Clean Peak Energy’s patented zero-capital-cost methodology, schedule a quick 30-minute informational call with one of our experts.