Distributed Microgrid Program for Residential Solar and Battery Systems
This program offers residential customers the opportunity to benefit from solar plus storage systems located at their homes, providing green energy, emergency backup power, and cost savings. With a focus on profitability, social equity, and resilience, the initiative aims to create a more sustainable and efficient energy grid while offering various benefits to both customers and the energy provider. Through an innovative deal structure, the program ensures a seamless and beneficial arrangement for all stakeholders involved. By selling power to the energy provider rather than individual customers, the program enhances efficiency and social equity, ultimately accelerating the adoption of green energy solutions in the community.
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Presentation Transcript
Participate.Energy Distributed Microgrids Solar + Battery Systems Located at the Homes of CEA Residential Customers PROFITABILITY SOCIAL EQUITY RESILIENCE GREEN ENERGY GRID SERVICES February 23, 2023
Behind the meter residential Solar Plus Storage What is the Distributed Microgrid Program Microgrid = Residential Solar Plus Storage Distributed = A new programmatic approach that allows all stakeholders to Microgrid benefit from operating a fleet of microgrids located at customer s homes Customer Benefits CEA Benefits $0 upfront cost, on-site green energy sized up to 100%+ of load Emergency backup power Cost competitive on generation kWh rates, while offsetting transmission and delivery charges Fixed long-term rates creating greater certainty and savings over time No credit underwriting and universal pricing for all customers Optional universal EV charger and minor site remediation Full Tesla customer experience and service throughout term Deploy green power with equal access to all customers Retain customer loads otherwise lost to residential solar Upfront and ongoing revenue earned by CEA Coincident benefit to CEA to avoid wholesale power market volatility Retains rights to all environmental attributes Opportunities to develop and manage grid services
Innovative Deal Structure How the Program Works 30,000 ft view Participate Energy CEA & Customer Customer Tesla CEA Designs, builds, operates solar plus storage systems Buys wholesale power from Participate Energy Sells retail power to customer on- bill tariff Enrolls in CEA tariff Buys system from Tesla By structuring the program this way, the end customer benefits, CEA benefits, and Tesla/Participate.Energy benefit
Efficiency and Social Equity Why the Program Works Participate.Energy sells the power to CEA vs. selling power to individual residential customers a fundamental shift which enables the following: An efficient transaction Lower contract risk allows lower capital costs that creates value that can be passed through to CEA and your customers Microgrids to be deployed without customer credit check or economic qualification Significant reduction in delivery charges (creating overall bill savings even with batteries) Benefits realized by the people who need it the most Acceleration of green energy adoption by enabling democratized access
Parties Involved in the Program Tesla, Inc Leading electric vehicle, charging infrastructure, solar and battery manufacturer. o Q2 2022 -- Revenues of $16B. Gross profit of $4.2B. Cash of $18B. 106MW PV & 6GWh BESS deployed. o Turnkey residential, new homes, commercial and utility scale solar and battery operations throughout CA. o P.E Participate.Energy LLC Focused on developing, capitalizing and managing the CCA Fund including on-going operations. Team comes from Corporate Credit, Inc. founded in 1994. Over 250MW of rooftop solar developed since 2008. Lent over $5 billion of corporate loans in connection with tax based transactions. Co-developed with Tesla, ~310MWh of SGIP ER battery projects.~75% through construction. o o o o o
Whats next? Expansion Areas Municipal School Districts Commercial Low Income - CARE targeted Storage retrofit for existing solar Multifamily
