Yesterday, we heard from Electrify America about a cool new project that just went online: a solar power plant that puts enough renewable energy into the grid to more than make up for its EV charging sessions. Details On The Deal Electrify America has commenced commercial operation of the new 75 MW Electrify America Solar […]
Yesterday, we heard from Electrify America about a cool new project that just went online: a solar power plant that puts enough renewable energy into the grid to more than make up for its EV charging sessions.Electrify America has commenced commercial operation of the new 75 MW Electrify America Solar Glow™ 1 solar photovoltaic renewable energy generation project in San Bernardino County, California.
This investment is projected to generate 75 MW of solar power at peak capacity, equivalent to the energy consumed by 500 EVs charging simultaneously at an average speed of 150 kilowatts. The total annual production is estimated to be 225 gigawatt-hours . In 2022, Electrify America says it facilitated over 5 million customer charging sessions, which is 3.5 times the number of sessions in 2021.
I asked Electrify America’s rep about future demand and future Solar Glow facilities, and the company said it doesn’t have any announcements to make. But, it seems obvious that putting the number 1 after the name indicates that a 2, 3, and 4 are probably at least hoped for. In a PPA, the generator agrees to provide a certain amount of electricity, often from renewable sources such as wind or solar, at an agreed-upon price. The buyer commits to purchasing this electricity at the specified price for the duration of the agreement. This allows the generator to secure a stable revenue stream and helps the buyer meet its energy needs with a fixed, predictable cost.
In a Virtual Power Purchase Agreement, more of the arrangement is handled by the owner of the system. In the case of Electrify America’s Solar Glow 1, Terra-Gen not only produces, but also, the energy on Electrify America’s behalf. When the electricity price is above what Electrify America agreed on, they get whatever money is left. When electricity sells for less than Electrify America pays, they have to cover the difference.
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