On-site solar+storage financing scheme introduced

Sharp has introduced a financing scheme for US-based commercial and industrial on-site solar photovoltaic (PV) systems which include its energy storage solution.

The scheme’s initial phase, with funding of $25 million, is expected to support the deployment of over 12 MW of hybrid solar+storage systems over the next year, the company said.

Financing will be made available to developers and integrators as well as end users.

Sharp said its SmartStorage system is designed to work synergistically with solar as part of an integrated hybrid energy solution, with the solar component reducing energy use and the storage component reducing a facility’s peak demand use.

Carl Mansfield, general manager and founder of Sharp’s Energy Systems and Services Group, said: ‘By offering this precedent-setting financing mechanism broadly to the industry and making it available to project development allies, we are able to equip developers with readily available financing for hybrid solar-storage systems.’

And he added that ‘financing is a critical piece to the advancement of the energy storage industry’. 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...