Sharp Electronics Corporation’s Energy Systems and Services Group's (Sharp) SmartStorage® system was selected as the primary energy storage system by Sunworks, a leading California and Nevada-based solar installer. The SmartStorage® system is an intelligent, lithium-ion based solution that uses predictive learning to reduce peak electricity consumption during demand spikes. Sunworks will implement SmartStorage® products into upcoming commercial building projects, thereby allowing customers to benefit from peak energy and peak demand savings simultaneously.
Sunworks and Sharp expect an increase in the adoption of hybrid solar plus storage energy solutions, especially for projects that reside in areas facing peak demand rates in excess of $18/kW. With its California presence and direct access to Sharp’s zero-down financing program, Sunworks now plans to evaluate all of its commercial projects. For any site that demonstrates a strong economic benefit from a solar plus storage solution, Sunworks will install the SmartStorage® system.
The SmartStorage® system features Sharp’s sophisticated, predictive analytics application that manages the release of energy from batteries at the precise time it’s needed to avoid demand charges. As an option for all SmartStorage® system installations, Sharp offers a 10-Year Asset Management Service Agreement coupled with a 10-Year Performance Guarantee that includes routine and unscheduled maintenance. If guaranteed peak demand reductions are not met, Sharp will compensate for the deficit in promised peak demand reductions.