Power Efficiency Receives Contract From Californian Utility
Posted on: Wednesday, 19 March 2008, 06:00 CDT
Green energy solutions provider Power Efficiency Corporation has announced that a major California utility has awarded it with a contract to aggregate up to 3.2 million kWh of electricity in the utility's service territory.
Power Efficiency said that the efficiency aggregation contract, much like other efficiency financing measures, is designed to promote the purchase and installation of efficiency equipment such as its motor efficiency controller (MEC) with E-Save technology.
Under the terms of this specific aggregation contract, the utility pays Power Efficiency, as opposed to the customer, a set rate per kWh of energy saved in the first year of operation of the MEC. The rate per kWh is said to be competitive with prevailing electricity rates in California. This incentive financing enables Power Efficiency to competitively price the MEC to customers, resulting in improved rates of return and paybacks for customers.
Potential applications for the MEC under the aggregation contract include escalators, crushers, granulators and other industrial applications with constant speed motors running at less than full load.
Source: Datamonitor
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