The strategic alliance will convey neighborhood photo voltaic and vitality storage to Massachusetts communities
NEW YORK – Feb. 8, 2024 – Onyx Renewable Companions L.P., a one-stop supplier of fresh vitality and decarbonization options, and Qcells North America, a world chief in full clear vitality options, immediately introduced plans to develop two neighborhood photo voltaic and battery initiatives in Massachusetts. The initiatives developed by Onyx have a complete of 6.2 megawatts (MW) – 3.Three MW supplied by Qcells – of photo voltaic and 5.5 megawatt-hours (MWh) of vitality storage, all supplied by Qcells.
The extremely anticipated initiatives will strengthen native renewable vitality capability and provides neighborhood subscribers entry to wash vitality with no need on-site photo voltaic. The 2 initiatives are anticipated to offset 3,900 tons of carbon dioxide per 12 months the equal to powering roughly 700 properties, based on the U.S. Environmental Safety Company (EPA). Collectively, Onyx and Qcells purpose to set new requirements for sustainability and environmental stewardship throughout the ISO New England (ISO-NE) area and past.
Onyx and Qcells’ initiatives will showcase the effectiveness of mixed photo voltaic and battery storage towards constructing a resilient, constant and clear energy provide. Deployed below the neighborhood photo voltaic and feed-in-tariff applications and sourced from native distributors, the 2 initiatives promote a accountable provide chain.
“Along with Qcells, we’re forging a partnership to create cutting-edge photo voltaic and battery storage options for communities,” mentioned Angie Daoud, Chief Working Officer of Onyx. “This collaboration solidifies Onyx’s dedication to exceeding buyer expectations by delivering premier high quality services. United by our shared imaginative and prescient for a sustainable future, we’re demonstrating that true success stems from lasting partnerships constructed on shared values.”
“Qcells is thrilled to align with Onyx towards constructing a sustainable future,” mentioned Jin Han, Company Officer, Head of Distributed Vitality at Qcells. “With Qcells’ cutting-edge photo voltaic expertise, vitality storage {hardware} and Geli vitality administration system software program, and Onyx Renewables’ challenge improvement and execution experience, our partnership will ship dependable, cost-effective and sustainable vitality options that profit customers, companies and utilities alike. We’ve excessive hopes for our partnership with Onyx and our initiatives in Massachusetts are only the start.”
The Massachusetts initiatives profit from the state’s SMART incentive program, an initiative designed to help the expansion of solar energy within the Commonwealth by offering incentives based mostly on photo voltaic vitality manufacturing. Moreover, each initiatives will take part within the state’s Clear Peak Vitality Customary (CPS), an initiative aimed toward assembly excessive electrical energy calls for with clear vitality to create a extra sustainable and dependable energy grid.
Notably, each initiatives characteristic Qcells’ DC-coupled battery storage expertise and its end-to-end software program resolution, Geli Vitality Administration System (EMS), to optimize battery charging and discharging to adjust to program necessities for SMART and CPS whereas maximizing the monetary efficiency of the initiatives over the initiatives’ phrases, all whereas bringing clear, resilient advantages to the grid.
The Geli EMS makes use of the identical machine studying algorithm to mannequin the monetary returns on initiatives as utilized in real-time battery operation, offering extremely correct and dependable challenge income projections from the beginning, to tell Qcells’ companions’ funding selections. Qcells and Onyx may also deploy a risk-sharing partnership construction on the initiatives, leveraging Qcells’ distinctive Grid Companies choices. This features a income share settlement and Qcells’ Community Operations Heart (NOC) Companies providing to mitigate danger on the long-term property.
Onyx and Qcells look ahead to increasing the partnership throughout the nation, together with initiatives in ISO-NE, California ISO, NYISO, and extra, for each photo voltaic panels and vitality storage methods.
###
About Qcells
Qcells is without doubt one of the world’s main clear vitality corporations, acknowledged for its established status as a producer of high-performance, high-quality photo voltaic cells and modules, portfolio of clever storage methods, and rising worldwide pipeline of large-scale renewable vitality initiatives. Qcells additionally supplies renewable electrical energy retail providers and packages to finish clients the world over. The corporate is headquartered in Seoul, South Korea (International Government HQ) and Thalheim, Germany (Know-how & Innovation HQ) with its various worldwide manufacturing amenities within the U.S., Malaysia, China, and South Korea. Qcells strives to supply Fully Clear Vitality by means of the complete spectrum of photovoltaic merchandise, storage options, renewable electrical energy contracting and large-scale solar energy crops. By means of its rising world enterprise community spanning Europe, North America, Asia, South America, Africa and the Center East, Qcells supplies wonderful providers and long-term partnerships to its clients within the utility, business, governmental and residential markets. For extra info, go to: http://us.qcells.com/.
About Onyx Renewable Companions L.P.
Onyx helps corporations create the bridge from immediately’s clear vitality actuality to tomorrow’s potentialities. Onyx’s strategy to offering clear vitality options ensures professional steerage at each step for our business and industrial clients. From photo voltaic vitality and storage to electrical car charging and past, Onyx companions with our shoppers from the start; our workforce focuses on making a long-term relationship for the lifetime of the asset. We design, develop, finance, assemble, function and preserve our initiatives and portfolios. Onyx leverages its wide-ranging business experience to remodel vitality and regulatory complexities into easy clear vitality options to cut back carbon emissions and supply financial financial savings for our clients. For extra info, go to www.onyxrenewables.com or join with us on LinkedIn.
