This new project demonstrates a portion of SolarCity's Grid Services product suite, which leverages aggregated distributed energy resources (DERs) – including solar PV with smart inverters, battery storage, and controllable loads – to provide benefits for grid operators including voltage and reactive power support, dynamic capacity, and peak shaving. As part of the project, SolarCity is deploying a portfolio of aggregated DERs to provide PG&E with increased grid flexibility and control as they work to demonstrate a more modern, customer-centric grid.
To support the project, up to 150 residential customers in San Jose will receive smart inverters and/or residential battery storage systems. The project will demonstrate how smart inverters and behind the meter battery storage can be coordinated by the utility to optimize electric distribution planning and operations. The demonstration is expected to commence this September and end in December 2017.
To learn more about SolarCity's Grid Services offerings, visit www.solarcity.com/utilities.
SolarCity (NASDAQ: SCTY) provides clean energy. The company has disrupted the century-old energy industry by providing renewable electricity directly to homeowners, businesses and government organizations for less than they spend on utility bills. SolarCity gives customers control of their energy costs to protect them from rising rates. The company makes solar energy easy by taking care of everything from design and permitting to monitoring and maintenance. Visit the company online at www.solarcity.com and follow the company on Facebook & Twitter.
This release contains forward-looking statements including, but not limited to, statements regarding the impacts on the grid and utility use, customers included and deployment timeline. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward looking statements. You should read the section entitled "Risk Factors" in SolarCity's quarterly report on Form 10-Q, which has been filed with the Securities and Exchange Commission and identifies certain of these and additional risks and uncertainties. We do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
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