SANTA MONICA, Calif., May 29, 2014 /PRNewswire/ -- Santa Monica's eco-chic Shore Hotel installs power saving technology by Green Charge Networks, which will save the Hotel an estimated 50% in demand charges annually. GreenStation™, an intelligent energy storage system, combines historical energy use patterns with real-time weather data to predict demand and store and discharge energy accordingly. The system's installation will further showcase the Hotel's commitment to sustainability and propel it towards the prestigious LEED Platinum certification.
"Many of our customers have seen significant reductions in demand charges, some by 50% or more," said Vic Shao, CEO of Green Charge Networks. "We're excited to work with the Shore Hotel to model how energy storage can play an integral role in improving the efficiency of green buildings. This partnership further demonstrates the Shore Hotel's commitment to sustainable building practices and power efficiency."
Over the past decade, while kWh pricing has trended downwards in California for businesses, kW pricing has grown by more than 7% annually. On average, commercial electricity users pay 50% or more of their electric bill in demand charges. These so-called "demand charges" reflect the peak electricity use during a given period and are mainly shouldered by businesses.
Along with the GreenStation™ intelligent energy storage system, Shore Hotel will be installing an Electric Vehicle charging station for the increasing number of hotel guests that drive EVs. The GreenStation™ will thus reduce demand charges from the electricity spikes associated with EV chargers.
"Shore Hotel is committed to modeling how sustainability and luxury can work together to create an incredible experience for our guests. Energy storage is a natural complement to the many measures we've taken to reduce our carbon footprint and achieving Gold LEED certifications," said Steve Farzam, CEO at Shore Hotel.
About Green Charge Networks
Founded in 2009, Green Charge Networks (GCN) is a leader in intelligent customer-sited energy storage. The company gives commercial and industrial customers control of rising demand rates on their monthly electric bills. GCN's product complements solar PV, electric vehicle charging, and energy efficiency. Green Charge Networks is headquartered in Santa Clara, CA with office in NYC. Visit www.GreenChargeNet.com.
Green Charge Networks
650.265.8300 | [email protected]
Ashley E. Rodgers
Rodgers Communications for Shore Hotel
310.280.9351 | [email protected]
SOURCE Green Charge Networks