Sunnova Energy International Inc. ("Sunnova") (NYSE: NOVA), one of the leading U.S. Energy as a Service (EaaS) providers, today (Sept 28) announced plans to deploy energy from its aggregated Adaptive Homes to alleviate peak capacity needs and strengthen the grid in a predominantly low to moderate income (LMI) community within Pacific Gas and Electric Company's ("PG&E") (NYSE: PGE) Northern California service area.
"Our virtual power plant capabilities can be leveraged through a targeted approach to relieve grid stress in focused areas during specific event windows within PG&E's service area," said McCrea Dunton, Senior Director, Energy and Grid Services at Sunnova. "Sunnova is proud to work with PG&E on one of its first deployments of behind the meter (BTM) battery storage systems as a non-wires alternative that provides our customers with increased energy resiliency."
Sunnova's aggregated portfolio of customers with solar + storage systems defers the need for PG&E to upgrade the distribution infrastructure at certain substations cost-effectively extending the useful life of that existing grid infrastructure, while accommodating for customer energy demand. PG&E's annual Distribution Resource Plan (DRP) identifies areas that could benefit from distributed energy resource deployments that would avoid or defer traditional electric distribution system upgrades and forecasts the load growth within the service territory. The DRP indicated that targeted areas of the distribution system will require increased capacity for only a handful of hours per year, and Sunnova's distributed assets are perfectly positioned to efficiently meet that need while supporting clean energy and homeowner resiliency needs.
Since the California Public Utilities Commission (CPUC) established the Distribution Investment Deferral Framework (DIDF) in 2018, the CPUC has approved over 34 megawatts (MWs) of battery storage contracts for the IOUs with 16 MWs awarded in PG&E's service area1. In the past five years, the California residential market has deployed over 530 MWs worth of battery storage systems and half of those deployed systems are in PG&E's service area2. The annual DIDF process identifies, reviews and selects opportunities where existing or new BTM systems can be leveraged to alleviate future grid stress.
About Sunnova
Sunnova Energy International Inc. (NYSE: NOVA) is a leading Energy as a Service (EaaS) provider with customers across the U.S. and its territories. Sunnova's goal is to be the source of clean, affordable, and reliable energy with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterrupted®. For more information, please visit sunnova.com
