EV charging community Electrify America has introduced the beginning of a 15-year digital energy buy settlement (VPPA) with renewable vitality developer Terra-Gen to construct a sustainable photo voltaic farm in Southern California. The challenge, named “Electrify America Photo voltaic Glow 1,” is estimated to provide sufficient solar energy yearly to greater than offset any vitality delivered on the present EV charging community.
Electrify America at the moment operates one of many largest DC quick charging networks in america, consisting of roughly 800 charging stations that include about 3,500 particular person EV chargers with speeds between 150 to 350 kW.
Moreover, the corporate has already shared plans to increase its charging community in america and Canada by 2026, rising it to about 10,000 chargers throughout 1,800 totally different stations. Because the EV vitality community expands, Electrify America continues to decide to a net-zero carbon footprint.
The community claims to at the moment buy renewable vitality credit that greater than offset its vitality utilization. Nevertheless, with its newest announcement, Electrify America has shared plans to desert the third-party unbundled offset method, which it believes does much less to assist new renewable vitality era.
As an alternative, Electrify America is placing renewable offsets into its personal fingers by beginning a brand new photo voltaic farm in SoCal.
Electrify America launches Photo voltaic Glow 1 to start in mid-2023
The US EV charging community introduced its new photo voltaic plans in a press launch at this time, outlining among the phrases and targets whereas working with utility-scale renewable vitality challenge developer, Terra-Gen.
Introducing Electrify America Photo voltaic Glow 1 – a photo voltaic photovoltaic renewable vitality era challenge deliberate for San Bernardino County, California. When full, the challenge is anticipated to generate 75 Megawatts (MW) at peak photo voltaic capability.
If Electrify America does actually hit these photo voltaic vitality targets, it’s going to generate greater than sufficient 100% renewable vitality to offset the present vitality being delivered to its EV charging prospects. The challenge is made attainable by means of a 15-year VPPA with Terra-Gen, which can work as a a value hedge of kinds.
To start, EA indicators a contract to pay the photo voltaic vitality challenge at an agreed-upon value. Photo voltaic Glow 1 then sells the generated renewable energy as a service provider within the native wholesale market. If the electrical energy is bought above the agreed contract value, EA will get the income. If the electrical energy falls beneath the agreed value, Electrify America covers the distinction. EA president and CEO Giovanni Palazzo spoke:
Electrify America’s enterprise mannequin – and goal – have at all times been on the forefront of efforts to scale back emissions by means of enabling electrical mobility. Our dedication to prospects and to a sustainable future go hand-in-hand, which is why we’re investing in renewable vitality era to decide to a internet zero carbon footprint related to the vitality delivered to our prospects.
Electrify America Photo voltaic Glow 1 is anticipated to interrupt floor in late 2022 and be accomplished in summer time 2023. Within the meantime, the EV community shared that it’s already backed by 100% renewable vitality as of final month, through the acquisition of environmental certificates from current renewable era.
Lastly, Electrify America has entered into an interim VPPA with Terra-Gen that may go into impact in October to assist the latter’s current SEGS IX photo voltaic thermal plant.
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