AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

CORRECTING and REPLACING Scale Microgrid Solutions Launches Modular Microgrid Platform

May 14, 2019

SAN FRANCISCO--(BUSINESS WIRE)--May 14, 2019--

Please replace the release dated May 13, 2019, with the following corrected version due to multiple revisions in the third and eighth paragraphs.

The corrected release reads:

SCALE MICROGRID SOLUTIONS LAUNCHES MODULAR MICROGRID PLATFORM

Scale’s Rapid Response Modular Microgrid (R2M2) proven to help businesses and communities maintain electricity during sustained outages

Scale Microgrid Solutions today launched its Rapid Response Modular Microgrid (R2M2) platform aimed at helping communities and businesses in California mitigate the impact of power grid disruptions such as the Public Safety Power Shutoffs planned by utilities during the upcoming wildfire season. The R2M2 platform is a modular and scalable microgrid designed to deliver resilience and sustainable, affordable power to municipalities, public safety, commercial and industrial facilities that are at high risk of power loss.

“California’s electric grid is responsible for igniting several of the catastrophic wildfires that have devastated the state over the last several years,” said Ryan Goodman, Scale Microgrid Solutions’ CEO. “There are a variety of measures grid operators are considering to reduce risk and avoid reoccurrence, including the need for utilities to de-energize the grid on a fairly regular basis for the foreseeable future. De-energization, while necessary, unfortunately causes significant life safety and economic consequences. Our R2M2 system is designed to mitigate these risks.”

The national cost of sustained power outages is estimated to be $59 billion annually, according to the Institute of Electrical and Electronics Engineers, with 70 percent of the costs borne by commercial customers and 28 percent by industrial customers. The R2M2 platform, developed leveraging Schneider Electric technology, addresses the specific business continuity needs of these ratepayers by providing critical backup power to eliminate lost revenue caused by grid outages.

The system utilizes a combination of distributed generation technologies housed behind the customer’s utility meter to satisfy a portion of the customer’s electricity demand during normal operating conditions. In the event of a grid disruption or shutoff, the system converts to “island-mode” enabling facilities to continue operations. Reliable backup power is especially important to California’s communities and businesses that could see Public Safety Power Shutoffs last up to five days at a time during wildfire season.

“We are excited to have the opportunity to fund this innovative offering from Scale Microgrid Solutions—it is the right product at the right time that is solving a vital business need, especially for the California market,” said Jigar Shah, President, Generate Capital.

Goodman said the R2M2 platform has been fully engineered and piloted, allowing it to be deployed in just nine months instead of the two to three years for the average microgrid deployment cycle. Additionally, he said, “the Scale team has worked with Generate Capital to develop attractive Energy-as-a-Service financing options that will alleviate the capital burden for end-use customers.”

The R2M2 is available now for customers nationwide. “Not only can the R2M2 platform help California’s businesses mitigate the impact of power shutoffs during wildfire season, but the platform also can help any business that is at risk from power outages due to hurricanes, earthquakes, ice storms, and other extreme events,” Goodman said.

The launch of the R2M2 builds on Scale Microgrid Solutions’ innovative microgrid offering to commercial and industrial companies, such as Bowery Farming. For more information about the R2M2, please visit www.scalemicrogridsolutions.com.

About Scale Microgrid Solutions

Scale Microgrid Solutions designs, builds, operates, and finances cutting-edge on-site power systems for commercial and industrial facilities throughout North America. Our proprietary microgrid modules enable our customers to reap the benefits of the world’s most innovative distributed energy technologies while eliminating the anxieties associated with the traditional microgrid development process. We’re building the backbone of the 21 st  century electric grid, at scale. Learn more by visiting us at:  www.scalemicrogridsolutions.com

About Generate Capital

Generate Capital, based in San Francisco, California, is a leading financier, owner and operator of distributed energy and resource infrastructure. With a permanent capital base, flexibility to meet a range of needs, and deep domain expertise in technology, energy, and resource sectors, Generate Capital partners with the innovative companies and project developers who are leading the Resource Revolution—building infrastructure that does more with less of our critical natural resources such as energy, water, food, and materials. For more information on Generate Capital, please visit:  www.generatecapital.com

View source version on businesswire.com:https://www.businesswire.com/news/home/20190513005912/en/

CONTACT: Scale Microgrid Solutions

Samantha Reifer

samantha.reifer@scalemicrogridsolutions.com

650-793-0921Generate Capital

Wendy Prabhu

Mercom Capital Group

generate@mercomcapital.com

512-215-4452

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: ENERGY UTILITIES OTHER ENERGY

SOURCE: Scale Microgrid Solutions

Copyright Business Wire 2019.

PUB: 05/14/2019 07:39 PM/DISC: 05/14/2019 07:39 PM

http://www.businesswire.com/news/home/20190513005912/en