Sharp Partners with Energy Toolbase for Calculating Peak Demand Savings for SmartStorage

By CIOReview | Thursday, September 10, 2015

CAMAS, WA: Sharp Electronics Corporation’s Energy Systems and Services Group (Sharp) has announced its integration with Energy Toolbase to avail its software platform to accurately calculate peak demand savings for SmartStorage energy storage system installations.

For the first time, Sharp will be integrating its proprietary SmartStorage operating algorithm with Energy Toolbase’s optimization tools to quickly generate SmartStorage specific proposals. Customers can now calculate dollar savings of SmartStorage projects that are combined with an alternative energy source such as solar power.

Statistics show that peak demand charges for commercial and industrial consumers can contribute up to 50 percent of the total utility bill for a month. Additionally, these charges are variable, making it difficult to predict. Sharp's project development and installation allies can now quickly and accurately gain insight into electricity demand savings that a proposed customer installation can realize. Energy Toolbase can be used to instantaneously quote projects and quantify returns on investment (ROI) of Sharp's SmartStorage system.    

Sharp will provide customer specific proposals as Energy Toolbase analyzes a customer’s raw interval data and utility rate schedule to produce an accurate model of kW demand reduction from a SmartStorage installation. Energy Toolbase's extensive database track rates and incentives in more than 30 states and 130 utility territories to enable highly accurate and data-rich proposals for SmartStorage  installations.With this partnership it is modernizing a lengthy and complex process, which was being done manually.

Sharp's SmartStorage energy storage system is a unique behind-the-meter demand management system designed to reduce commercial and industrial buildings' peak electricity use. Sharp offers a 10-Year Asset Management Service Agreement coupled with a 10-Year Performance Guarantee. All routine and unscheduled maintenance is included for customers that take advantage of Sharp's 10-Year Asset Management Service Agreement. Downtime is covered by the performance guarantee. If guaranteed demand reductions are not met, Sharp will compensate for the deficit in promised peak demand reductions.