BALTIMORE and HOUSTON, July 20, 2021 /PRNewswire/ — Main, nationwide vitality options supplier CPower Power Administration (“CPower“) and Sunnova Power Worldwide Inc. (“Sunnova“) (NYSE: NOVA), one of many main U.S. residential photo voltaic and storage service suppliers, at present introduced they’ve gained the High Venture of the Yr Award from Atmosphere + Power Chief (E+E Chief). CPower and Sunnova acquired the award for CPower enrolling and managing Sunnova’s residential photo voltaic portfolio into the New England Impartial System Operator’s (ISO-NE) Ahead Capability Planning. Sunnova secured 85 MW in an ISO-NE public sale in February 2021, providing aggressive renewable vitality capability to assist meet the area’s future vitality wants. The generated photo voltaic vitality will help the capability market by supplying clear vitality to finish customers and eradicating pressure from the grid throughout peak demand.
“Extra frequent climate extremes and grid-level renewable energy are calling for extra versatile on-site sources to assist help grid reliability. All vitality customers and their DERs will play a job in grid modernization,” mentioned John Horton, president and CEO, CPower. “We take satisfaction in our means to make these sources extra aggressive whereas driving towards a cleaner and extra dependable vitality future via our work with companions like Sunnova.”
“Limitations for DER participation in U.S. energy markets proceed to be eliminated and new worth streams have gotten extra viable – this mission is an instance of how DERs might be aggressive available in the market,” mentioned Michael Grasso, EVP, Chief Advertising and marketing and Progress Officer at Sunnova. “By partnering with CPower, Sunnova will now be capable of provide renewable vitality to the New England capability markets and assist create a extra steady grid by managing and balancing demand and provide via on-site era.”
Along with being the biggest supervisor of demand-side photo voltaic property in ISO-NE, CPower is a North America business chief managing greater than 4.3 GW of DER, akin to curtailment, photo voltaic, back-up era and vitality storage for greater than 1,850 clients throughout 11,000+ websites. This is the second year in a row that CPower initiatives have been acknowledged by E+E Chief, reinforcing the worth that CPower brings in maximizing the worth of our clients’ DER by facilitating participation in demand-side administration packages.
This press launch comprises forward-looking statements throughout the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended. Ahead-looking statements typically relate to future occasions or Sunnova’s future monetary or working efficiency. In some circumstances, you’ll be able to determine forward-looking statements as a result of they comprise phrases akin to “might,” “will,” “ought to,” “anticipate,” “plan,” “anticipate,” “going to,” “might,” “intend,” “goal,” “mission,” “contemplates,” “imagine,” “estimate,” “predict,” “potential” or “proceed” or the destructive of those phrases or different related phrases or expressions that concern Sunnova’s expectations, technique, priorities, plans or intentions. Ahead-looking statements on this launch embrace, however aren’t restricted to, statements concerning DERs means to be aggressive available in the market, Sunnova’s means to assist create a extra steady grid by managing and balancing demand and provide via on-site era, and different statements concerning the longer term. Sunnova’s expectations and beliefs concerning these issues might not materialize, and precise ends in future durations are topic to dangers and uncertainties that would trigger precise outcomes to vary materially from these projected, together with dangers concerning our means to forecast our enterprise attributable to our restricted working historical past, the consequences of the coronavirus pandemic on our enterprise and operations, outcomes of operations and monetary place, our competitors, fluctuations within the photo voltaic and home-building markets, availability of capital, our means to draw and retain sellers and clients and our supplier and strategic companion relationships. The forward-looking statements contained on this launch are additionally topic to different dangers and uncertainties, together with these extra totally described in Sunnova’s filings with the Securities and Trade Fee, together with our Annual Report on Kind 10-Ok for the 12 months ended December 31, 2020 and our Quarterly Report on Kind 10-Q for the quarter ended March 31, 2021. The forward-looking statements on this launch are based mostly on data out there to Sunnova as of the date hereof, and Sunnova disclaims any obligation to replace any forward-looking statements, besides as required by regulation.
About CPower Power Administration
CPower Power Administration is a number one, nationwide vitality options supplier guiding clients in the direction of a clear and reliable vitality future. We maximize the worth of our clients’ electrical energy hundreds, facility property and distributed vitality sources. With greater than twenty years of expertise, we have grown to supply greater than 50 native vitality packages partnering with grid operators and utilities to greater than 11,000 websites, delivering roughly 7,000 metric tons of CO2 reductions in 2020 alone. Our presence throughout North America permits us to handle greater than 4.3 GW of buyer capability and supply vitality to the grid when it is wanted most. CPower relies in Baltimore, Maryland and is owned by LS Energy, a growth, funding and working firm targeted on the ability and vitality infrastructure sector. For extra data, go to: www.cpowerenergymanagement.com.
Sunnova Power Worldwide Inc. (NYSE: NOVA) is a number one residential photo voltaic and vitality storage service supplier with clients throughout the U.S. and its territories. Sunnova’s purpose is to be the supply of fresh, inexpensive and dependable vitality with a easy mission: to energy vitality independence in order that householders have the liberty to reside life uninterrupted®.
Concerning the Atmosphere + Power Chief Awards
For practically a decade, the Atmosphere + Power Chief Awards have celebrated excellence on the planet of environmental, sustainability and vitality administration. Award winners are really buzz-worthy, and firms that sport a High Venture or High Product of the Yr Award badge are recognized to be the perfect of the perfect. When different firms are in search of a sustainability or vitality administration answer, they know that E+E Product of the Yr Award winners supply a major group of merchandise, vetted by consultants, to peruse for assist in making their selections. Venture of the Yr Award winners are recognized as an instance how sustainability and vitality administration initiatives can efficiently assist different firms enhance the underside line.
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SOURCE CPower Power Administration