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 venture, named “Electrify America Photo voltaic Glow 1,” is estimated to supply sufficient solar energy yearly to greater than offset any vitality delivered on the present EV charging community.
Electrify America at present operates one of many largest DC fast charging networks in the US, 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 expand its charging network in the US 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 present buy renewable vitality credit that greater than offset its vitality utilization. Nonetheless, 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 technology.
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 in the present day, outlining a number of the phrases and targets whereas working with utility-scale renewable vitality venture developer, Terra-Gen.
Introducing Electify America Photo voltaic Glow 1 – a photo voltaic photovoltaic renewable vitality technology venture deliberate for San Bernardino County, California. When full, the venture is anticipated to generate 75 Megawatts (MW) per hour at peak photo voltaic capability and is estimated to garner 225,000 MWh yearly.
If Electrify America does in reality hit these photo voltaic vitality targets, it would generate greater than sufficient 100% renewable vitality to offset the present vitality being delivered to its EV charging clients. The venture is made doable by a 15-year VPPA with Terra-Gen, which can work as a a worth hedge of kinds.
To start, EA indicators a contract to pay the photo voltaic vitality venture at an agreed-upon worth. Photo voltaic Glow 1 then sells the generated renewable energy as a service provider within the native wholesale market. If the electrical energy is offered above the agreed contract worth, EA will get the earnings. If the electrical energy falls beneath the agreed worth, Electrify America covers the distinction. EA president and CEO Giovanni Palazzo spoke:
Electrify America’s enterprise mannequin – and function – have at all times been on the forefront of efforts to scale back emissions by enabling electrical mobility. Our dedication to clients and to a sustainable future go hand-in-hand, which is why we’re investing in renewable vitality technology to decide to a internet zero carbon footprint related to the vitality delivered to our clients.
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, by way of the acquisition of environmental certificates from present renewable technology.
Lastly, Electrify America has entered into an interim VPPA with Terra-Gen that may go into impact in October to assist the latter’s present SEGS IX photo voltaic thermal plant.
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