US-based Solect Energy, Massachusetts’ leading commercial-scale developer of solar energy systems with over 400 installed projects has announced it is launching an energy storage division.
The company has signed an agreement with NEC Energy Solutions, to sell NEC’s DSS® (Distributed Storage Solution) product line for commercial customers.
“We couldn’t be more excited about our collaboration with NEC and the opportunity to bring tremendous additional value to both our existing and new customers,” said Ken Driscoll, CEO of Solect Energy. “We are at the doorstep of the energy storage boom and Solect is extremely well positioned to bring these new solutions to our commercial customers, saving them money and building resiliency.”
Since Massachusetts has some of the highest demand charges in the US, accounting for up to 70% of a commercial customer’s electricity bill, both Solect and NEC anticipate that Massachusetts will be one of the next major markets to see commercial-scale energy storage rapidly grow the way it has in California.
Demand charges are based on a customer’s monthly peak load and, according to Solect’s market analysis, up to 70,000 commercial customers in Massachusetts currently pay high enough rates to economically justify installing a storage system to even out their energy load profile and lower their demand charges. When paired with solar, the economics are even better due to tax advantages and other ways to monetise the benefits of both systems working together.
As a Qualified DSS® Partner for NEC, Solect will act as a reseller and independent contractor, installing, operating and maintaining DSS® energy storage units. The DSS® platform is scalable from 85kWh to 510kWh of energy storage capacity and offers from 100kW up to 710kW of power capability.
As a standardised, UL safety-certified, AC-ready system including power conversion system, the DSS® product is preconfigured in outdoor-rated enclosures, compliant with all relevant regulatory and environmental requirements and is backed by up to a 10-year product warranty.