Energy Storage Demonstration Sample Clauses

Energy Storage Demonstration. The Settling Parties agree that energy storage is critical for achieving a clean energy future as it provides the ability to optimize system performance over time and allows intermittent renewable resources, such as wind and solar, to make a larger contribution to overall generation. The Settling Parties also recognize the Company has a role to effectively integrate storage. To this end, Narragansett Electric will demonstrate two energy storage solutions: (i) one behind-the-meter storage system co-located with a DCFC site, which will consist of an approximate 250 kW two hour energy storage system, supporting approximately two to six DCFC ports, and (ii) one front-of-the-meter storage system, which will consist of an approximate 500 kW three hour energy storage system for the primary purpose of realizing distribution system value, with the exact storage size and capacity to be determined by system need and location. The revenue requirement for this initiative will include $0.1 million in Rate Year 1, $0.2 million in Rate Year 2, and $0.4 million in Rate Year 3. The costs of this initiative shall be subject to a deferral mechanism, as described in Section 20, below. Narragansett Electric will procure each storage solution through a competitive RFP process, which will set forth the technical requirements, and will request proposals for both a third party-owned system with a service agreement, and an Engineering Procurement and Construction delivered systems owned by the utility, which will explore alternative ownership models on a like-for-like basis, and benefits associated with each model. Narragansett Electric will share the draft RFP with stakeholders, via the PST Advisory Group, for feedback. The proposal(s) that have the best value and that are also compliant with the RFP will be selected. The Company will work with the Division and OER to ensure the procurement process and selection process has been done in an independent, transparent, and fair manner. The costs included in the revenue requirement for this initiative are based on a Company ownership model.
Sample 1
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Related to Energy Storage Demonstration

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