Common Contracts
1 similar Energy Storage Agreement contracts
EBCE-SJCE 2022 Long-Term Resource RFO Attachment E.4 Energy Storage Agreement Term Sheet – Stand-alone StorageEnergy Storage Agreement • February 17th, 2022 • California
This indicative term sheet (“Term Sheet”) is entered into as of _____, 2022 (the “Effective Date”) between [East Bay Community Energy Authority, a California joint powers authority (“EBCE”)] [City of San José, a California municipality, doing business as San José Clean Energy (“SJCE”)] and [Respondent Name] (“Respondent”) in connection with the 2022 Renewable Energy & Storage Request for Offers (“RFO”). This Term Sheet is intended to set forth the key commercial terms and conditions to be included in a proposed energy storage agreement (“ESA”) between Seller and Buyer for the purchase and sale of the Product (the “Proposed Transaction”) from the Facility. Negotiation of the ESA is subject to Buyer selecting the Proposed Transaction for the negotiation shortlist, the terms and conditions of the RFO, timely execution of the Exclusive Negotiating Agreement (as defined below) and posting of the Shortlist Deposit (as defined in the Exclusive Negotiating Agreement) by Seller. Until a definit
