Examples of Battery Capacity in a sentence
Commencing on the first Day after the Commercial Operation Date, subject to the terms and conditions of this BESSA, Seller agrees to sell, make available, and deliver, and PSE agrees to purchase and receive for its use one hundred percent (100%) of the Battery Capacity in accordance with the terms and conditions set forth in this BESSA and in Annex 1 (XXXX Requirements and Operations), and (ii) all other Attributes associated with the Facility.
Seller will use commercially reasonable efforts, including complying with all applicable registration and reporting requirements, and executing any and all documents or instruments reasonably necessary to cause the Facility and Battery Capacity (including Battery Energy) to qualify for all applicable Attributes available throughout the Delivery Period of this BESSA, at Seller’s cost and expense.
This BESSA (including Appendices A through H and Annex 1) constitutes the entire understanding between the Parties and supersedes any previous agreements between the Parties regarding the purchase and sale of Battery Capacity and other Attributes from the Facility.
In accordance with Section 4(ii) of the BESSA, Seller will provide to PSE at all times during the Term one hundred percent (100%) of the Battery Capacity, including all of the XXXX Capabilities specified in Section 2.B of Appendix A.
Title to and risk of loss related to utilization of Battery Capacity shall pass and transfer from Seller to PSE at the Point of Interconnection.
Such Battery Capacity will be provided by Seller for PSE’s exclusive use, subject to the terms and conditions of this Annex 1.
Seller shall take any and all action necessary to allow for the delivery of Charging Energy to the XXXX in order to provide Battery Capacity, including the Battery Capabilities, in accordance with the terms of this Annex and the BESSA, including maintenance, repair, or replacement of equipment in Seller’s possession or control used to deliver the Charging Energy to the XXXX.
Seller is not entitled to any compensation for Battery Capacity or any other Attribute prior to Seller’s obtaining Commercial Operation Authorization from PSE, including Energy produced during Facility testing and start-up.
Seller desires to sell, and PSE desires to purchase, all of the Battery Capacity and all other Attributes generated by or associated with Seller’s Facility.
If Seller fails to construct the Guaranteed Storage Capacity by such date, Seller shall pay Capacity Damages to Buyer, in an amount equal to one hundred thousand dollars ($100,000) multiplied by each full or partial MW that the Guaranteed Storage Capacity exceeds the Installed Battery Capacity, and the Guaranteed Storage Capacity and other applicable portions of the Agreement shall be adjusted accordingly.