Installed Storage Capacity definition

Installed Storage Capacity. The maximum amount of energy measured in MWh that is capable of being stored in the Energy Storage Component that achieves Operational Certification.]

Installed Storage Capacity means the maximum dependable operating capability of the Storage Facility to discharge electric energy, as measured in MW(ac) at the Delivery Point, that achieves Commercial Operation, adjusted for ambient conditions on the date of the performance test, and as evidenced by a certificate substantially in the form attached as Exhibit I hereto.

Installed Storage Capacity. The maximum amount of energy measured in MWh that is capable of being stored in the Energy Storage Component that achieves Operational Certification.] Knowledge: With respect to a fact or circumstance means the knowledge of a Party after conducting (a) a reasonable review of its books, records and properties relating to matters relevant to such particular fact or circumstance and (b) a reasonable inquiry of each of its employees, officers, directors, agents and vendors who would reasonably be expected to have actual knowledge of such fact or circumstances as a result of such other person’s position or duties. Mineral Soil Groups (MSG) 1-4: Soils with a mineral soil group value of 1, 2, 3, or 4 as assigned by the New York State Department of Agriculture and Markets in the Agricultural Land Classification System for New York. For the purposes of this Agreement, MSG 1-4 have been established in ‘NYSERDA 2022 Soils Data.’ Exhibit H depicts the Bid Facility as bid to NYSERDA with the NYSERDA 2022 Soils Data MSG 1-4 overlay.

Examples of Installed Storage Capacity in a sentence

• Seller shall post security as follows: Development Security – $[To equal $105/kW of Guaranteed Storage Capacity] Performance Security – $[To equal 105/kW of Installed Storage Capacity] To secure its obligations under this ESA, Seller shall deliver the Development Security to Buyer within five (5) Business Days of the Effective Date.

• Seller shall post security as follows: Development Security – $[To equal $105/kW of Guaranteed PV Capacity & Guaranteed Storage Capacity] Performance Security – $[To equal 105/kW of Installed PV Capacity & Installed Storage Capacity] To secure its obligations under this PPA, Seller shall deliver the Development Security to Buyer within five (5) Business Days of the Effective Date.

• If Seller fails to construct the Guaranteed Storage Capacity by such date, Seller shall pay “Storage Capacity Damages” to Buyer, in an amount equal to for each MW at fourhours of continuous discharge that the Guaranteed Storage Capacity exceeds the Installed Storage Capacity, and the applicable portions of the Agreement shall be adjusted accordingly consistent with the Installed Storage Capacity.

• If Seller fails to construct the Guaranteed Storage Capacity by such date, Seller shall pay “Storage Capacity Damages” to Buyer, in an amount equal to Two Hundred Fifty Thousand Dollars ($250,000) for each MW at four (4) hours of continuous discharge that the Guaranteed Storage Capacity exceeds the Installed Storage Capacity.

• Should the Installed Storage Capacity be less than the Bid Storage Capacity, the Index OREC Price shall, upon Notice to Seller, be reduced by an amount equal to the product of (A) the Energy Storage Component Price Reduction Amount multiplied by (B) the quotient, reflected as a percentage, obtained by dividing (X) the sum of (a) the Bid Storage Capacity minus (b) the Installed Storage Capacity by (Y) the Bid Storage Capacity.

More Definitions of Installed Storage Capacity

Installed Storage Capacity means the lesser of (a) PMAX, and (b) maximum dependable operating capacity of the Storage Facility to discharge Energy for four (4) hours of continuous discharge, as measured in MW AC at the Storage Facility Meter Point by the Storage Facility Meter and adjusted for Electrical Losses to the Delivery Point, that achieves Commercial Operation, as evidenced by a certificate substantially in the form attached as Exhibit I-1 hereto, as such capacity may be adjusted pursuant to Section 5 of Exhibit B.

Installed Storage Capacity has the meaning set forth on Appendix 2 to Appendix L-2. “Insurance” means the policies of insurance as set forth on Appendix F.

Installed Storage Capacity means the Effective Storage Capacity that achieves Commercial Operation, as evidenced by a certificate substantially in the form attached as Exhibit I- 1 hereto.

Installed Storage Capacity means the maximum dependable operating capability of the Storage Facility to discharge electric energy for four (4) consecutive hours at the maximum discharge rate (up to but not in excess of the Guaranteed Storage Capacity), as measured in MW(ac) at the Delivery Point, that achieves Commercial Operation, as evidenced by a certificate substantially in the form attached as Exhibit I-2 hereto provided by Seller to Buyer.

Installed Storage Capacity. The maximum amount of energy measured in MWh that is capable of being stored in the Energy Storage Component that achieves Operational Certification.] Mineral Soil Groups (MSG) 1-4: Defined by the AGM for each soil type identified by the United State Department of Agriculture and are used to classify the state’s agricultural lands based upon soil productivity and capability. For the purposes of this Agreement, MSG 1 -4 have been established in ‘RESRFP21-1 Map of NYS Mineral Soil Groups classifications 1 through 4 (MSG 1-4)’. Exhibit H depicts the Bid Facility as bid to NYSERDA with the RESRFP21-1 MSG 1-4 overlay.

Installed Storage Capacity means the lesser of (a) PMAX, and (b) maximum dependable operating capacity of the Storage Facility to discharge Energy for five (5) hours of continuous discharge, as measured in MWAC at the Storage Facility Meter Point by the Storage Facility Meter and adjusted for Electrical Losses to the Delivery Point, that achieves Commercial Operation, as evidenced by a certificate substantially in the form attached as Exhibit I-1 hereto, as such capacity may be adjusted pursuant to Section 5 of Exhibit B. Seller shall have the right and option in its sole discretion to install Storage Facility capacity in excess of the Guaranteed Storage Capacity; provided, for all purposes of this Agreement the amount of Installed Storage Capacity shall never be deemed to exceed the Guaranteed Storage Capacity, and Buyer shall have no rights to instruct Seller to (i) charge or discharge the Storage Facility at an instantaneous rate (in MW) in excess of the Effective Storage Capacity or (ii) charge the Storage Facility to a level (in MWh) in excess of the Effective Storage Capacity times five (5) hours.

Installed Storage Capacity means the lesser of (a) PMAX, and (b) maximum dependable operating capacity of the Storage Facility to discharge Energy for four (4) hours of continuous discharge, as measured in MW AC at the Storage Facility Meter and adjusted for Electrical Losses to the Delivery Point, that achieves Commercial Operation, as evidenced by a certificate substantially in the form attached as Exhibit I-1 hereto, as such capacity may be adjusted pursuant to Section 5 of Exhibit B. It is acknowledged that Seller shall have the right and option in its sole discretion to install Storage Facility capacity in excess of the Guaranteed Storage Capacity; provided, for all purposes of this Agreement the amount of Installed Storage Capacity shall never be deemed to exceed the Guaranteed Storage Capacity, and Buyer shall have no rights to instruct Seller to (i) charge or discharge the Storage Facility at an instantaneous rate (in MW) in excess of the Effective Storage Capacity or (ii) charge the Storage Facility to a level (in MWh) in excess of the Effective Storage Capacity times four (4) hours.