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.]

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

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 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.

• 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.

• 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.

• If Seller installs additional storage or generating capacity pursuant to the immediately preceding sentence, Seller shall provide to Buyer a new certificate substantially in the form attached as Exhibit G-2 hereto specifying the new Installed PV Capacity and Installed Storage Capacity.

• If Seller installs additional storage capacity pursuant to the immediately preceding sentence, Seller shall provide to Buyer a new certificate substantially in the form attached as Exhibit G-2 hereto specifying the new Installed Storage Capacity.

More Definitions of Installed Storage Capacity

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 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, for each Project, the actual or expected nameplate capacity of such Project expressed in MW as the rate at which such Project can deliver electric energy to its point of interconnection with the MISO system continuously for four (4) hours, as set forth in the Project Portfolio Matrix for such Project.

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.