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Follow on Google News | ![]() SeaPort Energy Providing Energy Storage for Businesses NationWideSeaPort receivs Initial Product Orders for Demand Shearing™ solution in Southern California
The State of California requires at least 1.3GW of energy storage to be procured by 2020, a part of which will be behind-the-meter commercial installations. The commercial energy storage systems can be used to store energy on site, to help businesses offset power (demand) through Advance Energy Storage, Lighting Retrofit and renewables. The systems are designed to release energy during their peak load periods, significantly reducing the demand portion of their monthly utility bills. Peak demand rates from California's investor owned utilities have increased an average of 45 percent over the past five years, and can represent over 50 percent of the monthly utility bill. As the utilities continue to change the tariff rates to minimize their exposure to solar the power (demand) portion of the bill has been growing. This new disparity in charges from the cost of energy (kWh) and power (kW) has created a market for an AES solution. SPE is expected to announce their partnership with storage and control companies soon. This partnership allows SPE to meet their founder’s requirements, LME. Everything must be Legal, Moral and Ethical. This standard sets the “line” so all employees know to stay on the right side, setting expectations upfront. About SeaPort Energy SeaPort Energy Inc. is a privately held company based on strict standards to do good while helping individuals, government and businesses save energy. As the market changes, SPE’s Technology Neutral stance allows them to provide the best solution for that individual company’s needs. Not trying to sell their internally produced product in a situation that another would be a better fit. Safe Harbor Statement All statements in this release that are not based on historical fact are "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While management has based any forward looking statements included in this release on its current expectations, the information on which such expectations were based may change. These forward looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of our control that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not limited to, whether the patents for our technology provide adequate protection and whether we can be successful in maintaining, enforcing and defending our patents, whether demand for our products, which we believe are disruptive, will develop and whether we can compete successfully with other manufacturers and suppliers of energy conversion products, both now and in the future, as new products are developed and marketed. Furthermore, we operate in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to, and undertake no obligation to, update or revise forward-looking statements. End
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