July 19, 2018
NRSTOR C&I and IHI, Inc Execute Agreements for Eight Projects to Address Ontario Global Adjustment Charge
Article from IHI Energy Storage
Projects Announced Following New Memorandum of Understanding to Deliver 42MWh of Energy Storage in 2019
Chicago, July 19, 2018 (Newswire.com)
NRStor C&I L.P. (NRStor C&I), a subsidiary of NRStor Inc., and IHI Energy Storage, a division of IHI, Inc. are pleased to announce eight contracted projects based on a new Memorandum of Understanding (MOU) between the two companies. The MOU was signed on June 8th, 2018. Under the MOU, IHI Energy Storage will deliver 42MWh of behind-the-meter (BTM) Lithium ion battery solutions for transactions executed with eight commercial and industrial customers in Ontario, Canada. The energy storage projects are expected to be operational in 2019.
IHI Energy Storage is a mission-driven organization dedicated to delivering innovative energy storage solutions centered around the proprietary software suite, ESWare®. IHI Energy Storage’s obligations under the agreement will include delivery of the battery, inverter, energy storage software, temperature-controlled enclosure, full balance of plant and a full wrap of the system, including a warranty and operations and maintenance for the life of the project. IHI Energy Storage is leveraging industry expertise to execute the delivery of this energy storage project portfolio.
NRStor C&I is a leading Canadian energy storage project developer and owner of energy storage projects in the commercial, industrial, and institutional sector. NRStor C&I operates under a build, own, operate structure with the goal of reducing customers’ electricity costs via revenue stacking multiple cash-flow streams, utilizing a fossil-fuel free technology that helps customers reduce their carbon footprint.