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Sunnova Energy (NYSE:NOVA) + 3.5% post-market on Tuesday after revealing plans to deploy energy from its Integrated Adaptive Homes to reduce peak capacity demand in a predominantly low to moderate income community in PG&E (PCG) Northern California service area.
Sunnova (NOVA) says its consolidated customer portfolio has solar + storage systems that reduce the need for PG&E (PCG) to upgrade the distribution infrastructure at certain substations, effectively extending the useful life of that existing grid infrastructure, while meeting the energy needs of client.
“Our virtual power plant capabilities can be leveraged through a targeted approach to reduce grid stress in concentrated areas during specific event windows in the epidemic area. services of PG&E”, Sunnova’s (NOVA) Energy Services and Grid Senior Director McCrea Dunton said.
Sunnova (NOVA) was recently applied to the California Public Utilities Commission to develops the first storage and solar-focused “micro-utility” in California.
