SEPTA Project Overview
Battery Energy Storage
+ Traction Power
Chad Von Eck
VP, Energy Storage
February, 18 2016
Viridity Energy Overview
A LEADING ENERGY MANAGEMENT SOLUTIONS COMPANY WITH UNIQUE CREDENTIALS
 Founded in 2008; transformed from 2012 to 2015; moved to growth mode
 Industry leader in demand response, energy management, energy conservation, and energy storage
 Key assets include patents, software platform, incumbent status, and network operating center
 Serves the organized markets of ERCOT (Texas), NYISO (NY), PJM, CAISO (California), ISO-NE (New England),
IESO (Ontario) & Australia
 Introduced partner & license model in 2012, led to expansion from <150 direct clients with <100MW under
management, to over 1,000+ sites with over 650 MW under management
 Since 2012, averaging $60,000/MW-year gross market customer value
 Largest non-utility storage portfolio in the northeast with over 50,000 operational market hours
Wide Range of Customers & Partners
Industrial
Military
Institutional
Campus
Market Leading Technology
Commercial
Utilities,
REPS, CSPS
© 2016 Viridity Energy Inc. Proprietary & Confidential
2
SEPTA Battery Project Approach
COLLABORATIVE INNOVATION UNLOCKS SAVINGS
Context:
Solution:
•
Robust DC Traction System for Subway
Trains
•
Deploy Energy Storage in a Time of Use
Cost Saving Strategy
•
Regenerative Braking Capability
•
•
Significant yet Constrained Unused
Substation Space
Add Frequency Regulation (FR) Services
to / from PJM to overcome initial cost of
storage
•
Existing Infrastructure Creates an
Insulated Grid
•
Leverage Grants to Test / Refine
Approach prior to seeking commercial
scale
Problem:
Annual Estimated Value:
•
Missed Cost Savings Opportunity Due
to Asynchronous Train Schedules
•
Trains Rarely Accelerating in Proximity
of Braking Trains
•
Savings: $20-30k / MW
•
Revenue: $250-300k / MW
© 2016 Viridity Energy Inc. Proprietary & Confidential
3
SEPTA Batteries
REGEN CAPTURE + FREQUENCY REGULATION
How it Works
Batteries act like an
accelerating train, calling for
energy when a braking event
is recognized by voltage
signature
Similarly, batteries act like
electric supply when an
acceleration event is
recognized
Simultaneously, the battery is
performing incremental
Frequency Regulation service
… modulating SEPTA
substation demand according
PJM dispatch every 2 seconds.
© 2014 Viridity Energy Inc. All Rights Reserved
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SEPTA Battery Project History
SUSTAINABILITY PROGRAM LEVERAGES GRANTS AND SCALES
2010 - Viridity and SEPTA awarded PEDA grant for first project
Site Count
MW
2011 - Initial project design and related contracting
2012 - 1st Battery at Letterly Substation enters PJM FR Market
1
.8
1
1.0
7
8.8
9
10.6
2013 - SEPTA plans and wins a second grant (TIGGER)
2014 - System design enhancements and related delivery
2015 – Commercial scale pursued and achieved
•
February - 2nd Battery at (Griscom Substation) enters PJM
FR Market
•
Q2-Q4 - SEPTA and Viridity seek commercial investment
to scale the valuable approach
•
December - Constellation commits to commercial project
2016 – New systems to be installed and commissioned
Portfolio Total
© 2016 Viridity Energy Inc. Proprietary & Confidential
5
Commercial Project Scope
7 NEW SITES
WITH
CONSTELLATION AND SEPTA
© 2016 Viridity Energy Inc. Proprietary & Confidential
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Project Players
VIRIDITY DELIVERS MARKET SERVICES WITHIN A BROADER TEAM
Owner / operator of 7 new ESS units
Owner / operator of first two ESS units
Primarily benefits through cost savings
Provides access to Traction Power System
Turnkey system provider / integrator and EPC
ESS Provider – Cabinetized /Containerized Li-Io
Electrical contractor - medium and high voltage
© 2016 Viridity Energy Inc. Proprietary & Confidential
7