FRV, Energy Toolbase & Ecopulse launch pioneering ‘Energy-Storage-as-a-Service’ project for the Mexican industrial sector
- The three companies have teamed up for the installation of what represents the first project based on an ‘Energy Storage-as-a-Service’ or EnSaaS /Saas model focused on the Mexican industry, that enables the optimization of energy consumption and significant savings for the final customer.
- Developed in the Iztapalapa Industrial Center, Mexico City, the system will not only allow savings, but also optimize the site’s power factor, and improve the overall quality of facilities’ electrical service.
- FRV is already positioned as the second-largest developer of renewable energies in Mexico with nearly 1 GW of photovoltaic projects in operation and is actively seeking to consolidate its position at the forefront of the global energy sector
Leading global sustainable energy solutions provider, and part of Abdul Latif Jameel Energy, Fotowatio Renewable Ventures (FRV), has entered into a long-term collaborative agreement with software development and energy storage optimization experts Energy Toolbase (ETB), and ‘behind-the meter solutions’, company Ecopulse. This agreement will ensure the development and deployment of energy storage projects under an innovative ‘Energy Storage-as-a-Service’ (EnSaaS/Saas) model focused on the Mexican industrial sector.
Furthermore , FRV has pledged to assume all investment and operational costs of the model, which will provide noticeable electricity bill savings to its customers, who will be able to utilize the service without an investment or fixed service fee. The model’s cutting-edge Battery Energy Storage System (BESS) will be based on the latest Liion battery technology, and is operated with ETB’s sophisticated predictive optimization software, Acumen EMS™, laying the groundwork for the large-scale and innovative deployment of this technology and business model across Mexico.
This system will be integrated by Ecopulse in Mexico City, in the thriving industrial center of Iztapalapa. With a nominal power of 480 kW, clients will be provisioned with up to two hours of stored electrical energy. This will provide industrial clients with a valuable energy consumption optimization service, without interfering in client production, generating sizeable electricity tariff savings, without the obligatory capital investment payments or associated operating costs.
This project is FRV’s first major energy storage project in Mexico under the EnSaaS model, and is specifically designed to optimize and manage energy consumption for both commercial and industrial clients.
Fady Jameel, Deputy President and Vice Chairman, Abdul Latif Jameel, stated:
“We are proud to announce that FRV, part of Abdul Latif Jameel Energy, has entered into a long-term agreement with software specialists Energy Toolbase, and ‘behind-the-meter solutions’ developer, Ecopulse. Our partnership will lead to the development of innovative energy storage projects, with an initial focus on the Mexican industrial sector. This groundbreaking collaboration will serve to emphasize our continued commitment towards digitalization and expansion, showcasing the great strides made by businesses in diverse global markets.”
FRV-X has a current collective portfolio of more than 500 MW’s of battery storage projects worldwide, which includes a 42 MW footprint in commercial operations. This project represents a further step in FRV’s global expansion into the field of energy storage, as well as representing its continued pursuit to increase its already sizeable portfolio of projects of a similar nature.
Energy storage systems provide an ideal cost-efficien mechanism, that reduces grid congestion, balancing the electrical system, while mitigating the impact of intermittent renewable generation, in the form of wind and solar power. This ultimately supports the ecological transition towards a greater breakthrough of renewable sources of energy.
In addition, in electricity markets similar to Mexico, where the final consumer is subject to demand charges and hourly tariff schemes (ToU), energy storage systems, coupled with Acumen EMS™, can manage consumer demand, delivering savings, while reducing stress on the electrical grid during peak hours.
Conceived and developed by FRV-X – FRV’s technology incubator – the system will be installed in a behind-the-meter structure, and can operate autonomously without human intervention, thanks to Energy Toolbase’s Acumen EMS™ software, which uses consumption predicting artificial intelligence, enabling the BESS to respond optimally according to the hourly electricity tariff.
Miguel Sepúlveda, Director of Business Development for FRV-X in Latam, recently stated,
“This project undoubtedly represents a revolution in the field of energy consumption for the Mexican industrial sector, offering users a flexible and efficient option that will bring them immediate results and benefits. In addition, Mexico is one of our main markets and, with this project, we are actively contributing to the consolidation of an increasingly sustainable energy model in the country.”
“Partnering with FRV to deliver both an optimized BESS along with a unique EnSaaS business model will be of great benefit to the Mexican market,” added Reid Wuntke, President of Energy Toolbase. “Enabling the adoption of renewables by deploying energy storage systems benefits all parties involved, and we’re excited to help FRV and energy consumers in the Mexican industrial sector achieve more energy savings, more energy independence, and more electrical grid stability in a way that will benefit many generations to come.”
For Gerardo Ferraez, CEO of Ecopulse:
“This alliance between the companies involved, will create an amazing opportunity for all the C&I customers in Mexico since it reduces their energy costs and meets their environmental requirements without having to do any additional investment. EnSaaS is positioned as an incredible offering for the Mexican market, and a great vehicle for Ecopulse in its mission of helping all Mexican companies achieve energy independence.”
As part of the EnSaaS/Saas project, FRV has also established an agreement with Operati to build a customer service system that has been exclusively developed for these developments, which will provide real-time support and daily consumption management reports, ensuring a transfer of the technological know-how to the final customer.
FRV is already positioned as the second-largest developer of renewable energies in Mexico with nearly 1 GW of photovoltaic projects in operation and is actively seeking to consolidate its position at the forefront of the global energy sector, incorporating dynamic technologies, while continuing to promote the digital transformation of the sector.
Undoubtedly, this new consortium comprised of FRV, ETB, Operati, and EcoPulse, promises to revolutionize the Mexican industrial electricity market through the implementation of the EnSaaS energy storage system.