Dynapower Announces New Financing Program to Accelerate the Adoption of Behind the Meter Energy Storage Nationwide
Dynapower is proud to announce the introduction of our brand new energy storage financing program. We’ve partnered with Lease Corporation of America to bring system integrators and buyers of energy storage systems a financing program that saves money and gets your new equipment up and running as soon as possible.
Our new energy storage financing covers the equipment purchase, installation, commissioning and training costs—up to 1 million dollars—all in one simple lease. Customers are also highly encouraged to take advantage of IRS Section 179 and deduct 100% of the cost of the energy storage equipment in the first year that the equipment is put into service. Use this free tax deduction calculator to see how much your business could be saving on new energy storage equipment.
An increased focus on grid resiliency along with the proliferation of Distributed Energy Resources (DER)—such as solar and wind—has made microgrids a very attractive alternative to the traditional centralized grid system. Before diving in deeper, though, let’s take a look at what differentiates microgrids from the traditional grid system.
Essentially, microgrids are small collections of loads controlled locally by a limited number of DERs, as opposed to large centralized power systems—which are operated and controlled from a centralized authority. Large centralized power systems maintain system stability through top down control and the aggregated inertia of the system.
Power management represents a critical area of interest for many industrial facilities. Energy costs can be a daunting operating expense for even small companies, so identifying economical options is a high priority for many managers and executives. One answer that has been growing in popularity and effectiveness is the installation of energy storage systems.
Long-duration energy storage, in particular, poses many benefits for brands struggling with energy management. Implementing such systems offers heightened control over distributed energy resources, allowing businesses to save on demand charges, provide critical backup power to protect against grid outages, and incorporate renewables and energy storage to foster more sustainable and economically sound business practices.Read more
This past April marked the first month in U.S. history that renewable energy sources supplied more electricity than coal. Clean energy sources—including wind turbines, solar panels and hydroelectric dams—generated nearly 68.5 million megawatt-hours of power in April. Meanwhile, coal produced roughly 60 million megawatt-hours of power in the same time period, according to the Energy Information Administration (you can view the data here).
In a nondescript building adjacent to the Burlington International Airport and minutes away from Dynapower’s manufacturing facility in South Burlington, Vermont, a quiet aviation revolution is underway. Kyle Clark and his team at Beta Technologies are fast at work developing a battery-powered electric airplane that could revolutionize global aviation and personal transportation.
Dynapower is helping power that revolution with its energy storage power electronics.
This week Adam Knudsen, Dynapower President, joined partners from Raychem RPG in India, at the Renewable Energy India Expo, Asia’s largest and most influential event in the renewable energy market.
Dynapower and Raychem RPG joined forces in May to bring Dynapower’s energy storage inverter technology to India and neighboring SAARC countries. “Dynapower’s differentiated technology such as its patented Dynamic Transfer, their focus on solutions, and aggressive growth mindset aligns perfectly with the Raychem RPG business model,” said Ramani Kasi, Raychem RPG President & CEO.
Dynapower, the leading independent manufacturer of power electronics for energy storage, is pleased to announce the introduction of a DC-DC partner program for central, solar inverter manufacturers. The program enables participating central, solar inverter manufacturers to include Dynapower’s patent-pending DC-DC converters as part of their utility-scale offering.
Dynapower was the first to commercially deploy DC-DC converters in utility-scale solar plus storage application, and received the 2018 ees Award (Electrical Energy Storage) Innovation Award for its DC-DC converters.
Dynapower’s parallelable 250kW and 375kW DC-DC converters are proven to improve project economics for utility-scale solar owners. The DPS line increases energy production, and enables PV energy to be a time shifted for peak demand events… A recent NREL report cites DC-coupled approach as the most economically advantageous solution for utility-scale solar plus storage.
“We’ve had a tremendous response to our DPS line of DC-DC converters from solar developers and installation owners. We want to be sure that our technology is available to as many customers as possible so we can help accelerate the deployment of utility-scale solar, in the transition to a more sustainable grid,” said Chip Palombini, Director of Energy Storage.
Benefits of the program for participating central inverter manufacturers include access to Dynapower’s patent-pending DC-DC converter technology, OEM channel pricing, and engineering support for DC-coupled utility-scale solar plus storage projects. If you are a central solar inverter manufacturer click here to learn more.
Dynapower’s DPS-250 and DPS-375 can be paralleled to 3MW, and are available as part of a fully-integrated BESS. They have been deployed in installations in Florida and North Carolina and will be deployed in numerous other installations nationwide this year. “This is a very exciting time in solar plus storage,” said Palombini.
NORTH AMERICA currently has tens of gigawatts of installed utility-scale PV generation with many more gigawatts under construction. Utility-scale solar will only reach its fullest financial and energy generating potential with the addition of energy storage, however. The majority of utility-scale PV base could expand energy production and increase revenues with the addition of energy storage. Choosing the right topology is critical to maximizing the impact of coupling energy storage with utility-scale solar installations.
Dynapower and Raychem RPG are pleased to announce they have executed a technology transfer and licensing agreement to bring Dynapower’s energy storage inverter technology to India and neighboring SAARC countries. Indian Prime Minister Narendra Modi recently hailed energy storage of solar energy in India as, “[the] next big technological revolution.”
“Dynapower is proud to work alongside Raychem RPG to help realize this revolution,” said Peter Pollak, Dynapower CEO. “For over 50 years we have deployed our power electronics around the world and pioneered the development of energy storage inverters, including the first UL-1741 listed smart inverter. We are excited to bring our technology and know-how to India as well as the SAARC countries as part of the agreement”.