TORONTO, July 25, 2018 – Panasonic Eco Solutions Canada Inc. and NRStor C&I L.P. a subsidiary of NRStor Inc., are pleased to announce their agreement whereby Panasonic is planning to provide the battery solutions and EPC for a 55MWh Global Adjustment portfolio of commercial and industrial projects across Ontario.
Together NRStor and Panasonic are collaborating to further develop energy storage solutions for commercial and industrial clients across Ontario providing cost savings with the following benefits:
- Hydro costs reduction of up to 50% for select high energy users in Ontario.
- Deploying technology solutions that are non-intrusive; seamlessly integrate with current operations; provide backup power; and improve power quality.
- Access to a reputable brand and experienced team of Operations & Maintenance specialists to ensure maximum system value.
“We are very excited about our collaboration with Panasonic. By deploying battery storage systems at commercial and industrial facilities in Ontario, under an Energy Storage as a Service model, we will drive a more competitive industry, reduce energy costs, and ease the financial burden on our customers,” said Moe Hajabed, President at NRStor C&I.
The 55MWh Global Adjustment portfolio was awarded to Panasonic Eco Solutions Canada, a trusted energy storage technology provider and full service in-house energy storage EPC. “We are thrilled to work with NRStor, a leader in Energy Storage development in Canada, and to collaborate on this portfolio on their behalf,” said Tyler Balding, General Manager, Energy Storage Solutions at Panasonic Eco Solutions Canada. “Our collaboration recognizes the strong value proposition of our energy storage offerings, as well as the quality of EPC work that our in-house team has been able to execute for our clients.”
Panasonic Eco Solutions Canada leverages solar and lithium-ion technology to offer energy storage solutions and a full in-house EPC team. With this collaboration with NRStor, Panasonic Eco Solutions Canada brings its exclusive partnership with Compass Energy Consulting, a developer of energy storage projects across Canada that includes origination, preliminary design and business case analysis. “Compass is very happy to work alongside industry leaders Panasonic and NRStor C&I, who are well-positioned to implement and support their energy solutions for the long-term,” said Jonathan Cheszes, Managing Director, Compass Energy Consulting.
About Panasonic Eco Solutions Canada Inc.
Panasonic Eco Solutions Canada Inc. is an affiliate of Panasonic Corporation of North America, the principal North American subsidiary of Panasonic Corporation headquartered in Osaka, Japan. The company is a leader in the deployment of renewable, smart energy systems in Canada. Panasonic provides reliable and bankable, end-to-end turnkey solutions, enabling all the required elements for renewable solar and energy storage initiatives, including full installation, financing, long term assurance and operations and maintenance services. Learn more about residential and commercial offerings from Panasonic Eco Solutions Canada by visiting http://www.panasonic.ca/solar.
About NRStor C&I L.P.
NRStor C&I L.P., a subsidiary of NRStor Inc., is a turn-key BTM energy storage solution provider for commercial, industrial and institutional customers. NRStor C&I provides energy storage as a service under a turn-key build, own, and operate business model where no-capital outlay is required from the customer.
About Compass Energy Consulting Inc.
Compass Energy Consulting Inc. is a boutique management consulting supporting the renewable energy sector across Canada. Compass has a nuanced understanding of the regulatory and economic environment for solar net metering and battery storage across Canada.