Sharp Electronics Corporation, based in Mahwah, New Jersey is the U.S. sales and marketing subsidiary of Japan’s Sharp Corporation. Its Energy Systems and Services Group has launched the SmartStorage® behind-the-meter energy storage system, which is designed to reduce expensive peak demand charges for commercial and industrial buildings. The system can be purchased with a 10-year performance guarantee backed by a 10-year operations and maintenance service agreement.
The SmartStorage® system combines Sharp’s intelligent energy management system with advanced hardware that includes lithium-ion battery racks (supplied by a leading global manufacturer), which have been tested, listed and labeled as compliant with rigorous UL safety standards. The system is available configured as either a one and one third hour or two and two thirds-hour duration system and is scalable from a 30 kW to a 480 kW power rating. It can operate as a stand-alone storage solution or can be deployed along with a solar power system.
“As with all Sharp products, the SmartStorage® system was put through the paces of our rigorous testing program,” said Carl Mansfield, General Manager and Founder of Sharp. “This involves a series of internal quality and safety measures, frequent testing and assurance that the product meets the highest standards. We have tremendous confidence in the robustness of our system. The product’s combination of cutting-edge hardware, Sharp’s unique software, and our 10-year O&M service and performance guarantee provides the ultimate turnkey solution for commercial and industrial business owners.”
The demand management system delivers insight and visibility into its customers’ peak demand usage, predicting demand spikes and discharging energy with precise timing to offset expensive demand charges without requiring any behavioral changes on the part of the customer. The SmartStorage® system keeps a large amount of energy storage in reserve, which it selectively releases in order to limit a facility’s electricity demand. Throughout the U.S., peak demand charges are frequently the fastest growing part of utility bills for commercial and industrial customers and, in some cases, can represent more than 50% of a company’s monthly utility bill.
Sharp’s system has undergone more than 18 months of testing at Sharp’s Camas, WA test facility. The SmartStorage® system has been extensively field tested at Sharp’s i commercial pilot installation at a San Diego housing property, one of the first behind-the-meter PV/storage installations approved for interconnection by both the City of San Diego and San Diego Gas & Electric. Using historical load data, coupled with verified data from deployments such as that at a commercial property in Escondido, CA, Sharp has confirmed that effective system performance can be achieved across a wide range of potential deployment sites. When the systems are purchased with Sharp’s 10-year Asset Management Service Agreement, Sharp guarantees demand charge reductions for 10 year, protects against future rate hikes, and delivers a return on investment under certain circumstances as quickly as four years for building owners and operators.
Sharp Corporation is a Japanese multinational corporation that designs and manufactures a wide range of electronic products. Headquartered in Osaka, Sharp employs nearly 50,000 people worldwide. Its U.S. subsidiary, Sharp Electronics Corporation, was established in 1962.