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Green Charge Networks Receives $56 Million in Funds For Efficiency Agreements

Green Charge Networks Secures $56 Million To Finance Energy Storage Plan

Solar Industry, July 30, 2014

K Road DG is providing $56 million in funding and strategic management assistance to Green Charge Networks to support deployment of the latter’s GreenStation energy storage systems under so-called Power Efficiency Agreements (PEAs).

Under a PEA, Green Charge owns and operates the energy storage assets deployed at customer sites while providing the customer with energy services enabled by on-site storage, such as backup power and peak shaving.

Green Charge hopes the PEA financing model will enable it to serve the broadest cross section of the energy storage market.

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