Individual.com logo
  For free personalized news click here!
Select a date:

Newsdesks
Top World News
Business
Finance
Internet
Computing
Environmental
Energy
Healthcare
Industry News, A-Z
Sports
Telecom
Transportation
Table bottom

Top Topics
No top stories
Table bottom

Top Topics
Aerospace & Defense
Financial Services & Investing
Stock Market
Alternative Energy
Banking
Economic Indicators
Corporate News
Government
Executive Activities
Corporate Performance
Table bottom


18765 19934 42403 199603 19877


Nationwide Energy Partners Adds Solar to Condo Microgrid, Reducing Electricity Costs

New Albany Park Condominiums Becomes First NEP Innovation Gateway Program Customer

COLUMBUS, Ohio, May 19, 2017 (BUSINESS WIRE) --

Nationwide Energy Partners (NEP) announced today that it has partnered with the New Albany Park Condominium Association on a project to help develop a 25kW solar energy system within their condo community.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170511005233/en/

The first customer in the NEP Innovation Gateway Program, the New Albany Park Condominium Association (Association), partnered with NEP to bring a solar solution to the complex. Construction on the rooftop solar energy system is expected to be completed this summer. The solar energy system will be located on the complex's clubhouse and the electricity generated will offset most of New Albany Park's clubhouse usage. The system will be installed at no capital cost to the Association. The Association will also receive a monthly credit as a result of its agreement with NEP.

Additionally, as part of its commitment to improving the local environment through clean energy, the Association has partnered with NEP to facilitate a purchase of clean renewable energy credits to offset all of the community's annual electricity needs that are met from coal-fired sources.

"New Albany Park is a great place to live and with solar, it will be even better. Through our discussions with residents, it was clear that they wanted clean renewable energy because it makes financial and environmental sense. By adding solar to our NEP-installed microgrid, we will be able to offset electricity used at our clubhouse and reduce costs for our residents," said Niki Summerlot, President of the New Albany Park Condominium Association.

NEP will make an investment in advanced metering systems and technology solutions at New Albany Park. These technologies are an essential part of the behind-the-meter microgrid that allows property owners and developers to add renewable energy, increase insights from energy data, and improve demand response. A study from the U.S. Department of Energy found that submetering cuts energy costs by 21%.

"Submetering is a gateway for energy innovation, allowing property owners and developers to think outside the box and create a microgrid onsite. With submetered microgrids, properties can lower energy costs, cut greenhouse gas emissions, and proactively and economically add value to residents," said Gary Morsches, CEO of Nationwide Energy Partners.

New Albany Park Condominiums has 436 units and includes amenities such as a clubhouse, meeting room, pool house/deck, pond, and fountain.

Nationwide Energy Partners also provides maintenance, monitoring, and billing services to New Albany Park for resident electricity, water, and common area usage.

ABOUT NATIONWIDE ENERGY PARTNERS

Nationwide Energy Partners (NEP) simplifies the management of power and water usage for multifamily property owners and developers and provides a gateway for true energy innovation. For residents, NEP provides data and insights with its smart meters, allowing residents to pay for what they use. Providing a gateway for energy innovation, NEP manages submetered microgrids reducing energy costs and adding security for properties.

Based in Columbus, Ohio, NEP has proudly served multifamily property owners, managers, developers, and their residents by providing innovative energy management solutions since 1999. To learn more about NEP's development, management, and energy billing services, please visit www.nationwideenergypartners.com

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20170511005233r2&sid=cmtx6&distro=nx&lang=en

View source version on businesswire.com: http://www.businesswire.com/news/home/20170511005233/en/

SOURCE: Nationwide Energy Partners

Makovsky 
Loretta Prencipe, 202-658-9024 
lprencipe@makovsky.com


Copyright Business Wire 2017
News Provided by

...

Home Help My Settings Privacy Policy Terms of Service Advertising About Us Contact Us Logout

Copyright , Individual.com. No redistribution allowed.