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MP2 Energy To Supply Toyota HQ in Plano
MP2 Energy announced that it has been awarded a five-year retail electricity contract with Toyota Motor North America to provide 100 percent renewable energy solutions to Toyota’s new North American headquarters in Plano, Texas.
MP2's selection by Toyota, brokered by Priority Power Management, was first reported by RetailEnergyX.com yesterday
The MP2 contract takes into consideration the forecasted hourly energy consumption for the approximately 2.1 million square-foot campus comprised of office space and office support, a data center and light industrial and light automotive service facilities. The five-year deal also supports 7.75 megawatts of on-site solar generation at the new headquarters through MP2 Energy’s net energy billing for the purchase of all excess solar generation. The remaining electricity MP2 procures for Toyota will be 100 percent renewable, sourced from various resources including local Texas wind and offsite solar.
MP2 will also provide Toyota with supply flexibility, including the possibility of future integration of demand response and other onsite generation.
MP2 said that, traditionally, "solar energy has been offered exclusively through long-term contracts, most of which begin at 20-year terms. This deal, however, is a shorter five-year agreement, improving Toyota’s ability to forecast its energy costs and adjust accordingly."
MP2 Energy serves approximately 1,300 MW of commercial, industrial and residential customer load in Texas, Illinois, Pennsylvania and Ohio.
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June 9, 2016
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Copyright 2010-16 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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