BP Energy Partners Announces Equity Commitment To Provider Of Energy-as-a-Service, Behind-The-Meter Generation For C&I Customers
October 7, 2020 Email This Story Copyright 2010-20 EnergyChoiceMatters.com
Reporting by Paul Ring • email@example.com
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BP Energy Partners, LLC ("BPEP") has made an equity commitment to California-based Leading Edge Power Solutions, LLC ("LEPS" or the "Company"), a provider of dispatchable, behind-the-meter power generation solutions for commercial and industrial customers.
"The Company's offering provides customers with, in most cases, zero capital cost on-site generation that substantially lowers electricity costs by offsetting the utility grid during peak pricing hours, while also providing the resiliency of backup generation when the utility grid is interrupted," the companies said
The investment by BPEP will fund existing and future distributed generation installations as well as fund the expansion of the Company's Energy-as-a-Service (EaaS) platform.
Over the past three years, the founders of LEPS, David Walters, Dick Paulsen, and Mark Schneider, have brought together key disciplines of generator design and manufacturing, emissions control technology, and electric load analysis and modeling to provide customers with a comprehensive, transparent, and reliable Energy-as-a-Service (EaaS) solution.
Leading Edge Power Solutions said, "Leading Edge Power Solutions, LLC (LEPS) has developed a clean on-site natural gas generator that is automatically dispatched against customer load to maximize savings from utility tariff rates for both energy and demand. Its peak shaving dispatch algorithms are unique and can automatically transfer to grid independent "backup" mode if it senses a grid outage. The Energy Services Agreement (ESA) financing approach requires no up-front capital from the customer and charges only for the service the system delivers, at a price less than the utility rates. LEPS covers all the costs for installation, natural gas, operations and maintenance."