wspp oc meeting · portfolio optimization and energy-as-a-service contracts with global enterprise...
TRANSCRIPT
W S P P O C M E E T I N G
O C T O B E R 1 8 , 2 0 1 9
Company overview
Founded: 2013
Headquarters: San Francisco, California
Number of Employees: 80
Equity Capital Raised: $52.7 million
Project Capital: $250 million (Macquarie Capital) (38DN/Hancock)
Investors: DBL Partners, Energy Impact Partners, GE Ventures, Southern Company, Macquarie Capital, Engie New Ventures, AGL New Ventures, Arnold Schwarzenegger
Most experienced energy markets / regulatory team:First BTM flexible capacity dispatched daily by utilityIndustry-first real time trading platform for storageIndustry-first utility contract designed for “value-stacking” of behind-the-meter storage assets
Most experienced project finance team: Industry-first project financing of energy storage assets, including first senior secured debt on batteriesIndustry-first tax equity financing of solar+storage energy services contract
Most experienced development team:Fortune 50 clients, including utilities, hospitals, universities, aerospace, water industry, commercial campuses
Board of Directors
SUSAN KENNEDYFounder and CEO, Advanced Microgrid Solutions
Former Chief of Staff, CA Governor Arnold SchwarzeneggerCommissioner, CA Public Utilities CommissionCabinet Secretary, CA Governor Gray Davis Communications Director U.S. Senator Dianne Feinstein
NANCY PFUND Founder and Managing Partner, DBL Partners
Current Board Member: Off-Grid Electric, Primus Power, The Muse, Farmers Business NetworkPast Board Member Solar City, Tesla Motors, PandoraAdvisory Boards: Lawrence Berkeley National Laboratory, Co-Chair, Yale School of Management
KEVIN FITZGERALDPartner and Chief Utility Officer, Energy Impact Partners
Former EVP and General Counsel, Pepco HoldingsManaging Partner /Head of Utility Practice , Troutman SandersChief Executive Officer, Plymouth Investments
TOBY COREYBoard Member (Independent)
Lecturer, Stanford UniversityFormer President, Global Sales & Customer Experience, TeslaChief Revenue Officer, SolarCityCo-Founder, President & COO US WebVice President, Novell
KELLY WARNERBoard Member (Representing Common Shareholders)
Former President, Advanced Microgrid SolutionsCEO, KEMA (now DNV-GL)Founder & CEO, Deerpath EnergyFounder & CEO, Xenergy
DANIEL HULLAHManaging Partner, GE Ventures (Observer)
Former VP Strategy and Marketing National GridPhD Physical Chemistry, Oxford UniversityMBA, INSEAD, France
STEPHAN FEILHAUERAssociate Director, Macquarie Capital (Observer)
Former VP Deutche BankMSC Engineering, Economics MIT
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W H O L E S A L E
R E T A I L
I S O M A R K E T S
C U S T O M E R S
B A T T E R Y S O L A R W I N D V P P G A S H Y D R O
B A T T E R Y S O L A R L O A D E V C H A R G I N G
P O R T F O L I O O P T I M I Z A T I O N
O P P O R T U N I T Y C O S T
Co-Optimized Efficiency of BTM & FOM
VPP and Trading Platforms – Product Description
Optimized Bid Generation
DER / VPP Platform Market Trading Platform
Market Intelligence
Price Forecasting
Market Results
Asset Operations &Performance Monitoring
Trade Settings
Battery Solar Wind Gas HydroVPP
AI-driven Algorithmic Trading Platform
Load Battery Solar EV Charging
Virtual Power Plant
Customer Portals
Solution Design Tool Suite
Condition Monitoring
Asset Operations &Performance Monitoring
Market Price Forecasting
Carbon Measurement
Portfolio Optimization & Dispatch
Site Level
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Innovation in Grid ServicesAMS designed, developed and manages the largest operating VPP in the world in Southern California.Aggregated battery storage systems provideflexible capacity for utility dispatch in the CAISO wholesale energy market. Portfolio optimization and Energy-as-a-Service contracts with global enterprise commercial/industrial customers.
• 66MW / 360MWh of energy storage systems deployed across 98 large C&I customer sites
• 600-800 hours of dispatch per year
• Financial co-optimization of retail and wholesale market revenue streams, unlocking maximum value from DER assets
• Seamless integration with all on-site generation, renewables, and existing infrastructure
• Software platform simultaneously solves for customer energy service contracts, project-level IRR threshold and flexible capacity contracts
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Market Trading Platform
Negative Energy Prices
AI “Precision Trading” Can Increase Renewable Project Revenues by 2-10%