Case Study

Case Study Overview

2001 Union Street, San Francisco is a six-story, concrete, multi-use building with a five-level underground garage, restaurant, retail and office tenants. Solana Energy teamed up with the building's Owner, Electrician and Property Manager to implement the Transform Energy Asset. The key transformation is five of the tenants now pay for electrical service directly to the property manager. Software, sub-metering and billing by Transform deliver income that used to go to the Utility.

A single utility meter can be optimized. Multiple utility meters cannot. With a single utility meter and building submeters, the tenants are billed for their full retail use of electricity at current utility rates while the energy asset owner is able to reduce exposure to the utility with behind-the-meter resources such as batteries, solar and c0generation.

Net Income Transfer To Property Owner

The software manages five tenant sub-meters. Each meter is utility grade. On the first of the month, the recorded data is assembled into an invoice to the tenant from the Property Manager. This bill collects on all of the line items including taxes, demand charges, and time of use consumption.

Orchestrating the Energy Asset

Solar, batteries and additional software limit the imports and demand from the utility. Thus, the Property Owner profits on the margin between the tenants electrical usage and what the building imports from the Utility. The Property Owner realizes the full retail value of the energy asset through tenant billing. With TEA, 2001 Union Street unlocked new operating income significantly increasing the building value.

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