In August 2019, Hawaiian Electric and Minneapolis-based Open Access Technology International, Inc. (OATI) finalized a pioneering grid services purchase agreement. As part of that agreement Shifted Energy, which is apart of the OATI Energy Alliance, collaborated with Avalon Commercial LLC to install 57 grid-interactive water heaters at the 7000 Hawaii Kai Drive apartment complex in Honolulu.
“We are currently recruiting up to 2,700 participants as part of this first project,” said Forest Frizzell, CEO of Shifted Energy, in an interview with Pacific Business News. “We are working with property managers and owners to target multi-unit dwellings like apartment buildings and condos.”
Participating customers will receive monthly compensation through electric bill credits, which is projected to save participants $10,260 to $17,100 over the next five years. Grid-interactive water heaters can provide peak demand reduction, thermal energy storage, emergency demand response and both frequency and voltage regulation.
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