Why AMS sees promise in Texas

AMS sees potential in helping change the Texas energy market to one based more on the sun. Pic: Pixabay.

AMS sees potential in helping change the Texas energy market to one based more on the sun. Pic: Pixabay.

By Jason Deign

San Francisco, USA-based Advanced Microgrid Solutions (AMS) is expanding into Texas as part of moves to grow its presence outside its core California market.

The company this month announced a USD$3.24m US Department of Energy grant-funded project with Pedernales Electric Cooperative (PEC), of central Texas, to investigate the use of storage with distributed solar generation.

The news came hot on the heels of another deal, with Texas Electric Cooperatives (TEC), to showcase a 200kWh AMS installation and offer energy storage systems at preferential rates to TEC’s member cooperatives.

“TEC is the co-op of co-ops,” said Manal Yamout, vice president of policy at AMS. “They have 75 co-op members, and what TEC does for them is bulk-buy poles and wires and now AMS batteries.”

The partnership is essentially a distribution deal that opens the door for AMS to sell batteries and services to consumer-owned electric cooperatives serving 2m homes and businesses in Texas, Oklahoma and New Mexico. 
Read more →

AMS to start series B fund hunt this month

Advanced Microgrid Solutions is on the hunt for new investors after growing its business using batteries supplied by Tesla. Pic: Tesla Motors.

Advanced Microgrid Solutions is on the hunt for new investors after growing its business using batteries supplied by Tesla. Pic: Tesla Motors.

By Jason Deign

Advanced Microgrid Solutions (AMS) of San Francisco, USA, is readying for a new fundraising round that could kick off as early as this month.

The much-hyped project developer is looking to bring in more than the USD$18m it achieved in its last financing effort, which closed just under a year ago.

“We are about to launch our series B and that will be concluded this year,” chief commercial officer Katherine Ryzhaya told Energy Storage Report.

The money will be used to speed up the growth of the company, which currently has 2.5MWh of storage in operation and aims to have installed more than 5MW and 3.5MWh by the end of this year, according to Ryzhaya.

“With the series B we will only be scratching the surface of the opportunity within the US,” she said. “We also have customers with a focus on the UK and Japan.”
Read more →

AMS on growth plans, new investor

The rapid growth of Advanced Microgrid Solutions continues as it prepares to announce a new major global investor, after signing contracts for Tesla energy storage, and with Shell and Southern California Edison. Photo credit: Tesla Motors

Advanced Microgrid Solutions is set to announce a new major global investor, after signing contracts for Tesla energy storage, and with Shell and Southern California Edison. Photo credit: Tesla Motors

By Jason Deign

San Francisco, California-based start-up Advanced Microgrid Solutions (AMS) has confirmed it is set to announce “a very large global strategic” investor, probably later this month.

The investor, described as being active “both on the investment side and on the energy generation owner and service side” is set to join existing backer DBL Partners in an “over-subscribed” USD$10m new funding tranche.
Read more →

Don’t believe the public utilities: California rocks

Despite lack of interest from public utilities, the Southern California Edison (SCE) announcement of the winners of its 250MW procurement shows the California energy storage market is growing rapidly. Photo credit: AES Energy Storage

Despite lack of interest from public utilities, the Southern California Edison (SCE) announcement of the winners of its 250MW procurement shows the California energy storage market is growing rapidly. Photo credit: AES Energy Storage

The California energy storage market is coming to life in spite of lacklustre backing from the state’s publicly owned utilities. Last week, Southern California Edison (SCE) announced the winners of contracts for 250MW of energy storage, Greentechmedia said, even as California’s publicly owned utilities committed to a mere 27.6MW by 2016, according to the Energy Matters blog.

The blog claims the California public utilities’ targets, all submitted in response to the Assembly Bill 2514 on energy storage procurement, represent about 0.1% of their combined peak load.

The 27.6MW commitment pretty much all came from just two providers: Redding Public Utilities and the Los Angeles Department of Water and Power (LADWP).
Read more →