Sharp’s money magic makes storage more viable

New Sharp energy storage finance packages and solar plus storage bundles are being pushed at the commercial and industrial market in California.

New Sharp energy storage finance packages and solar plus storage bundles are being pushed at the commercial and industrial market in California. Photo: Miyuki Meinaka

By Jason Deign

Sharp is relying on financial nous as well as technical expertise to improve the numbers for commercial and industrial energy storage in the US.

Tricks such as providing financing packages or bundling storage with solar to take advantage of investment tax credits are helping to make projects more viable, said Carl Mansfield of Sharp’s Energy Systems and Services Group.

The moves are in response to complications with California’s Assembly Bill 2514 incentive scheme, he said.

Earlier this year, “one of the things that changed in California was that the incentive programme became log-jammed,” said Mansfield, who is general manager and founder of the Energy Systems and Services Group.

“We’ve been working through the past several months with models where the deployment doesn’t really need that incentive in order to be viable.”
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