Yotta Energy Secures $1.23M to Deploy Solar + Energy Storage Project in Underserved Community in Southern California | New

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SANTA ANA, Calif.–(BUSINESS WIRE)–August 30, 2022–

With over 30 percent American households in fuel poverty, Yotta Energy, a leader in modular energy storage technology, has received $1.23 million from the California Energy Commission (CEC) to develop a solar and storage system to address energy inequality in low-income areas . The project will include battery backup for a multi-family property located in Santa Ana, California, and demonstrate how Yotta’s scalable technology can increase energy reliability and enable cost savings in underserved communities throughout California. In addition to the economic benefits, the project will also examine the reduction in greenhouse gas emissions, environmental improvements and implications on the existing electrical grid by adding solar power + storage in a low income community .

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With a grant of over $1 million from the California Energy Commission, Yotta Energy will deploy a solar+ storage project in an underserved community in Southern California. (Photo: Yotta Energy)

“Our state has a long history of introducing and integrating renewable energy, but because low-income areas have lagged in adoption due to a lack of resources, these communities have experienced high levels air pollution,” said CEC President David Hochschild. “We look forward to working with Yotta Energy on this project to demonstrate the viability of these facilities and how we can replicate similar types across the state.”

Yotta will work with Electric Power Research Institute (EPRI)the leading independent, not-for-profit energy research and development organization, and Energy Promisea leading solar developer.

The initiative will also demonstrate how solar and storage solutions can bring economic benefits to the city of Santa Ana. At scale, this can become a cost-effective solution that drives higher solar and storage adoption rates, providing a pathway to an affordable distributed energy resource solution for the California residential market. In addition, it reduces the existing fragility of the network by offering alternative, local and carbon-free energy.

Through replication and scaling, Yotta hopes to expand its solutions to other similar locations across the country, providing sustainable initiatives to make solar energy storage and use more accessible.

“This is an important milestone for the City of Santa Ana as the state seeks to adopt and implement greener technologies in its buildings,” said Omeed Badkoobeh, CEO of Yotta Energy. “Not only will this project lead to a cleaner and healthier local environment, it will also open the door to economic prosperity and growth in Santa Ana. As we plan to continue to develop and implement our solution in communities nationwide, we look forward to ensuring that everyone has access to a reliable energy supply.

The project is expected to start in August 2022. Prior to installing the Solar+ Storage System, Yotta will also perform data collection at SolarTAC’s facility in Colorado, which is the largest test facility for solar technologies.

Yotta’s technology features a unique PV-coupled architecture that provides efficient energy storage at a lower total installed cost. This technology incorporates lithium-iron-phosphate batteries designed with advanced thermal management. The integrated software and hardware solution enables Yotta to cope with network outages by improving network resiliency and reliability. In April, the Ministry of Defense Environmental Safety Technology Certification Program awarded Yotta $1.97 million for a new solar microgrid and storage project at Nellis Air Force Base in Las Vegas, Nevada.

About Yotta Energy

Yotta Energy is a renewable energy storage company headquartered in Austin, Texas. Yotta has developed a unique PV-Coupled™ architecture, an intelligent energy storage solution designed to effortlessly adapt to rooftop solar PV projects. Roughly the size of a briefcase, Yotta’s patented panel-level energy storage solution can fit any industry-standard solar module, integrating seamlessly into the racking array solar. Yotta’s technology includes advanced thermal management to maintain optimum working temperature even in extreme outdoor conditions. As an integrated software and hardware solution, Yotta also helps resolve network outages by improving network resiliency and reliability. Yotta’s technology enables a much lower total cost of installation for rooftop solar storage than any other energy storage system currently available. Learn more about www.yottaenergy.com.

About the California Energy Commission

The California Energy Commission is leading the state toward a 100% clean energy future for everyone. As the state’s primary energy policy and planning agency, the Energy Commission plays a critical role in creating the energy system of the future – one that is clean, modern, and ensures that the world’s fifth largest economy continues to thrive. www.energy.ca.gov

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CONTACT: Technica Communications for Yotta Energy

Jake Wengroff

408-806-9626 ext. 6816

[email protected]

KEYWORD: CALIFORNIA TEXAS UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: UTILITIES ALTERNATIVE ENERGY BATTERIES ENERGY TECHNOLOGY RESIDENTIAL BUILDING AND REAL ESTATE STATE/LOCAL COMMERCIAL BUILDING AND REAL ESTATE CONSTRUCTION AND PROPERTY ENVIRONMENT GREEN TECHNOLOGY BUILDING SYSTEMS PUBLIC POLICY/GOVERNMENT

SOURCE: Yotta Energy

Copyright BusinessWire 2022.

PUBLISHED: 08/30/2022 06:00 / DISK: 08/30/2022 06:02

http://www.businesswire.com/news/home/20220830005201/en

Copyright BusinessWire 2022.

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