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Elevation secures $6M from DOE to launch residential energy solutions

Elevation

Elevation, a fully integrated residential energy solutions provider, announced this Friday it secured up to $6,65 million in funding from the Department of energy to launch energy efficiency solutions to buildings across the US.

Firstly, the funds come from a broader strategy from DOE that seeks to expand the network of grid-interactive efficient building communities nationwide to optimize their energy consumption; substantially decreasing carbon emissions and energy costs.

Moreover, such an initiative is the Connected Communities funding opportunity with a $65 million funding wallet. Elevation’s funding award will serve to deploy distributed energy resources in 1,000 new and existing homes across the nation.

In addition, as part of the project, Elevation will partner with the nation’s leading utility; research, and residential teams to deploy a comprehensive mix of energy resources. Those partners would be Duke Energy, Meritage Homes, Energy Hub, IBACOS; Tierra Resource Consultants, Energy and Environmental Economics (E3), and the National Renewable Energy Laboratory (NREL).

Furthermore, the team will deploy an integrated monitoring and control platform. Such would optimize the energy use of distributed energy resource (DER) technologies to 1,000 single-family and multifamily homes.

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Elevation on a missions to improve residential energy solutions

Indeed, the DER technologies will provide 3.8MWs of aggregated flexible load within a single operating platform; particularly to serve the needs of Duke Energy’s North Carolina service area.

On the other hand, the system will also gather data on aggregated grid impacts; prove a model for delivering flexible distributed energy at scale. This is indeed is an important element in reducing the amount of energy these homes require during periods of peak demand; consequently reducing carbon emissions.

About Elevation’s award, Greg Fasullo, CEO, said. “Elevation is on a mission to change residential energy by not only deploying clean energy solutions but also deploying technologies that help utilities ensure resource adequacy and grid resiliency while transitioning to a zero-carbon future.”

Finally, he remarked. “We are honored to be selected and to partner with this great group of leaders and look forward to deploying our grid resiliency solutions at scale in this pilot.”

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