Monday, December 14, 2020

The Air District has awarded a loan guarantee to Gridscape Solutions, a developer of renewable energy microgrid solutions in California. Gridscape’s microgrids integrate several technologies, including solar panels and lithium-ion battery energy storage systems, to provide renewable power, clean emergency backup power, and grid resiliency. 

Spare the Air Status

Gridscape developed a proprietary, intelligent software called EnergyScope™, a distributed energy resource management system that optimizes microgrid assets and supports backup power and islanding.

This loan guarantee is the second project under the Air District’s Climate Tech Finance program. In partnership with the California Infrastructure Economic Development Bank and the Northern California Financial Development Corporation, the Climate Tech Finance team led a technology qualification and greenhouse gas analysis that deemed Gridscape eligible for a 90 percent loan guarantee. This loan guarantee supported Gridscape in securing a line of credit with River City Bank. 

The core value of Climate Tech Finance is to support innovative climate projects, and the Air District’s greenhouse gas analysis ensures that new technologies will reduce short- and long-term greenhouse gas emissions. Gridscape Solutions focused on deploying state of the art Microgrid integrated with EV charging solutions aimed at reducing overall energy cost for a site and providing backup clean emergency power during Public Safety Power Shutoffs or other power disruption events. The Gridscape microgrid system, proven in over 15 recent microgrid installations in California municipal and commercial facilities, has pioneered the product centric approach of a microgrid. Gridscape Microgrid BESS system (“Microgrid-in-a-box”) contains all the necessary hardware and software (EnergyScope) pre-assembled in an outdoor rated enclosure which makes it possible to install a larger number of microgrids in California in the near term. Gridscape’s projects are estimated to reduce 2,200 metric tons of carbon dioxide equivalent emissions per year.

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Last Updated: 12/14/2020