The Bay Area Regional Energy Network (BayREN) has launched BayREN Business FLEXmarket, powered by Recurve, to the nine Bay Area counties. The open-source platform that enables planning, procurement, and demand flexibility for virtual power plants, Recurve's innovative FLEXmarket approach pays contractors for energy efficiency and demand response projects that deliver real kWh and thm savings.
The BayREN Business FLEXmarket is focused on helping small and medium business owners cut energy costs and put savings back into their businesses. Because incentive payments are based on actual savings, contractors can earn more than from traditional rebate programs. Higher incentives are available for projects at small and medium businesses and hard-to-reach businesses.
By paying substantially more for reductions during peak periods, the BayREN BusinessFLEXmarket is expected to deliver unprecedented energy savings for businesses that typically are not able to participate in traditional incentive programs. Increasing energy efficiency through the FLEXmarket supports California's strong greenhouse gas reductions goals. By aligning incentives with actual savings, lowering customer energy costs, and providing contractors with new opportunities for energy efficiency and demand response projects, the FLEXmarket benefits the grid, innovators in the energy space, and ultimately the Bay Area's small and medium businesses.
"As the economic recovery from the pandemic continues, energy efficiency projects are an opportunity to reduce utility bills for small and medium businesses," said Cara Bautista-Rao, program lead for the BayREN Business FLEXmarket. "The FLEXmarket gives contractors and businesses more flexibility to install energy efficiency projects that deliver deep energy savings."
"Recurve has seen marked success with similar partnerships like MCE's current FLEXmarkets supporting the grid and putting money back into people's pockets," said Matt Golden, CEO and Co-founder, Recurve. "I'm confident in the success and scaling of BayREN Business FLEXmarket and what it will provide to the Bay Area counties."
BayREN Business FLEXmarket aligns incentives for all. Customers can experience bill savings and increased efficiency, the community benefits from increased grid reliability and decreased carbon emissions, and contractors can get paid more for the value they provide to the grid. BayREN guarantees advance contractor payment of 20% of the total forecasted value for projects installed.
Contractors and energy efficiency solution providers interested in checking out BayREN Business FLEXmarket, visit https://www.demandflexmarket.com/bayrensignup.html.