New Energy Cost-Benefit Models Demonstrate Profitability of Perfect Power
FOR IMMEDIATE RELEASE:
July 26, 2007
Contact:
Crystal Borde
(202) 331-4323
cborde@vancomm.com
PRESS RELEASE
New Energy Cost-Benefit Models Demonstrate Profitability of Perfect Power
Perfect power is possible and now the Galvin Electricity Initiative can prove it. With the assistance of the Initiative’s new energy value models – available to the public at no cost – decision-makers will now be able to assess the cost benefits and profitability of implementing a power system that will not fail the consumer.
Developed by Initiative researchers and now available at www.galvinpower.org, the Galvin models contain formulas that allow organizations to determine the costs and return on investment of transforming their current relatively unreliable, insecure and inefficient power system into a new, smart, ultra-reliable electric energy distribution system.
Designed for use by engineers, developers, investors, policymakers and others, the models focus on two types of smart system architecture that meet the performance standards of Perfect Power: building-integrated power systems (BIPS) and microgrids. The value models transcend traditional cost-based analyses by quantifying consumer and societal value associated with reliability and quality, and including these components in the calculation.
“Power outages cost Americans about $150 billion each year, an expense that would be eliminated by implementing an ultra-reliable Perfect Power System,” said Kurt Yeager, executive director of the Galvin Electricity Initiative. “Through these free value models, for the first time, business leaders can prove that Perfect Power is not only the right energy choice, but now it can be affordable and profitable for their businesses as well.”
The BIPS value model focuses on optimal power supply systems for individual buildings and features innovative technologies for generation, energy storage, communications and controls. The microgrid value model focuses on linking building-integrated systems together to take advantage of shared power generation and storage to augment the bulk grid power supply.
To demonstrate how the models work, the Initiative also makes available to the public several case studies using the value models for different types of organizations, like a convenience store, a large office building, a residence and a hospital. The case studies are recommended starting points for users and illustrate that Perfect Power is possible for any business, regardless of size or type.
Besides the direct cost-benefits for organizations adopting Perfect Power systems, there are significant social benefits to this transformation as well. By using Perfect Power energy system architecture, organizations will be able to use energy more efficiently, decreasing energy demand on the overworked U.S. electric grid and protecting the environment.
The models, case studies, users’ guide and background information are available to the public for download at the Initiative’s Web site at www.galvinpower.org.
The Galvin Electricity Initiative, launched by former Motorola chief Robert W. Galvin, is leading a campaign to transform the nation’s obsolete electric power system into a Perfect Power System that can truly meet consumers’ needs in this new century. Galvin’s vision for this transformation includes a major technical update of existing systems that allows for consumer control of energy use, as well as the interconnection of smart microgrids and distributed generation systems around the country to benefit consumers and suppliers alike.
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