PRX Energy and Advanced Energy Experts have partnered to provide renewable project investment advisory and due dilligence services to private equity firms seeking investment in renewable energy projects and PPAs. PRX Energy's renewable market experience and expertise will enhance Advanced Energy's engagements with the project finance community expanding its support in gas-fired generation to include renewable projects.
PRX was acknowledged for its contributions to the 70MW solar project in Franklin County, PA. For over 12 months, PRX advised Penn State University during its negotiations and PPA structuring process to secure over 100,000 MWh or solar electricity for the next 25 years allowing it to meet critical GHG emission reduction goals related to the University's climate action plan. https://news.psu.edu/story/586711/2019/09/06/impact/penn-state-lightsource-bp-break-ground-largest-solar-project
PRX Energy presented solar market review and strategic plan to Pennsylvania's state higher education system. The colleges and universities are seeking to utilize utility scale solar in their climate action plans.
PRX Energy is presenting to a group of higher education institutions regarding the use of distributed generation and battery storage to improve campus reliability and lower demand costs. The conference is being held at Franklin College - a member of PRX's natural gas aggregation in Indiana. The group also includes Taylor University, University of Indianapolis, Earlham College, Saint Mary-of-the-Woods College and the 31 campus Ivy Tech Community College system.
PRX and PowerSecure are working together to develop distributed generation opportunities to lower demand charges for PRX Energy clients. Backup generation projects can be self funded or financed through the savings the projects create. The value proposition includes support for Demand Response commitments, reduction in capacity obligations and improved resiliency and reliability.