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Solar Developer Launches Solar Block/Index Power Purchasing Strategy, Aimed At Retail Choice States

April 28,2017

7X Energy, Inc., a developer of utility-scale solar, announced the availability of "SolarBlocks," which it described as the first block-and-index power purchasing product in which the blocks of energy are generated by a greenfield solar plant developed by 7X Energy.

"Traditionally, blocks are supplied by a variety of generation sources on an energy buyer’s local grid," the company said

SolarBlocks is designed for commercial and industrial (C&I) energy buyers in Independent System Operator (ISO) markets with retail choice that want to procure some of their energy from renewable sources, but seek more flexibility than a traditional 20-year, fixed-price power purchase agreement (PPA) allows.

Under 7X Energy's program, blocks of usage are provided by the solar units, and, "[a]ny additional or off-peak usage is procured from a customer’s retail energy provider through the wholesale market either at indexed real-time prices or through additional short-term block purchases."

"SolarBlocks provides a familiar energy procurement experience that allows companies to continue working with their current energy retailer while enjoying the benefits of buying solar energy," the company said

7X Energy   Solar   Pricing   New Products  

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