LBA Realty's Battery Storage and LED Projects expected to deliver $1.9 million in Energy Savings

LBA announces initial results from its latest clean technology efforts to install battery storage and LED retrofits across eight office and industrial properties in California, Arizona, Colorado and Nevada. These projects are estimated to save the properties over $1.9 million dollars over the next 10 years. The projects were facilitated by Black Bear Energy Inc., who acted in partnership with LBA Realty.

Over the past 12 months, LBA has installed three battery storage projects at three sites in Southern California Edison (SCE) electric territory, for a combined 1.4 MW/ 2.8 MWh of indoor onsite storage. This includes a 2.5 MWh system at Park Place—which at the time it was announced was the largest indoor battery storage system in the world. To date, the three systems, which were installed between December 2016 and January 2018, are estimated to save the properties $130,000 per year. In addition, LBA recently executed two additional systems with STEM, that once installed, will bring LBA’s combined storage totals to 2MW/4.35MWh. The projects are owned and operated by intelligent energy storage from California-based firm, Stem.

The battery storage projects not only deliver automated electricity savings to the properties, but also serve California’s electricity grid, by providing on-call demand reduction to help SCE balance the grid during peak times. Four of the installations are part of SCE’s initiative to help relieve grid congestion in the West Los Angeles Basin region using a variety of methods namely energy storage. The storage systems serve to reduce the local grid’s reliance on fossil-fueled power plants and improve overall electricity reliability in the region.