Adaptive Solar Energy and Power Storage Platform for Multimetered Properties
Veritel Energy LLC has successfully demonstrated the feasibility of its innovative adaptive solar energy and power storage platform designed for multimetered properties in Phase I of its DOE SBIR grant. The project centered around the development and initial deployment of proprietary hardware and software system that manages and distributes site-generated renewable energy to multiple tenants efficiently. This system integrates seamlessly with existing building infrastructure and utility systems, making it a viable solution for aging multifamily properties often located in at-risk communities. The pilot system was installed in a multifamily building with a single master-meter, and functioned as a pilot to demonstrate a scalable model for renewable energy system adoption across similar properties. This installation not only showed potential for significant reductions in greenhouse gas emissions but also improved the economic viability of renewable installations by allowing property owners to recoup investments through increased energy savings and tenant billing. The Phase I project set the groundwork for further enhancements and testing in Phase II which will aim to apply the technology to projects with dozens of sub-meters, further contributing to the decarbonization of the built environment.