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Radford council approves developer-owned battery storage agreement to reduce peak electricity costs
Summary
Council approved a resolution authorizing staff to negotiate an energy storage services agreement with DeLorean Power (doing business as LifeShift Energy) for a developer-owned 4–8 MW battery system; presenters projected payback in roughly six years and first-year operation likely in 2027.
The Radford City Council voted Dec. 30 to authorize staff to negotiate an energy storage services agreement with DeLorean Power, doing business as LifeShift Energy, after a multi-year evaluation of battery-storage options for the city’s electric system.
Utilities staff said the agreement would be a developer-owned, 20-year arrangement in which the developer finances, owns, operates and maintains the batteries while…
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