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Green Charge Networks nominated 2 years in a row at Energy Storage North America

Aug 28, 2014
Energy Storage North America (ESNA), the most influential gathering of policy, technology and market leaders in energy storage, today announced finalists for its 2014 annual Innovation Award, recognizing excellence in energy storage project development. The nine Innovation Award finalists represent excellence in installed energy storage projects across three categories: utility-scale, customer-sited (commercial, industrial, or residential), and mobility (electric vehicle charging and surrounding infrastructure).

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Green Charge Networks Raises $56 Million to Boost Smart Energy Storage

Jul 30, 2014
Making smart, efficient use of distributed clean energy resources is a key enabler in order for a more sustainable U.S. energy mix to fully mature. Santa Clara, California’s Green Charge Networks (GCN) has been carving out a niche for itself in the nascent, growing U.S. smart grid-energy efficiency market space. It sets itself apart by leveraging the latest in battery storage technologies, its own proprietary energy management algorithms and software, and zero-down, results-based customer Power Efficiency AgreementsSM (PEAsSM).

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Green Charge Networks Bags $56M to Expand Smart Battery Market

Jul 30, 2014
Traditionally, batteries have had few uses in commercial buildings. But a handful of companies are reinventing batteries, making them connected devices that can cut utility bills without an upfront investment. Santa Clara, CA-based Green Charge Networks said Tuesday it has raised $56 million from K Road DG, a private equity firm focused on distributed energy, to scale up its business. The company intends to expand from operations in New York and California into Texas and Hawaii, a company representative says.

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Green Charge Networks Banks $56M From K Road DG to Finance ‘No-Money-Down’ Energy Storage

Jul 29, 2014
An emerging energy storage player just received a very big chunk of capital. Green Charge Networks, a startup deploying energy storage equipment for commercial customers, just raised $56 million from K Road DG to expand its no-money-down energy storage program. The firm claims that the $56 million round is "the largest amount of capital raised by any company in the intelligent energy storage space." (Tesla and SolarCity might take issue with that claim.)

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Green Charge Gets $56 Million for Zero-Money-Down Energy Storage

Jul 29, 2014
Green Charge Networks LLC, a closely held provider of energy storage, received $56 million to deploy its systems without selling them. The company plans to own and operate the storage units and offer customers so-called Power Efficiency AgreementsSM, or PEAsSM, similar to rooftop-panel leases where consumers don’t have to pay anything upfront, Santa Clara, California-based Green Charge said today in a statement.

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Green Charge Networks Gets $56 Million Infusion

Jul 29, 2014
Energy storage company Green Charge Networks, which sells its GreenStation technology under a financing model similar to the one that has boosted distributed solar, just got another $56 million to help finance installations in commercial accounts and schools. Green Charge customers already include 7-Eleven, Walgreens and UPS, as well as school campuses and cities in New York and California.

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Cutting Energy Costs For Businesses, Green Charge Networks Raises $56 Million

Jul 29, 2014
Armed with nifty energy management software, thousands of Samsung lithium-ion batteries, and $56 million in outside financing, Green Charge Networks is looking to change the way companies pay for power. If the issue sounds a little boring (yawn, utility bills), think about this: businesses spend billions of dollars on power — in some cases many millions more than they could — because of the ways many utilities charge companies for electricity.

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Energy Storage Start-Up Green Charge Networks Raises $56M

Jul 29, 2014
Santa Clara-based Green Charge Networks announced Tuesday a $56 million funding round, led by K Road DG. It’s yet another sign that energy storage is one of the next big sectors for clean tech. Green Charge, founded in 2009, is marketing energy storage technology for commercial and industrial customers, including 7-Eleven, Walgreens and UPS. Commercial clients are eager to reduce the costly demand charges that make up big portions of their electric bills.

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Finding the True Energy Ecosystem

Jul 15, 2014
As the lights from 4th of July fireworks fade to distant memory and as today more than 3.2 billion viewers tuned in to watch the grand finale 2014 FIFA World Cup, it’s worth considering what exactly we were celebrating in between the beers and BBQs. The 4th represents more than just the declaration of independence from the British. It’s also a celebration of the American spirit, a belief in independence and innovation. Consider then the current political drumbeats of those who would take our nation back to war in the Middle East. Though the reasons are complex, underlying the debate is the fact that despite our recent natural gas discoveries, the United States is still dependent on foreign oil.

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Cable TV boxes become 2nd biggest energy users in many homes

Jun 17, 2014
While the technology exists to make giant strides in energy efficiency, the economic incentives are often missing. In many cases, there is no connection between who pays for electricity and who decides how much electricity gets used. Steve Kelley, a senior vice president at Green Charge Networks, a Santa Clara, Calif., electronics firm that produces devices that help businesses lower their power bills, offers a case in point. The nation's shopping malls annually use hundreds of millions of dollars of electricity, he said, but their owners are often indifferent about reducing power consumption because tenants pay the bills.

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Can California Rule in Energy Storage?

Jun 2, 2014
The energy storage industry has already shown that even high-profile and well-financed ventures can collapse, as happened to Beacon Power in 2011 and Xtreme Power earlier this year. It is likely that many of California's startups will meet the same fate. "There are a ton of these kinds of still-in-R&D-phase, kind-of-science-project companies around, and I think there are some of them that are very exciting, and they could be on to something," said Vic Shao, a founder of Green Charge Networks, another Bay Area storage company. "What I find to be severely lacking is a business case."

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Why Green Buildings Are Under Attack

Jun 2, 2014
Buildings account for 40% of America’s energy use. With increased awareness of climate change, one would think that green buildings would be getting renewed support. Instead, the main proponent of green buildings, the U.S. Green Building Council (USGBC) is coming under attack for their LEED certification.

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Family-Owned Hotel in Santa Monica Shoots for LEED Platinum Certification

May 30, 2014
Hotels and tourism businesses worldwide have been keen to capitalize on travelers’ growing "eco-consciousness." Besides the potential boost in revenue from “green” marketing, ecologically sensitive and energy efficient design, building and operations can yield substantial savings; it can also reduce the vulnerability and risk exposure of hotel and tourism businesses to fluctuations in the prices of energy, water and environmental degradation. Aiming to earn Platinum-level LEED certification from the U.S. Green Building Council, the family-run Shore Hotel in Santa Monica, Calif. is installing cutting-edge energy storage and power management technology developed by Green Charge Networks.

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More proof energy storage is turning the corner (commercial buildings are on board)

May 15, 2014
The tipping point for energy storage appears to be rapidly approaching. Just as the cost of large batteries is dropping, financial incentives are rising. New York is offering $1,500 per stored kilowatt of capacity (plus an additional $800 if it is enabled for demand response). California is offering $1,800 (even more if the equipment is made in California).

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Intelligent Energy Storage that Makes "Cents"

May 7, 2014
"Green Charge Networks is a great example of how new ideas and cutting edge technology innovation can make a real tangible impact for the grid and for customers." - Jim Marston, VP U.S. Climate and Energy

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Tax Credits for Energy Storage Would Forward Renewable Energy Tech

Apr 29, 2014
By our estimates, adding intelligent energy storage to a solar project could boost investor returns by as much as 15%, all while reducing greenhouse gases and lowering stress on America’s aging electric grid. As a result, Lux Research estimates that the combined market for solar PV and energy storage will reach $2.8 billion over the next five years. Intelligent energy storage is just one of the many exciting technologies that will help us quickly, efficiently, and cheaply reduce greenhouse gases. If given the proper support, the impact will be significant.

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In the Aftermath of Earth Day

Apr 28, 2014
The challenge is integrating new renewable energy into an electric grid designed for centralized fossil fuel plants. This is why many businesses, cities, and homes are beginning to integrate energy storage with their solar PV and EV chargers, thereby avoiding expensive demand charges from peak energy use.

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How 10 innovative companies are giving energy storage a jolt

Apr 21, 2014
Green Charge has developed a way to reduce these demand charges with its no-money-down lithium-ion battery-based GreenStation energy storage solution for behind-the-meter projects up to 500 kilowatts. It is designed to complement onsite solar, electric vehicle charging and energy efficiency.

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In Some Markets, Cost-Effective Energy Storage Is Already Here

Mar 31, 2014
This week, Green Charge Networks is announcing that they are rolling out a storage program with the City of Lancaster, CA. Under its mayor, Rex Parris, Lancaster has made a commitment to be the first net zero municipality in the country.

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Look to Energy to Solve Our Drought

Mar 19, 2014
Take a drive down Highway 5 through California’s Central Valley and you’ll find more signs sprouting up than plants, all protesting the water cutbacks. The farmers blame the politicians and the politicians are blaming climate change. Everyone has a scapegoat but no one seems to have a good answer. Except, perhaps, the energy experts.

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Smarter Energy: Zero-Down Financing For Intelligent Power Storage

Mar 10, 2014
For commercial, industrial and municipal power consumers, intelligent energy storage, coupled with demand response, is emerging as an economically viable means of realizing gains in energy efficiency and paring down electric utility bills. That, in turn, may have much broader social and environmental ramifications and positive outcomes, spurring smart grid development and more widespread adoption of distributed solar, other forms of renewable energy generation and electric vehicles (EVs). And that could well lead to realizing big reductions in carbon and greenhouse gas emissions, as well as other pollutants that result from generating electricity by burning fossil fuels.

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Distributed Energy Storage Market Sees its Second Startup Get in the Zero Down Game

Mar 5, 2014
Green Charge Networks, a smart energy storage startup based in Silicon Valley has secured $10 million from TIP Capital, an energy efficiency financing provider, to offer its customers the energy storage equivalent of a solar power purchase agreement (PPA).

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Can No-Money-Down Financing Unlock the Batteries-for-Buildings Market?

Mar 5, 2014
Green Charge Networks lands a $10 million batteries-for-buildings fund.

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Follow The Money: Who Is Funding Energy Storage And Why

Mar 4, 2014
To understand how energy storage in the United States – particularly California — is heating up, just follow the money. Green Charge Networks, a Silicon Valley storage installer, announced Tuesday that it has lined up a $10 million fund from TIP Capital to finance projects. Green Charge installs lithium-ion batteries for businesses, who could forgo owning the storage equipment and pay for energy storage as a service via a long-term contract instead.

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Green Charge Receives Financing to Offer Energy-Storage Systems

Mar 4, 2014
Green Charge Networks, a provider of power-storage systems, is receiving a $10 million loan commitment from TIP Capital to offer its products to customers with no upfront costs.

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Power efficiency, Storage and Solar

Feb 27, 2014
Right about 5-7 PM or so there's a huge ramp, and that ramp is getting steeper and steeper as time goes on. And that's a problem for California, they can't bring in generation resources fast enough to handle that afternoon ramp when the sun goes down. I think energy storage is definitely a part of the solution.

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Green Charge Networks Help Save Green

Feb 21, 2014
GCN Helps Solve Energy Storage Issues

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Green Charge Networks Help Save Green

Feb 18, 2014
It is no secret that America’s aging grid needs to be reborn. Yet with the billions, if not trillions, of dollars it would take to accomplish this and ongoing fights on who should pay for the updates (utilities/consumers or state and federal governments), smart grid technologies can help immediately reduce electricity demand on the overstressed grid.

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The State of Energy Storage

Feb 14, 2014
In his State of Union speech President Obama called for a year of action. In particular he urged for a "shift to a cleaner energy economy." The chances that President Obama will be able to legislate major strides towards more clean energy in our current gridlocked Congress are slim. But 2014 might just be the year when we move towards a less energy intensive economy through smart energy storage.

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GreenStation Energy Storage Powered by Smart Grid Technology

Feb 11, 2014
Green Charge Networks’ Power Efficiency Agreement is structured to reduce the peak power demand charges of our customer’s monthly bills. This is the new revolution in efficiency savings.

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Green Charge Networks' Tiny "Peaker Plant" Saves Big Pile Of Cash

Feb 5, 2014
The nut of GreenStation is its ability to combine energy storage with predictive algorithms based on utility and weather data, which enables it to anticipate high demand and other grid disruptions including the effects of extreme weather events (as it happened, the company tugged at our sleeve just in advance of a major ice storm pushing through the Northeast which as of this writing has already knocked out power to thousands).

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Why Storage and Solar Behind the Meter Works Best

Feb 5, 2014
That pairing of energy storage and solar is critically important within the commercial/industrial slice of the market. For businesses, peak usage typically peaks middle of the day, more so than residential users who get home and crank it up in the early evening. Solar on their rooftops thus have a potentially better impact on both energy offset and demand charges.

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Building and Factory Owners must Focus on Power Efficiency

Feb 5, 2014
The reality is that collectively, electric utilities are spending hundreds of billions of dollars per year to maintain and upgrade the distribution grid with more copper. A mix of distributed storage and software intelligence can do the job at 3X – 10X less.

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Green Charge Networks contracts a megawatt of distributed storage projects in California and New York

Feb 4, 2014
Is Distributed Storage Coming to Your Neighborhood 7-Eleven?

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Reduce Power Peak Demand for Big Energy Savings

Feb 4, 2014
Leveraging its innovations in demand reduction/power efficiency software and the latest in battery storage systems, Santa Clara, Calif.-based Green Charge Networks believes it has the ways and the means to generate very healthy returns by smoothing out customers’ electricity load profiles and boosting power, as opposed to energy efficiency.

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Green Charge Networks Uses Storage to Smooth Out Peak Demand

Feb 4, 2014
The folks at Green Charge Networks are taking full advantage with their smart storage solutions designed to reduce peak demand. If you have storage available, you can spread your demand out over a period of time, which is exactly what GCN's GreenStation™ does.

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Let's Talk Power Efficiency, Not Light Bulbs

Feb 3, 2014
Power efficiency is the next frontier in efficiency savings. It requires sophisticated software and predictive algorithms; but if done right, power efficiency holds the promise of using software instead of copper to keep up with rising electric demands on the grid. And we can do it for three to ten times less cost than current upgrades.

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Why America Needs to Stop Arguing about Light Bulbs

Jan 27, 2014
We have changed light bulbs, weatherized homes and turned down thermostats for the past decade with relatively little impact. We will not solve the challenges of an aging grid, rising electricity demand and a warming climate with energy efficiency. But we might just solve them with power efficiency.

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Batteries to Bolster Solar

Jan 22, 2014
Green Charge Networks’ GreenStations, for example, decrease electrical costs for commercial and industrial customers. GreenStations have already been installed in multiple locations throughout New York City.

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Top 10 Clean Energy Developments of 2013

Jan 8, 2014
Solar PV companies are adding storage to their offerings. Green Charge Networks came into the spotlight with solutions that offer distributed battery energy storage to commercial customers.

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Five Reasons The Cleantech Industry Is Stronger Than Ever

Jan 7, 2014
As a cleantech CEO who has received $12 million in funding from the U.S. Department of Energy (DOE), I feel compelled to assure the public that U.S. tax money has not been wasted.

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Take Charge - A Roadmap to Electric NYC Taxis

Dec, 2013
Green Charge Networks (GCN) has installed a DC Fast Charger at a 7-Eleven on Francis Lewis Boulevard in Queens. This charger is integrated with Green Charge Networks’ GreenStation, which is an energy storage system that locally stores energy during periods of low use and augments grid power with stored energy during peak demand.

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DOE-Backed Distributed Storage Startup Receives First Angel Funding

Dec 20, 2013
Brooklyn NY-based distributed energy storage startup Green Charge Networks received angel funding this week from Richard Lowenthal, founder and CTO of car charging network ChargePoint. Lowenthal also will join Green Charge Networks’ advisory board.

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SEEDZ EV Workshop: CEO Presentation on Energy Storage and EV

Nov 6, 2013
The workshop focused on local trends in enterprise deployment of PEV charging infrastructure, related organizational issues and challenges. In addition, it concentrated on emerging energy management challenges, opportunities and approaches associated with PEV charging.

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7-Eleven Has Success with EV Charging Stations [with Energy Storage]

Aug 16, 2013
Green Charge Networks energy storage solutions worked with 7-Eleven as well as the U.S. Department of Energy (DOE) and several utility companies to leverage local solar generation and energy storage. This enables them to use high-powered electric equipment, including EV fast chargers, while avoiding or creating peak energy times and high energy prices.

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Green Charge Networks Announces Breakthrough in Power Efficiency using Energy Storage

Jul 8, 2013
Green Charge Networks today announced the company's next step in delivering power efficiency, using ROI-Driven Energy Storage at Intersolar North America.

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GCN and New York City's Corner-Store Smart Grid

Aug 23, 2012
Can lithium-ion batteries at 7-Eleven stores and rent-a-car EV charging stations give NYC utility ConEd street-by-street grid control?

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Commercial Buildings and Utilities – More in Common Than One Would Think

Aug 2, 2012
At first glance, utilities and commercial electricity consumers do not have a lot in common. In fact, they appear to be on the opposite end of the spectrum. One supplies electricity, while the other demands it. One generally pays, while the other gets paid. And one is often irritated with the other.

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Green Charge Networks Secures $56M in Financing for its Power Efficiency AgreementSM

7/29/2014

Green Charge Networks, a leader in intelligent energy storage, and K Road DG, announced the closing of a $56 million capital infusion. K Road DG is providing funding and strategic management assistance to Green Charge to accelerate deployment of the proprietary GreenStationTM under Green Charge's Power Efficiency AgreementSM (PEASM). The $56M round is the largest amount of capital raised by any company in the intelligent energy storage space, thus securing Green Charge Networks' leadership position in this evolving sector.

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Shore Hotel Aims for Platinum LEED certification with GCN Power Saving Technology

5/29/2014

GreenStation™, an intelligent energy storage system, combines historical energy use patterns with real-time weather data to predict demand and store and discharge energy accordingly. The system's installation will further showcase the Hotel's commitment to sustainability and propel it towards the prestigious LEED Platinum certification.

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GCN Helps California City Achieve Sustainability Goals Through Intelligent Energy Storage

4/14/2014

Redwood City First in Bay Area to Install Smart Grid-enabled Energy Storage.

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City of Lancaster to Install Energy Storage System and EV Charging Station at Lancaster Museum of Art & History (MOAH)

3/31/2014

Green Charge Networks' Energy Storage System Will Be the First in the High Desert Region.

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New $10 million Fund to Finance Energy Storage Projects Nationwide

3/4/2014

TIP Capital, a leading provider of equipment finance and asset management solutions, and Green Charge Networks (GCN), a leader in Power Efficiency, have announced a program to offer $0 down financing for GCN's retail, municipal and industrial customers. The initial commitment will consist of an unprecedented $10 million fund dedicated to $0 down energy storage financing.

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Green Charge Networks Announcing White Paper on Power Efficiency

2/18/2014

Green Charge Networks, a leader in intelligent energy storage, has announced the launch of a new white paper, "The Next Energy Frontier: Power Efficiency." The white paper addresses the rising electricity cost facing America's businesses. The paper also examines the state of energy efficiency initiatives and what will be the next frontier in savings – Power Efficiency.

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Businesses and Municipalities Look to Save Money Through Smart Grid Technologies

2/4/2014

Silicon Valley Startup Green Charge Networks Signs 1 MW of Intelligent Energy Storage.

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ChargePoint Founder and CTO Richard Lowenthal Joins Green Charge Networks' Advisory Board

12/19/2013

Green Charge Networks, a leader in intelligent energy storage, today announced that Richard Lowenthal, Founder and Chief Technology Officer of ChargePoint, has joined Green Charge Networks' advisory board. A former Mayor of Cupertino, Richard is a member of ChargePoint's board of directors, and has invested in Green Charge Networks.

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GCN Selected as 2013 Energy Storage North America (ESNA) Award Finalist

09/10/2013

Operating a 24/7 convenience store brings unique challenges, one of which is the sharp rise in demand charge in recent years. Green Charge Networks matched 7-Eleven’s high-availability needs with the GreenStationTM , which has been operating on a 24/7 basis at several 7-Eleven locations in New York City.

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Green Charge Networks Provides Key for 7-Eleven to Offer Electric Vehicle Fast Charging to New Yorkers

08/13/2013

Deploying Green Charge Networks (GCN) energy storage solutions, 7-Eleven, Inc. is the first retailer to offer much-needed fast-charging services for drivers of electric vehicles (EVs) in the New York City area.

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Green Charge Networks Announces Breakthrough in Power Efficiency using Energy Storage at Intersolar 2013

07/08/2013

Green Charge Networks today announced the company's next step in delivering power efficiency, using ROI-Driven Energy Storage at Intersolar North America (Booth #8149).  The GreenStation™ is an energy storage appliance that empowers industrial and commercial ratepayers to manage power consumption and rising demand charges.

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