NRStor C&I L.P. (NRStor C&I), a subsidiary of NRStor Inc., and IHI Energy Storage, a division of IHI, Inc. are pleased to announce eight contracted projects based on a new Memorandum of Understanding (MOU) between the two companies. The MOU was signed on June 8, 2018. Under the MOU, IHI Energy Storage will deliver 42MWh of behind-the-meter (BTM) Lithium-ion battery solutions for transactions executed with eight commercial and industrial customers in Ontario, Canada. The energy storage projects are expected to be operational in 2019.

IHI Energy Storage is a mission-driven organization dedicated to delivering innovative energy storage solutions centered around the proprietary software suite, ESWare ®. IHI Energy Storage's obligations under the agreement will include delivery of the battery, inverter, energy storage software, temperature-controlled enclosure, full balance of plant and a full wrap of the system, including a warranty and operations and maintenance for the life of the project. IHI Energy Storage is leveraging industry expertise to execute the delivery of this energy storage project portfolio.

NRStor C&I is a leading Canadian energy storage project developer and owner of energy storage projects in the commercial, industrial, and institutional sector. NRStor C&I operates under a build, own, operate structure with the goal of reducing customers' electricity costs via revenue stacking multiple cash-flow streams, utilizing a fossil-fuel-free technology that helps customers reduce their carbon footprint.

Our team at NRStor C&I values the partnership with IHI to execute these projects, and we look forward to having their battery storage solution as part of our battery storage fleet at commercial and industrial facilities in Ontario. 

MOE HAJABED

PRESIDENT AT NRSTOR C&I L.P.

Moe Hajabed, President at NRStor C&I, comments: "Our team at NRStor C&I values the partnership with IHI to execute these projects, and we look forward to having their battery storage solution as part of our battery storage fleet at commercial and industrial facilities in Ontario. NRStor C&I is eager to assist Ontario Class A customers to reduce their electricity cost, specifically their Global Adjustment charge, without impacting their carbon footprint."

"We are very excited for the opportunity to work with NRStor C&I to increase energy storage in Ontario," Toshiaki Nishio, Managing Director of IHI Energy Storage, states. "By developing these projects, we can enable customers to decrease the impact of their energy usage on the Ontario grid while reducing their Global Adjustment charge. We look forward to the value our partnership with NRStor C&I will provide."

NRStor C&I L.P. | nrstor.com

IHI Energy Storage | www.ihi-energystorage.com