Electriq Power Holdings, Inc., a provider of intelligent energy storage and management for homes and small businesses, announced the signing of an agreement with the City of Goleta, launching a new program to deliver affordable, sustainable and resilient energy to Goleta residents through fully financed residential solar-plus-storage microgrids.
Through the program’s City-vetted Power Purchase Agreement (PPA), called the PoweredUp Network, all Goleta homeowners, regardless of means, will have access to a turnkey, distributed home energy solution, including smart battery storage. By signing up with the PoweredUp Network, residents can protect themselves and their homes from rising utility rates while creating a more resilient local grid infrastructure, furthering the City of Goleta’s renewable energy goals.
Electriq’s PoweredUp Network offers turnkey energy solutions that include everything needed for home energy independence – solar panels, batteries, software, project development, financing, installation, and grid services – with no up-front costs. These systems are available to homeowners in select geographic locations, regardless of income or credit history, including low- and moderate-income households. No credit checks or property liens are required.
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“We are delighted to work with the City of Goleta to provide all its homeowners with the same opportunity to access sustainable and resilient energy, whatever their income,” said Frank Magnotti, CEO of Electriq Power. “In addition to its admirable goals around moving to 100% renewable energy, we know Goleta is also strongly committed to energy justice and equity in that transition. At Electriq, we believe that access to clean, dependable energy should not be limited due to financial constraints and are delighted to be a partner in helping the city reach its goals.”
In addition to the City of Goleta, Electriq entered into a similar agreement with San Luis Obispo Climate Coalition earlier this year and with the City of Santa Barbara last year. The PoweredUp Network program is available to homeowners throughout Santa Barbara and San Luis Obispo Counties and soon will be available to homeowners in the City of Goleta. Interested customers will be able to learn and sign up for the program at PoweredUpNetwork.com.
By connecting organizations, companies, cities and municipalities, and their local homeowners into sustainable community networks, Electriq is enabling a shared vision of making the planet a better place. Through these collaborations, as well as by providing a comprehensive solution portfolio, Electriq’s PoweredUp Network makes it possible to deliver complete, clean, affordable and resilient energy to all homeowners.
SOURCE: BusinessWire