MIDLAND, Texas & ARLINGTON, Texas–(BUSINESS WIRE)–Priority Power Management, LLC (“PPM”), a Texas-based leading independent energy management and consulting services firm, announced that it has successfully negotiated and secured a unique retail electricity supply contract for Toyota Motor North America’s new North American headquarters in Plano, Texas that begins today.
Earlier this year, Toyota conducted a thorough search for an energy consultant to develop and implement a comprehensive energy supply purchasing strategy consisting of a combination of on-site renewable electric supply, off-site renewable electric supply, alternative fuel supply, and standard electric supply. Toyota selected and engaged PPM in March to fill this role.
Working closely with the Toyota team and its engineers, PPM analyzed various potential retail electric product structures based on forecasted hourly energy consumption for the 2.1-million square-foot campus comprised of office and office support, data center and light industrial use facilities. The analysis also considered the integration of different levels of solar photovoltaic (“PV”) generated power system capacity interconnected to Toyota’s campus primary distribution feeders behind the utility meter.
PPM developed specifications and managed a competitive procurement process seeking a qualified retail electricity provider that would deliver the best overall value to Toyota. The process resulted in a 5-year electricity supply contract awarded to Houston-based MP2 Energy that was unique in many ways.
The agreement included a product structure that would allow Toyota the operational flexibility to ramp up energy consumption over time, accommodations for the introduction of onsite power generation from a 7.75 MW solar PV system, the ability to receive payments from MP2 Energy for any excess power that may flow back to the grid, and the inclusion of Green-e certified renewable energy credits for all power consumed from the grid.
“This was an extremely complex engagement given the size and multi-use functional areas of the campus, not to mention the integration of the solar PV system,” said John Bick, Managing Principal. “Throughout the competitive procurement process, we challenged the conventional thinking of potential suppliers in many ways to achieve Toyota’s goals. In the end, we were successful in this endeavor and are honored to have represented such an innovative company like Toyota.”
PPM’s energy consulting and advisory services engagement with Toyota will continue throughout the 5-year term of the electricity supply agreement.
Priority Power Management, LLC
John J. Bick, Managing Principal, 972-314-9040
Toyota Motor North America
Aaron Fowles, 469-292-1097
Matthew Adams, President, 832-510-1033