Boston, MA (PRWEB) August 13, 2014
The Cape and Vineyard Electric Coop (CVEC) is developing more than 28 MW of solar photovoltaic installations across Cape Cod and Martha’s Vineyard at 27 sites owned by municipalities or governmental entities. CVEC will handle all financial transactions around the energy that is generated, including payments to the third-party contractor for energy production, billing of towns for their shares of that production, and distribution of net metering credits delivered by the local electric utility. The data associated with all of these transactions is extensive and must be represented accurately. CVEC selected Peregrine Energy Group to help them.
Peregrine will serve as project lead in the development and delivery of a comprehensive database and financial transaction solution for CVEC. Peregrine will develop and deliver a database that stores all the energy-related data (including kWh production, PPA prices, net metering credit rates and allocations) and connects to a QuickBooks-based financial system.
Peregrine continues to see an ongoing interest in its expertise with energy databases and its growing capacity to handle large amounts of energy data. In recent years, Peregrine has built databases for renewable energy projects, for energy efficiency programs, and for monitoring building energy use and cost. The company currently receives data for more 30,000 utility accounts directly from Massachusetts utilities every month. In addition, Peregrine collects and analyzes minute-to-minute electricity monitoring data for a number of buildings as part of its Building Performance service.
“We’re both an energy company and a data analytics company,” said Peregrine CEO Paul Gromer. We especially relish projects like this one that draw on both our energy knowledge and our expertise in organizing, analyzing, and presenting data. It’s exciting to use our skills to help extend the benefits of solar to so many communities. We are very pleased to support CVEC in such an innovative and ambitious project.”
Peregrine’s partners, Competitive Energy Solutions and Account Management Solutions, will provide additional net metering and accounting and financial management expertise, respectively.
About Peregrine Energy Group
Peregrine Energy Group provides data analysis, expertise, and tools to help public and private organizations to make better decisions about energy. An energy efficiency company with a unique expertise in energy data analysis and reporting, we deliver gap-filling expertise and guidance to help clients understand their energy picture, manage their energy use and costs, and set and achieve energy goals. We bring a deep knowledge of energy efficiency and energy use in buildings, especially in cities in towns, a thorough understanding of energy programs and policies, and a passion for making energy data easy to understand, use, and share with others.