September 24, 2020 04:00 AM Pacific Daylight Time
SAN DIEGO–(BUSINESS WIRE)–XENDEE Corporation and Rocky Mountain Institute (RMI) are expanding their strategic partnership to collaborate on the development of techno-economic Microgrid software solutions that support global carbon emission reduction goals.
“The key to reaching global carbon emission goals is alignment between business interests, public needs, and financing opportunities,” said Adib Naslé, CEO of XENDEE. “Our strategic partnership with RMI delivers more advanced Microgrid financing and design optimization methods to our customers so they can achieve superior business outcomes from clean energy systems for airports, mines, and heavy industry. These entities comprise some of the largest contributors to climate change and thus the largest share of the solution.”
To enable business and public alignment on climate change, XENDEE has incorporated RMI’s deep body of knowledge on Microgrid project financing as an integrated part of its Microgrid decision support software platform. Customers can easily optimize a Microgrid’s design and operation based on the real lending terms a financier provides. Customers can also analyze the impact of different loan terms and technology replacement financing options to determine the optimal percentage of a project’s capital costs to finance in order to achieve the life-time economic goals of their project.
“Integrating finance and technology optimization at the first stage of Microgrid modeling ensures that the project is being designed for real world applications, and makes it easier for customers, financiers, and energy providers to see eye to eye from the beginning through the end,” said Ned Harvey, Principle, RMI.
“A disconnect between real world financing and technical modeling remains one of the largest barriers to widespread adoption of Microgrid technologies,” said Zack Pecenak, Ph.D., Lead Engineer of XENDEE. “The integration of realistic financing terms into XENDEE is the first instance of projects being optimized around the exact terms they would receive to implement the project, guaranteeing transparency to the financier and the most accurate returns possible to the developer.”
About XENDEE: XENDEE develops world-class Microgrid decision support software that helps designers and investors optimize and certify the Fight-Through™ resilience and financial performance of projects with confidence. The XENDEE Microgrid platform enables a broad audience; from business decision makers to scientists, with the objective of supporting investments in Microgrids and maintaining electric power reliability when integrating sources of renewable generation.
About Rocky Mountain Institute: Rocky Mountain Institute (RMI)—an independent nonprofit founded in 1982—transforms global energy use to create a clean, prosperous and secure low-carbon future. It engages businesses, communities, institutions and entrepreneurs to accelerate the adoption of market-based solutions that cost-effectively shift from fossil fuels to efficiency and renewables. RMI has offices in Basalt and Boulder, Colorado; New York City; the San Francisco Bay Area; Washington, D.C.; and Beijing. More information on RMI can be found at www.rmi.org or follow us on Twitter @RockyMtnInst.