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.
About Toyota
Toyota (NYSE:TM), creator of the Prius hybrid and the Mirai fuel cell vehicle, is committed to building vehicles for the way people live through our Toyota, Lexus and Scion brands. Over the past 50 years, we’ve built more than 30 million cars and trucks in North America, where we operate 14 manufacturing plants (10 in the U.S.) and directly employ more than 44,000 people (more than 34,000 in the U.S.). Our 1,800 North American dealerships (1,500 in the U.S.) sold more than 2.8 million cars and trucks (nearly 2.5 million in the U.S.) in 2015 – and about 80 percent of all Toyota vehicles sold over the past 20 years are still on the road today.
About Priority Power Management
Priority Power Management, LLC is a leading Texas-based independent energy management and consulting services firm to large commercial, industrial and government customers. Priority Power Management provides unbiased and objective energy management services in the areas of energy information, supply and risk management, demand-side management and energy infrastructure solutions. Since its establishment in 2001, Priority Power Management has grown to procure and manage approximately $1 billion of annual energy spend on behalf of clients from its offices in Midland/Odessa, Dallas/Fort Worth, Houston and Abilene. For more information about Priority Power Management, LLC visit www.prioritypower.net.
About MP2 Energy
MP2 Energy is a full service power company, serving approximately 1,100 MW to commercial and industrial customers in Texas, Illinois, Pennsylvania and Ohio. The top-tier company integrates capabilities across its core services from plant development, plant management, demand response, and retail electric supply to the end-use customer. The company handles all other aspects of power markets, such as asset management, commodity hedging, solar installation and offtake, wind and distributed generation, and solar retail products for residential customers in Texas.
MP2 was recently recognized on DNV GL’s Channel Partner Market survey for customer satisfaction and ease of doing business, and ranked No. 1 in overall satisfaction on ERCG’s National ABC Broker Survey. In 2014, the company was honored with The Energy Professionals Association’s inaugural Supplier of the Year award. For more information, visit www.MP2energy.com.
