NB Power partners with Stash Energy as part of Shediac Smart Energy Community Project

Source: · NB POWER· | October 27, 2021

Source: NBPower

Fredericton – NB Power is partnering with New Brunswick’s Stash Energy to use the company’s unique technology as part of the residential research component of the Shediac Smart Energy Community Project.  Stash heat pumps will be installed in up to 50 participants’ homes by spring 2022.

“It’s incredible to be able to work with a New Brunswick company like Stash in solving the big problems facing utilities across North America”, said NB Power’s President and CEO, Keith Cronkhite. “Their technology is unique in that it provides the kind of heating and cooling our customers want in their homes, while providing utilities the opportunity to move the need for energy for heating to off-peak times with the benefits flowing to both parties”.

The Stash Energy heat pump is the only mini-split heat pump on the market with built-in thermal energy storage and a smart grid and smart home-ready thermostat. It provides flexible heating and cooling for year-round comfort while both supporting the needs of the electrical grid and lowering customer energy costs. The real advantages come in jurisdictions with time-of-day electricity pricing at the units can be charged during cheaper off-peak hours and discharged during more expensive on-peak times.  This is part of the testing in the Shediac project.

“This project is going to demonstrate how the Stash heat pump not only saves customers money and reduces their household emissions but supports NB Power in its efforts to reduce its emissions and energy costs for all ratepayers”, said Stash Energy’s Director of Business Development and Regulatory Affairs, Dan Curwin. “By lowering peak electricity demand with our unique energy storage solution, NB Power will be able to integrate even more renewable energy and give itself more opportunity to export electricity during peak times to New England.”