Commercial Offer
Commercial Application:
- Renew Joule LLC ( "RJ" ) will invest 15.7 million USD to build its 10.4 megawatts (MWs) CLVHT plant on power purchase agreement (PPA) basis. PPA length will be a minimum of 20 years.
- Basic model is 10.4 MWs minimum. Production can be increased in multiplication of 10.4MWs.
- RJ will supply a useable minimum 90% of PPA. (That is, 9.36MWs from 10.4MWs plant.)
- Client pays a monthly invoice based on usage. Client has to buy minimum 80% of PPA
- Plant will be setup next to client's premises or on client's premises. For construction, O&M, 2000 square meters land required for 10.4MW CLVHT plant. 200 square meters per MW which includes switch yard and operation-and-maintenance (O&M) area.
- All statutory permission to build CLVHT plant will be taken by RJ.
- All statutory permission of usage of electricity will be taken by client.
- In PPA model, RJ will charge up to net 0.05 USD (5 cents) per kWh (unit), which includes all taxes, transmission charges, etc.
- If client wants to own the CLVHT plant, RJ will charge O&M 0.02 USD ( 2 cents ) per kwh (unit). In this option, technology rights will be remain with RJ (RJ alone provides O&M).
- RJ will operate and maintain CLVHT plant for 20 years.
- RJ will reserve rights to sell or use surplus electricity
- RJ will assist to setup fast electric vehicles charging stations, hydrogen production and storage facilities (extra charge).
- CLVHT plant will work at any altitude and temperature +176°F to -76°F +80°C to -60°C )
- Construction will take 9 months, including 30 days trial period with load and without load.