SAN MATEO, Calif., March 16, 2015 (GLOBE NEWSWIRE) -- SolarCity® (NASDAQ: SCTY), America's #1 solar power provider, today unveiled GridLogic, a microgrid service that combines distributed energy resources—solar, batteries and controllable load—to enable a cleaner, more resilient and more affordable way of providing power. SolarCity's microgrid service ensures that any community anywhere in the world vulnerable to power outages and high energy costs—including remote or island communities, hospitals and military bases—can have dependable, clean power when the grid is down. GridLogic can operate either in conjunction with or independently of the utility grid.
As with all SolarCity products and services, GridLogic comes with affordable financing options, including payment programs with little to no upfront cost. GridLogic can provide electricity to communities for less than they pay for utility power with the added benefit of backup power for emergency services. SolarCity's in-house grid engineering team will design and install each GridLogic project with a system of software-based monitoring and controls that manage the mix of distributed energy resources and utility power to maximize savings.
The first decade of the 21st century saw 3,496 natural disasters, nearly a fivefold increase over the 1970s. Severe weather events can cause prolonged power outages that cut off access to critical public resources—Hurricane Sandy alone caused more than 8.5 million power outages across 21 states. Communities around the world are seeking ways to continue to power critical resources and guarantee public safety and security in the aftermath of these events. GridLogic gives them a cleaner, more affordable way to do so.
SolarCity's microgrid service is now available worldwide. Organizations interested in learning more about GridLogic can visit www.solarcity.com/microgrid to learn more, or contact the company directly at 877-695-7652 for a consultation.
About SolarCity
SolarCity® (NASDAQ: SCTY) provides clean energy. The company has disrupted the century-old energy industry by providing renewable electricity directly to homeowners, businesses and government organizations for less than they spend on utility bills. SolarCity gives customers control of their energy costs to protect them from rising rates. The company makes solar energy easy by taking care of everything from design and permitting to monitoring and maintenance. SolarCity currently serves 16 states. Visit the company online at www.solarcity.com and follow the company on Facebook & Twitter.
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This release contains forward-looking statements including, but not limited to, statements regarding savings and resiliency. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward looking statements. You should read the section entitled "Risk Factors" in SolarCity's annual report on Form 10-K, which has been filed with the Securities and Exchange Commission and identifies certain of these and additional risks and uncertainties. We do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.