Proteus Power specializes in the development, construction, and operation of renewable energy projects and is dedicated to bringing about a more efficient and sustainable energy future. By pairing lowcost solar and wind with battery energy storage, it provides a reliable and cost-effective source of power for businesses and communities. At the core of Proteus Power’s mission is its commitment to promoting a cleaner, greener world and reducing the carbon footprint of businesses and communities.
By developing co-located utility-scale solar or wind with battery energy storage systems, Proteus Power has the ability to store excess solar and wind energy generated during off-peak hours. This allows organizations and communities to use clean energy even when the sun is not shining and the wind is not blowing.
“We believe battery storage is a viable replacement for natural gas peaking plants. We evaluate the potential of strategically locating battery storage systems across the U.S. and Canada to provide the required energy during peak demand hours and relieve potential transmission constraints that limit the flow of power at these times,” says Mike Lambros, founder and CEO at Proteus Power.
The biggest bottleneck in developing and constructing battery energy projects today is long lead times due to supply chain disruptions. Proteus Power is a leader when it comes to mitigating this challenge by properly scheduling its projects and purchasing activities. Its collaboration with established engineering, procurement, and construction players and component suppliers, such as module manufacturers and battery and inverter suppliers, enables it to complete projects faster and deliver on its promises. Proteus Power’s active involvement with industry groups that are associated with the International Organization for Standardization helps it successfully navigate the regulatory environment for battery storage and renewables.
Proteus Power’s team of industry veterans thoroughly screens and investigates all aspects of a project to ensure it is financially feasible, environmentally sustainable, and supported by the local community.
“We have found through our experience that a successful project needs to benefit not only the investors but also the local community. Our projects make a positive impact on communities by providing tax revenues to municipalities, passive rental income to property owners, employment opportunities, and an inexpensive source of clean and steady power,” says Lambros.
The first step in the process is to engage consultants who study the grid’s capacity to support energy storage in different areas. The team also focuses on projects in areas where battery capacity is required.
To ensure that each project is financially feasible, Proteus Power takes advantage of its deep expertise in the power community to secure a long-term power purchase agreement for its projects.
We have found through our experience that a successful project needs to benefit not only the investors but also the local community
In response to the increasing demand for Energy, Social, and Governance (ESG) Initiatives, Proteus Power is currently developing behind-the-meter solutions for large industrial clients to help them reduce their carbon footprint and lower electricity costs. Energy projects that combine solar PV and batteries with a minimum storage duration of six hours are a game-changer for industrial clients, as they help them meet their peak demand of over 30 megawatts and provide substantial savings over time. It also prevents typical disruptions caused by grid instability issues.
As the market for renewable energy continues to grow, Proteus Power is wellpositioned to take advantage of new opportunities and drive positive change in the industry. The team is excited about the future of the renewable energy industry and is at the forefront of addressing the critical need for carbon reduction.
