Our mission at Catalyst Power is to decarbonize commercial and industrial electricity consumption as much as possible, a job that will produce significant amounts of 0 cost, 0 emissions, reliable electricity right where it is needed most, at the point of consumption. At Catalyst Power, electricity prices will get a hefty shove to zero dollars per megawatt-hour (MWh). This means to the utility reading your meter, you, our customer, will appear to be consuming less energy due to our Connected Microgrid project(s) power production at your premises.
As we continue to electrify our businesses (think EV fleet charging, ever-growing data centers for our meteorically increasing cyber economy, electric steam generation for food processing, organic produce grow lighting and heating, etc.), we will need all the help we can get in making electricity cleaner and cheaper. The marginal cost of producing renewable power generation resources that are typically carbon-free should be $0 per MWh (think solar, hydro, and wind power). As a result, the more Catalyst Power solar Connected Microgrids we build, the more free electricity will be on the market, driving down prices, reducing load, and removing thermal (think gas-guzzling, carbon-emitting) resources off the generation stack. This leads to less use by the regional grid operator, driving down the price of fuel and benefiting natural gas consumers using gas for things they can’t avoid, creating the commodity price death spiral we need to push down rates for commercial and industrial electricity consumption costs.
Why would I sign a power purchase agreement (PPA) today to discount my current rates and lock in prices if they go to $0 in one day? Well, they’ll only get there if we build more solar/battery Connected Microgrids, so if you want to be part of the solution, you have to do your part. And, when your customers and investors see your contribution, they’ll reward you by paying higher prices for your goods and services and providing you with more capital, returning more to you than just the discount on current electricity rates. Suppose you host a solar project via a PPA today for even a small proportion of your consumption. In that case, you are getting an immediate benefit, long-term price stability for that part of your need, and helping to push down the price and carbon use of the rest.
