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Minim Merger Company E2Companies To Install Patented R3Di System At Pennsylvania Pipe Manufacturer Oil Creek Plastics

Benzinga ·  Jul 1 11:44

Integrated Energy Generation and Storage Solution Will Eliminate Costly Power Disruptions While Reducing Costs and Carbon Emissions

Bonita Springs, Florida, July 1, 2024e2Companies, a leading provider of integrated solutions for power generation and distribution, will install its patented R3Di System to improve power quality and reliability for Oil Creek Plastics, a family owned and operated business in Titusville, Pennsylvania.

Located in the birthplace of the oil industry, the company has been an industry leader in the small diameter pipe and tubing market since 1972 and is known for its innovative products designed for multiple infrastructure applications. However, in recent years, disruptions in the power supply have become increasingly common at the facility, impacting production and leading to tens of thousands of dollars in downtime and material costs each month.

The facility uses sensitive electronic equipment used to manufacture large rolls of plastic pipe. When operations experienced a disruption in power, they had to restart production and recalibrate equipment.

To solve these challenges, the R3Di System will provide two megawatts (2MW) of uninterruptible, conditioned power for the building. In addition to connecting to the electric grid and a natural gas generator, the R3Di System will store energy from the facility's 1000kW solar photovoltaic panels.

e2Companies combines the system with grid optimization software and services to strategically dispatch power based on weather, market pricing, and grid conditions to make it a full-service Virtual UtilityR, the first utility-grade network of Distributed Energy Resources (DERs) operating as a turnkey, integrated solution.

The project is expected to be completed and commissioned by the end of 2025.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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