HCP Installing Primus Power Energy Storage Systems at Life Science Buildings
January 08 2018 - 8:00AM
Primus Power (“Primus”), a leader in stationary energy storage
systems, announced today that it has received orders to install
flow battery systems at multiple life science buildings owned by
HCP, Inc (“HCP”) (NYSE:HCP), a fully integrated real estate
investment trust that invests primarily in real estate serving the
healthcare industry in the United States.
Primus EnergyPods are long duration flow batteries
that generate savings by storing electricity from the grid during
times of low price and demand, and releasing it back at times of
high price and demand. The release back to the grid reduces
the electrical draw from the utility, saving money for commercial
building tenants with no impact on operations.
“At HCP, we take pride in delivering
best-in-class facilities for customers,” said Tom Klaritch, HCP’s
Executive Vice President and Chief Operating Officer.
“Sustainable building operations that incorporate renewable energy,
integrated and efficient subsystems and now, stationary battery
systems like those from Primus, provide savings that benefit all of
our stakeholders, in addition to supporting our corporate
sustainability initiatives.”
“We are delighted to work with HCP and help
their tenants save money,” remarks Tom Stepien, Primus Power’s
CEO. “Commercial customers pay premiums for peak electricity,
typically in late afternoons. A long duration battery system,
like our 5 hour EnergyPod, better guarantees savings compared to
short duration systems that have insufficient energy to catch
extended peaks. Additionally, our two decade fade-free
performance results in significant lifecycle savings over Li Ion
batteries which tend to fade 10-15% per year, as we commonly
experience in our cell phones and laptops. Commercial
buildings need the Duration without Degradation™ that Primus
provides.”
About Primus PowerPrimus Power is
a California-headquartered provider of low-cost, long-life and
long-duration energy storage systems. The Company’s flow
batteries are shipping to U.S. and international
commercial/industrial, data center, microgrid, utility, and
military customers. With technical innovations protected by
40 patents in 11 countries, the Company’s EnergyPod systems offer
exceptional reliability, modularity, and energy density at an
industry-low total cost of ownership. www.primuspower.com
About HCP HCP, Inc. is a fully
integrated real estate investment trust (REIT) that invests
primarily in real estate serving the healthcare industry in the
United States. HCP owns a large-scale portfolio diversified
across multiple sectors, led by senior housing, life science and
medical office. Recognized as a global leader in
sustainability, HCP has been a publicly-traded company since 1985
and was the first healthcare REIT selected to the S&P 500
index. For more information regarding HCP, visit
www.hcpi.com
Media contacts |
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Primus Power |
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HCP |
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Paul Ferrera |
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Andrew Johns |
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Business
Development |
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Vice President- Finance
and Investor Relations |
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+1 (510) 342-7620 |
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+1 (949) 407-0400
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A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/5c015d33-e014-4eb9-b21f-a3f53fb6c803
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