HOUSTON, Jan. 23, 2018 /PRNewswire/ -- Tradition
Senior Living, LP (Tradition) has entered into a long-term
agreement with Houston-based Texas
Microgrid LLC (TMG) to provide Enchanted Rock's (ERock) On
Demand Electric Reliability service for Tradition's newest
campus, The Tradition-Buffalo Speedway in Houston, Texas. The project will be funded by
Basalt Infrastructure Partners via TMG, a Texas-based project company. ERock specializes
in resiliency microgrids, and will provide electrical backup
service for Tradition's entire campus, including life safety. This
level of reliability sets a new standard in the senior living
industry, as the majority of current retirement facilities do not
have complete backup power, only the backup of life safety systems.
Given Houston's proximity to the
Gulf Coast and the recent hurricanes that served as a reminder of
the limitations of our electrical grid system, electrical
reliability has become a critical component in senior living.
Through ERock's On Demand Electric Reliability service,
Tradition will be able to operate normally during power outages.
ERock's service offers the ability to shelter-in-place, preventing
evacuations that can cause significant mental and financial stress
to the community. This provides peace of mind for residents and
their loved ones and is just one more example of how Tradition
provides the highest level of service to its residents.
"We are thrilled and feel that our residents will receive a
tremendous benefit from our partnership with Texas Microgrid, which
provides Enchanted Rock's comprehensive electrical backup system,"
said Tradition Founder and CEO Jonathan
Perlman. "Through this backup, we have a system that will
continuously run all electrical for our entire community, whether
there is a hurricane or any other situation resulting in a total
loss of electrical power. This backup service will run everything
from our elevators all the way to our residents' closet
lights."
ERock's On Demand Electric Reliability service will
provide full backup for The Tradition-Buffalo Speedway. TMG owns
and ERock operates and maintains the system for the life of the
agreement, allowing Tradition to focus on its core business – the
well-being of its residents.
James Vasquez, an ERock Senior
Sales Executive said, "We are very excited about the partnership
with Tradition Senior Living. They have a proven business
model and we look forward to providing a critical service that will
differentiate The Tradition-Buffalo Speedway from its
competition. We are proud that Tradition chose ERock/TMG to
provide the microgrid technology that will set a new standard for
the industry."
About Tradition Senior Living
A Texas-based limited
partnership, Tradition Senior Living (Tradition) specializes in
developing, constructing and managing resort-style luxury senior
living campuses that offer the full spectrum of Independent,
Assisted Living and Memory Care. Its current portfolio includes two
campuses in Dallas: The Tradition-Prestonwood (2010) and The
Tradition-Lovers Lane (2015). The Tradition-Buffalo Speedway
in Houston, Tradition's first
venture outside of Dallas, is due
to open late 2018 and will also be a continuum of care.
About Enchanted Rock
Founded in 2006, Enchanted Rock, Ltd. builds and operates cost
effective resiliency microgrids that help companies efficiently
manage the risk associated with electricity interruptions. In
2010, ERock became the first in Texas to provide utility grade backup power as
a service. The company is responsible for the design, project
management, installation, and commissioning of 275 MW of
distributed generation, including 160 MW of Distributed Power
Generation projects and 115 MW of customer reliability systems. The
company currently has 90 MWs of customer resiliency microgrids
under construction. ERock is the only distributed energy company
combining expertise in energy market integration, control
technologies, and construction, translating into more reliable and
less expensive backup power for customers. ERock serves a wide
range of industries including grocery stores, senior living
facilities, travel centers, cold storage facilities, car
dealerships, higher learning institutions and critical
manufacturing facilities. For more information on ERock's unique
reliability service offering, please contact
info@erockhold.com.
About TMG
Formed in 2016, TMG provides backup generation to commercial and
industrial customers throughout Texas. The company operates highly reliable
and ultra-clean distributed natural gas engines, providing
customers with a cost-effective solution for keeping the lights on
during grid outages. TMG is a partnership between Basalt
Infrastructure Partners LP (Basalt) and ERock. Basalt is an
infrastructure equity investment fund focusing on investments in
utilities, energy and transport infrastructure in the United States, Canada and Europe.
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SOURCE Enchanted Rock, Ltd.