Case Study: Three years of owning and operating solar and storage projects for NC Electric Co-op
In 2018, Cypress Creek partnered with Brunswick Electric Membership Corporation on 12 solar and storage projects to provide clean electricity and additional value to Brunswick EMC’s member communities in southeastern North Carolina. Serving 79,000 members across four counties, Brunswick EMC’s mission is to serve its members with safe, reliable, affordable power at the lowest possible cost consistent with a sound economy and good management.
The solar and energy storage projects, which were originally developed by United Renewable Energy and are owned and operated by Cypress Creek, have now been producing, storing, and dispatching energy when it’s needed for more than three years and have saved Brunswick EMC members money on their electric bills. The projects generate and store solar energy when energy rates are low and dispatch energy when the demand is greatest, such as summer late afternoons or winter mornings. The projects also help Brunswick EMC meet its Brighter Future carbon reduction goals. Brunswick EMC aims to achieve 50% reduction in carbon emissions by 2030 and achieve net zero carbon emissions by 2050.
Josh Winslow, PE, CEO/General Manager, Brunswick EMC, said, “The Cypress Creek solar and energy storage systems have performed exactly how we planned. These projects contribute to our Brighter Future pledge to achieve zero-net carbon dioxide emissions by 2050, and also provide us with greater flexibility to manage our system in a way that benefits our members.”
Benefits of Brunswick EMC’s solar and energy storage systems include:
Flexibility: As energy patterns and demand periods shift, BEMC adjusts dispatch schedules to keep peak demand costs low for their consumers
Autonomy: Energy storage as a demand management tool allows BEMC to defer or avoid transmission costs and hedge against rising electric rates
Revenue for essential services: Annual property taxes for essential local services. In 2021, the systems generated $22,900 in revenue for essential local services including local schools
Cypress Creek is powering a sustainable future, one project a time. Learn more about our business here and get in touch here.
About Cypress Creek Energy
Cypress Creek Energy is a U.S. independent power producer and developer of energy infrastructure designed to meet the nation’s rapidly growing demand for reliable, cost-effective, and sustainable electricity. Built on more than a decade of experience developing, financing, owning, and operating energy assets, the company delivers integrated solar, storage, and firm capacity solutions that serve utilities, communities, and large-load customers.
Cypress Creek believes energy infrastructure should create lasting value beyond generating affordable, sustainable electricity. Through responsible development, long-term ownership, and meaningful community partnerships, the company is committed to strengthening the places where it lives, works, and builds. Since inception, Cypress Creek has commercialized 19 GW of projects and today has more than 6.8 GW of assets operating or under construction, along with a 19 GW development pipeline. Through Cypress Creek Solutions, its in-house operations and maintenance platform, their experienced team manages more than 8.6 GW of energy assets for both Cypress Creek and third-party owners across 24 states.