In a recent assessment for a hotel property in New England, the VECKTA platform modeled a solar and energy storage system with 90%+ percent accuracy of firm market bids.
The indicative estimate is automatically generated in VECKTA’s platform using the address as an input. The output is a comprehensive report that includes the estimated ideal system size, expected generation, and associated financials. After a positive business case is confirmed, the next step is to input specific energy use data into the platform to refine the AI-enabled estimates.
The property owner is now using VECKTA’s marketplace to run a competitive bidding process and receive bids from pre-qualified suppliers. By using VECKTA’s platform and marketplace, customers can go through the entire assessment process within one week and have bids in hand from the market in 4 to 6 weeks.
Empowering Energy Users with Intelligence and Tools to Maximize Onsite Energy Benefits
Using VECKTA, customers can receive high-accuracy estimates for onsite energy projects enabling them to prioritize projects with the highest return and approach the market with confidence knowing what to expect in system savings and ROI.
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Accurate<br /> indicative pricing
Data points
Bids in hand within 6 weeks
Deploying Onsite Energy with VECKTA
Step 1: Automatic Indicative Assessment
Using the address and facility type as inputs, the VECKTA platform automatically provides an indicative system estimate by pulling in 5,000 data points, including:
- Electricity consumption
- Regional solar and battery storage installed pricing and performance
- Deployment costs
- Utility energy and demand charges
- Financial incentives
- Regional grid carbon intensity
Step 2: Refine Model with Energy Load Data
For projects that meet investment and performance thresholds, the next step is to inject facility-specific electricity consumption data into the platform to refine estimates. This can be done using a bill or automatically using UtilityAPI. This subsequent step can also be rolled into the first step to fast-track the assessment process.
Step 3: Receive Bids from Pre-Qualified Contractors
Customers can go directly to the market and receive bids from pre-qualified contractors in VECKTA’s marketplace. VECKTA’s standardized RFP process and expert team empower customers to make a compelling ask to the market, without the need for in-house energy project development expertise.
