The latest energy storage lease agreement template

What is a storage lease agreement?

A storage lease agreement, also known as a storage rental or storage space lease agreement, is a contract between the tenant and the storage facility. It includes the name of both parties, contract termination details, terms and conditions, payment details, description and location of the storage unit, security information, and all other necessary information.

What is a solar lease agreement?

This agreement is for leasing solar systems to residential customers and meant to be used by vertically integrated companies who finance and install systems. This residential lease agreement is created for companies that work with a network of third-party installation partners or financiers.

What is an energy storage tolling agreement?

Under an energy storage tolling agreement, the developer of the energy storage system is responsible for obtaining site control, permits, interconnection rights, equipment, and construction contracts, as well as achieving agreed-upon milestones such as a target commercial operation date and a guaranteed commercial operation date.

Do energy storage tolling agreements restrict a developer's use of a battery?

As the energy stored in the battery belongs to the buyer, energy storage tolling agreements will often prohibit or restrict the developer’s use of the storage system for station service. The inclusion of this condition requires that the developer enters into a retail service contract for the system’s non-storage load.

What is an example of a round-trip energy storage tolling agreement?

For example, “round-trip efficiency” is analogous to “heat rate”, and “availability” generally pertains to the same function under both types of agreement. In an energy storage tolling agreement, there are a number of potential payments and measures of performance. Some of these variables include: