Electricity Storage Facility definition
Examples of Electricity Storage Facility in a sentence
At any time after the completion of the third (3rd) Contract Year, the Supplier in respect of an Electricity Storage Facility may, on no more than three (3) occasions during the Term, elect to reduce the Summer Contract Capacity and/or the Winter Contract Capacity by an amount that is not more than seven percent (7%) of the value of the Summer Contract Capacity and/or the Winter Contract Capacity (as applicable) set out in Exhibit B as of the Contract Date.
Notwithstanding anything to the contrary in this Section 2.1(b), for an Electricity Storage Facility, the replacement of battery cells, inverters or any other equipment of the Facility listed in Exhibit A on a like-for-like or substantially similar basis for the purpose of maintaining, preserving or restoring the capability of the Facility shall not be considered a Facility Amendment.