JLM taps US$25m project finance fund to scale up ‘risk-free’ C&I offering

5/10/18 | Andy Colthorpe | Energy Storage News

Phazr underneath panels on a house

JLM Energy, a US maker of residential ’microstorage’ systems that pair with individual solar panels, is leaning on its US$25 million project finance fund to develop larger storage projects for commercial businesses.

The company launched Phazr, the panel-level energy storage devices that pair lithium batteries to PV systems to add up to five hours of storage, at the beginning of last year into residential markets in the US and elsewhere. JLM offers Phazr with 20-year warranties, which CEO Farid Dibachi told Energy-Storage.News was motivated by the fact that in his view, storage system warranties should match the length of PV panel warranties in order for customers to feel comfortable buying them.

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