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. Green power specialist Pareto Energy will build a microgrid for Washington, D.C.'s Howard University. The university's tab? No upfront investment costs, according to an article in the Washington Post. The Howard microgrid will provide electric and thermal power to heat and cool the campus, although it will remain connected to Pepco, D.C.'s electricity provider. Shalom Flank, Pareto's chief technology officer, said it's too early to estimate cost savings for the university, but told the newspaper: "We're designed to cost less than their current utility service." Typically, microgrids incorporate clean or renewable energy sources. Pareto is expected to spend $20 million of its own cash on what could be a two-year project.
Quick Take: Pareto's move may seem odd, but it's a young company and microgrids are a growing Smart Grid industry segment — nothing wrong with the company's approach to proving it's got what it takes.
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