Trico Power converts underutilized commercial or industrial parcels into modular battery energy storage systems that sell ancillary services in wholesale electricity markets. The company manages site selection, permitting, interconnection, construction, and operation, using market revenue to fund a triple‑net lease that provides landowners a stable, escalated income while covering all operating expenses.
Funding
Funding not disclosed
Founders
Product
Problem
Many commercial and industrial properties sit idle or generate minimal income, while the electric grid increasingly requires flexible, distributed storage to balance variable renewable generation and aging infrastructure. Landowners lack the capital, expertise, and regulatory knowledge to develop battery energy storage systems (BESS) on their sites.
Solution
Trico Power provides a turnkey BESS development platform that turns underutilized parcels into revenue‑producing assets. The company conducts site suitability analysis, secures interconnection agreements, obtains all permits, and oversees construction of modular battery containers that can be installed on parcels as small as 0.5 acre. Once operational, the systems participate in wholesale electricity markets, delivering ancillary services such as frequency regulation, spinning reserve, and capacity. Revenue from these market products is used to fund a triple‑net lease that pays landowners a stable, escalated income while covering property taxes, insurance, utilities, and O&M. All installations meet industry safety and fire‑prevention standards, and performance data are streamed to a cloud‑based SCADA platform for real‑time monitoring and reporting.
Target Audience
The primary customers are owners of commercial, industrial, or mixed‑use properties with underutilized land (≥0.5 acre) and utilities or grid operators seeking distributed storage capacity to enhance reliability.
Features
- Proprietary site‑selection algorithm that evaluates proximity to substations, grid constraints, and land use criteria
- Full‑stack development workflow: interconnection studies, permitting, civil construction, and commissioning
- Containerized, modular BESS architecture (lithium‑ion or alternative chemistries) with a footprint under 0.5 acre and low acoustic profile
- Integrated SCADA and analytics suite delivering KPI dashboards, remote diagnostics, and predictive maintenance alerts
- Market participation engine that aggregates revenue from frequency regulation, capacity, and other ancillary services across multiple ISOs/RTOs
- Triple‑net lease structure that transfers all OPEX (taxes, insurance, utilities, maintenance) to Trico Power while guaranteeing landowner lease payments with annual escalators
- Compliance with UL 9540, NFPA 855, and other safety standards, backed by manufacturer warranties