EnergyOne Technologies has signed a letter of intent with the Canyon Lake Grocery Market to provide up to 400MW of solar energy and 500MW of energy storage system.

The company will lease the market’s rooftop and install a 200MW solar system capable of generating up to 1.2MW of power per day which is enough energy to offset the markets daily needs.

EnergyOne will own, operate and maintain the solar panels and energy storage systems, and sell the energy to the market under a 20-year power purchase agreement.

The company will also retrofit the markets lights and appliances with Leadership in Energy and Environmental Design (LEED) approved energy efficient equipment cutting their electric bill in half.

Upon completion of the design, application and permitting process, EnergyOne projects that it can start construction in spring 2011.