Battery storage provides a number of benefits to both customers and the electricity grid. By storing electricity it can help reduce electricity costs by charging during low price hours and discharging during high price hours arbitrage, but even more valuable can be the peak shaving or infrastructure deferral benefits that they can provide.
For some customers avoiding peak demand, either monthly or annually, can generate significant savings on their electricity bills. If you are located in Ontario, Canada than you already understand the benefits of peak shaving, where peak demand avoidance can generate over $500 / kW of savings through Class A Global Adjustment savings.
But the benefits of battery storage don’t stop there, they can help reduce the need to upgrade electrical infrastructure to your business by providing capacity at your location. So you can avoid the costs of paying your utility to upgrade your service. Further they can improve power quality coming into your building.
However, the economics of battery storage vary greatly based on your application, jurisdiction and system size. There are a number of risks to consider for some investments. What is the right system size and duration? How do the economics change if I lease the system or reduce the duration of battery?
Our team of experts can help you determine what the benefits of a battery storage system would be for you and how to value the risks and rewards of such an infrastructure investment. Further, we work with implementation partners that can design and construct your battery system, or invest in the battery system directly and share the savings with your organization.
