Storage solutions are indispensable for any facility looking to reduce energy costs, prevent losses due to power failure, and guard the environment.
FREMONT, CA: Power management is a critical area of interest for several industrial facilities. Energy costs can be a complex operating expense for companies, so finding economical options is a high priority for managers and executives. One remedy that has been growing in popularity and effectiveness is the implementation of energy storage systems. Long-duration energy storage poses many benefits for brands struggling with energy management. Implementing such systems provides heightened control over distributed energy resources, enabling businesses to save on demand charges, offer vital backup power to guard against grid outages, and incorporate renewables and energy storage to foster sustainable and economically sound business practices.
Demand Charge Management
Many facilities are needed to pay demand charges based on their peak electricity usage. According to a study, this often represents 30-70 percent of overall energy expenditures included on a commercial electric bill. Strategic energy storage can offer significant cost savings in discharging energy during the highest periods of usage mitigates load during those peak periods, resulting in reduced demand charges.
Load shifting is a strategic tactic that can mitigate energy spending. In this case, special algorithms analyze consumption patterns and storage efficiency to decide the best time to charge and discharge stored energy, changing the highest load to non-peak hours. In this way, energy storage systems are leveraged to their maximum cost-saving ability.
Power outages can be dangerous, leading to downtime and needing a lengthy, expensive recovery process. One hour of downtime due to energy loss can cost upwards. Facilities must have systems deployed that kick in rapidly enough to enable a seamless transition from grid power to backup power. Energy storage serves as insurance against these common but preventable losses.
Power bills have two factors, including the total energy used throughout the month and peak power demand during high-use periods throughout the month. By deploying energy storage behind the meter, demand costs can be considerably reduced. The demand response administrator can address peaks in the system load with backup power to mitigate high demand costs.
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