Battery Energy Storage:
Storing Savings Along with Backup Power
Universities, hospitals, multi-unit residential complexes and energy-intensive industries face high electricity bills. We design and install the customized behindthemeter lithiumion battery systems that cut electricity costs by avoiding pricey peak electricity and delivering the energy stored in the batteries on demand. When there’s a utility power outage, our battery installations keep critical systems running.
And for some large customers, battery storage saves even more on electricity bills by allowing them to stay clear of the potential costs associated with peak demand as they draw on their own stored power. There are additional benefits as battery storage can be tapped both to improve overall power quality and to provide more power capacity without paying the utility to upgrade service.
Giving the primary function of batteries, namely to receive electricity and release it as required, they’re the ideal technology to respond to the variable pricing of electricity from utilities: charge the battery at night when prices are low and draw on the battery during day when utility prices are high.
More battery installations are appearing on commercial and industrial sites as well as the properties of other large power users. The decreasing cost of battery storage is a factor. Consider that recently the cost of a lithiumion battery pack was $200 per kilowatt-hour down from an average price of $1,100 per kilowatt-hour in 2010.
Using battery storage systems to power a business energy strategy: it’s like stockpiling electricity along with the savings and reliability.