Report Outlines Significant Savings Potential for Commercial Clients Using Energy Storage Options
Over 25% of the nation’s commercial customers could benefit from significant savings on their utility expenses when integrating storage options into their operating infrastructure.
Team Gemini integrates industry-leading technology applications for commercial and other customers to facilitate a modern utilities infrastructure. Our company developments cover needed resources like electricity, thermal energy, water, and more. But what are the benefits of using modern utilities?
Besides the broader benefits of a sustainable community, effectively dealing with resource supply and demand directly impacts utility costs. Energy storage is increasingly becoming a lucrative option to add to utility management options. As recent success stories involving microgrids with renewables have illustrated, renewable energy and battery storage are increasingly able to cover resource supply needs.
On topic of energy storage, a new report sheds light on the potential economic upside for regions across the U.S. The National Renewable Energy Laboratory (NREL) report provides helpful insights by identifying locations where storage options can most significantly impact bottom-line outcomes. The economic returns of investing in storage technologies will be seen most clearly in areas with the highest costs.
The white paper, Identifying Potential Markets for Behind-the-Meter Battery Energy Storage: A Survey of U.S. Demand Charges, details an analysis of more than 10,000 utility tariffs in 48 states.
The analysis looked at the number of commercial customers potentially eligible for utility rate tariffs that include demand charges of $15 or more per kilowatt, an industry benchmark for economic storage opportunities using current technology and pricing. The findings, grouped by utility service territory and state, are presented in a series of maps and tables in the paper.
The findings indicate that approximately 5 million [of the 18 million] commercial customers across the country may be able to achieve electricity cost savings by deploying battery storage to manage peak demand.
Many medium to large commercial customers are subject to utility demand charges, yet customers often do not understand how these charges are structured or calculated. Demand charges are a portion of an electricity bill based on a customer’s peak level of demand and are typically based on the highest average electricity usage occurring within a defined time interval—usually 15 minute intervals—during a billing period. In many cases, these demand charges can account for anywhere from 30% to 70% of a customer’s electricity bill. (For more information about demand charges, see the accompanying fact sheet here).
The charges affect private and nonprofit businesses, as well as a wide array of additional customers, including community facilities, public buildings, and multifamily housing properties.
As an increasing number of working examples showcase benefits of modernizing grid infrastructure, among the most relevant places to continue this trend are industry projects.
Specific to Team Gemini’s offerings in supplying these resources, team members like 2G Energy (combined heat and power), Viessmann (thermal energy and more), ABB (microgrids and resource management and monitoring), and A3 (wastewater treatment and conservation) contribute effective solutions. Beyond these, sustainable agriculture also comes into play, as food resources are critical for survival. These companies, among others, provide outstanding technology and service options to fulfill a variety of energy efficiency needs for countless industries.
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