August 25, 2017 Read More →

U.S. Energy Lab Sees Battery-Storage Systems Lowering Electric Bills for Millions of Businesses

Bloomberg News:

More than a quarter of U.S. businesses could lower their monthly power bills if they installed batteries to reduce peak energy demand.

Companies that have demand charges of at least $15 per kilowatt would benefit from installing battery systems, the National Renewable Energy Laboratory and Clean Energy Group found in a study of over 10,000 utility rate plans released Thursday.

While falling battery costs and rising utility fees have made it possible for savings in high-cost states such as California and New York, the study shows that storing energy can be a profitable investment for at least a million commercial consumers in Georgia, Colorado, Michigan, Texas, Florida and New England. It’s a new tool companies can use to reduce costs in addition to investments in energy efficiency, solar panels and fuel cells.

More: Batteries Can Cut Power Bills for 5 Million U.S. Businesses

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