Shared Link
CEO, Cinnamon Energy Systems
- shared on November 30, 2017
- 541 views
- Follow
The Economics of Commercial Energy Storage Systems - Cinnamon Solar
There is no doubt in my mind that Energy Storage Systems (ESS) will be as ubiquitous as solar – in all market segments. Utility companies are installing these systems to balance their intermittent demand and generation of electricity. Homeowners will install these systems for backup power and to store their daytime solar power for use at night. But for pure economic reasons, perhaps the most compelling market of all is for commercial and industrial (C&I) building operators.
Electricity bills for commercial and industrial buildings are composed of two charges: energy usage (measured in kwh) and demand charges (measured in kw). C&I customers often pay thousands of dollars a month for the peak power demand they encounter during any 15-minute period. Depending on the equipment being used in the building, these demand charges can exceed the energy usage charges. For example, a facility’s average demand may be 100 kw ($2,000 a month with a $20/kw demand charge), but for several hours a month the demand may spike up to 300 kw ($6,000 a month). An ESS that senses when these demand peaks occur – and then discharges batteries instead of drawing power from the grid – can completely eliminate these high peak demand charges
To learn more about the economics of commercial energy storage systems — and why these systems are rapidly gaining market traction — Listen up to this week’s Energy Show on Renewable Energy World.
Discussions
Sign in to Participate
Not a member? Registering with Energy Central allows you to connect with a network of more than 200,000 global power industry professionals.
Member since 2008
Technician, n/a
This is pure skulduggery. They drive up the costs of electricity with renewable mandates so that peak power usage becomes expensive and then they peddle battery technology that normally would not be attractive. The peak power that was normally overhead power by conventional plants is now used to offset renewable intermittency brown and blackouts.
Member since 2008
Technician, n/a
When I look at these aircraft I have to laugh. They better have good sailing qualities and what extra fright they could be carrying is taken up by batteries. And what of emergencies, fight worthiness in storms. Not the meager flight time makes them very dangerous to fly in.
A nuclear powered aircraft would be more viable. But no it would not solve climate warming.
Member since 2008
Technician, n/a
2nd entry entered in error.