May 25, 2018 | Uncategorized
Battery technology is typically used in commercial solar energy storage, storing electric energy as chemical energy when a facility’s demand for energy is higher. Most batteries use lithium-ion technology, and the systems are about the size of a refrigerator, depending on how much power the business needs. Over the past few years, this new technology has been proven to make a big impact on business’ bottom lines. Read on to learn more about their impact.
Batteries are getting a lot of attention in the energy industry because, over time, they’ve become more affordable and safer. They can be used in situations which require a lot of energy for a short period of time as well as those requiring lower amounts of energy for longer periods, making them perfect for energy storage in commercial, industrial, and residential systems.
To understand how batteries work, you must understand how companies are billed for energy use and how batteries work with solar to lower it.
Most businesses demand charges can make up 45-50% of electricity costs, so lowering them by using commercial batteries can make a big difference on the bottom line. This effect can be compounded by combining batteries with solar for even greater energy savings.
As battery costs continue to decline, businesses have an even greater opportunity to cut their energy bills, impact the environment less, and increase their bottom line.