Battery Storage
Reduce Energy Costs by Storing Cheaper Electricity
Commercial Battery Storage Solutions
How can a Commercial Solar Battery System Benefit my Organisation?
Batteries are tailor made to help reduce peak demand costs, improve self-sufficiency, and create energy security.
Reduced Energy Costs
The growth in onsite electricity generation has created a demand for ways of storing surplus power for use on-site. Up until recently, the only option for those generating excess power was to sell it back to the grid via a Power Purchase Agreement (PPA).
PPA prices vary but hover around the 5 pence per Kilowatt-hour (kWh) mark. But with grid power averaging 15 pence per kilowatt-hour, it makes sense to find ways of storing self-generated electricity for self-consumption, on-site.
Storing Cheaper Electricity
Night rate electricity can be as much as 25% lower than daytime tariffs. By storing cheaper energy from the grid during lower-cost periods you can cut your costs and avoid monthly demand charges.
Commercial Battery Storage has been around a long time, but improved technologies and falling prices have created new opportunities.
Energy storage could be about to revolutionise the energy market with increased efficiencies, falling prices and a wider range of applications, allowing many more sectors to take advantage.
With the increasing share of renewable energy in the generation mix and the revenue streams associated with them, battery systems are becoming main-stream.
The Benefits of Commercial Battery Storage Solutions
Environmental Sustainability
Transmitting electricity from distant locations is costly and hugely wasteful. Utilising power generated on or near your site avoids losses, cuts carbon emissions, and lowers costs.
Store electricity Generated by Solar PV and other Renewable Energy Generation
If you have installed or are thinking about installing a commercial Solar PV system, CHP unit, gas-fueled generator, or Fuel Cell, any self-generated electricity you don’t use can be stored and used for your own purposes when needed.
More Resilient Power Supply
Adding commercial battery storage to an existing solar system will also enhance the resilience of a building’s power supply. This is one of the most important considerations for commercial operations today.
With increased demand and variable power generation, power outages are forecast to become increasingly common in some areas. With onsite solar, CHP and other self-generated electricity systems, battery storage is also becoming more popular. In a world of decentralised power generation, and more distributed grid services, battery storage systems represent an intelligent approach to creating a resilient power supply.
Battery Storage is the natural companion to self-generation.
Emergency Backup Power
Commercial Battery Storage can act as an emergency back-up solution in the event of loss of power from the grid and help your business to remain in operation.
When a company installs backup batteries, they store excess energy generated by solar or other on-site generated power. This energy is reserved for later use. If an organisation experiences a power cut or disconnection from the grid, the site can deploy the battery storage backup to access power.
Peak Shaving
During periods of peak electricity demand electricity costs are at their highest. Using your generated power to charge a storage battery for use during peak periods will cut high demand charges and peak energy prices from the grid.
Battery Storage Benefits
Benefits of On-Site Generation and Battery Storage
- Avoid the expense of purchasing power at peak prices
- Ensure supply to energy-critical sites
- Generate revenue by selling energy back to the grid
Falling Costs
Lithium-ion (Li ion) battery prices have declined around 85% over the last 10 years, making energy battery storage more commercially feasible than ever before. Low cost – high-efficiency storage batteries will enable businesses to move away from fossil fuel dependence and are set to play an increasing role in the coming decade.
The main source of site-generated power is solar, but emerging solutions such as gas-fueled generator sets, CHP units and fuel cells, mean that onsite power generation is fast gaining traction. Harvesting the power you generate and storing it for your own use diminishes your reliance on the national grid, cuts your capacity costs and increases your resilience to power outages. As battery prices drop and efficiencies increase, battery storage solutions are becoming an attractive option for many organisations.
The EAG can organise a full feasibility review of your site to evaluate the potential for a range of battery storage solutions to suit your needs. Once we have established your peak demand and analysed your consumption profile, we can determine the feasibility of your project. Depending on the viability we will provide a tailored and costed solution to you for discussion.
Future-Proofing your Business
Business electricity costs are forecast to continue rising in coming years. By generating your own electricity and using a battery storage solution you can hedge against rising costs and minimise risk. The accrued energy savings can provide a rapid return on investment.
Scalable solution
As your business grows and your site expands you can add capacity to suit your needs.
What kind or Organisations would Benefit from Battery Storage?
Battery storage works well for any site with solar panels. By reducing high monthly demand charges, commercial solar battery storage helps reduce costs. it’s a fact that installing a battery storage system used to be expensive and this limited availability for many organisations, but with falling costs and compelling revenue streams, more and more companies are purchasing or leasing their own systems.
Most people think it is only large companies that can afford backup power systems, today, however, more and companies can benefit equally from battery storage.
Is battery storage right for your business?
This depends on your current and projected energy usage, site demand and consumption profile. Our consultants will analyse the relevant factors and evaluate the options open to you and provide a detailed analysis to show you costs and benefits.
Finance for Commercial Battery Solutions
We offer a range of self-investment CAPEX and lease-purchase models.
Contact us for more information and we can assess your circumstances and provide information and advice on how energy storage systems can reduce your energy consumption and lower your costs.