When it comes to electricity bills, most commercial and industrial customers simply accept the charges and put a plan in place to accommodate them. However, by understanding the breakdown of their energy usage, many businesses will have the opportunity to generate substantial savings.
According to a recent report from the National Renewable Energy Lab (NREL), utility demand charges can account for between 30 and 70 percent of a commercial and industrial customer’s electricity bill.
Power management represents a critical area of interest for many industrial facilities. Energy costs can be a daunting operating expense for even small companies, so identifying economical options is a high priority for many managers and executives. One answer that has been growing in popularity and effectiveness is the installation of energy storage systems.
Long-duration energy storage, in particular, poses many benefits for brands struggling with energy management. Implementing such systems offers heightened control over distributed energy resources, allowing businesses to save on demand charges, provide critical backup power to protect against grid outages, and incorporate renewables and energy storage to foster more sustainable and economically sound business practices. Read more
