Whether to reduce high-cost demand charges to optimize energy efficiency investments, or to ensure critical operations receive uninterrupted power in case of a blackout—or both—energy storage and management are critical for businesses of all sizes. In states like California and New York, commercial and industrial (C&I) energy users pay high demand charges that can represent up to 50% of their monthly electric bill. Intelligent behind the meter energy storage helps manage the distribution of the energy by balancing out peak demand times, while also providing customers with access to real-time energy usage data. Overall, energy storage solutions help businesses better manage and optimize their facility operations to minimize economic and operational risks every day. Many companies are facing growing challenges with existing power plants being retired, renewable energy deployments increasing, ongoing power outages, and growing customer demand. In lieu of investing in costly infrastructure upgrades, California and New York, for example, are promoting the adoption of distributed energy resources (DER), including energy storage and renewable energy generation, with subsidies and mandates. With financial incentives that cover a variety of energy projects, including incentives for 30–60% of energy storage deployment costs, commercial customers are implementing energy efficiency measures, renewable energy generation, and onsite energy storage in growing numbers. The resulting growth of energy storage deployments is designed to help avoid costly upgrades and develop a more resilient grid using local generation and storage. While many behind-the-meter energy storage systems are primarily being used for commercial demand reduction, the technology is capable of a broader array of energy applications—EV charging, UPS/critical backup power, renewable microgrids, bidding into demand response programs, and ancillary services for the grid. One of the earliest companies in the market, CODA Energy ( http://bit.ly/1MPJexu ) provides advanced, UL-certified energy storage systems to C&I customers that reduce demand and energy costs in the short term, and is also helping states meet state DER goals and mitigate utility infrastructure investments in the long term. Newer market entrants, like Tesla, are exploring residential energy storage solutions to provide similar benefits in the home.
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