Investment picture of commercial energy storage

Why should commercial and industrial customers install energy storage systems?

There are several benefits for commercial and industrial customers to install energy storage systems at their facilities. Some of the advantages of commercial power storage include:

What are the benefits of commercial power storage?

Some of the advantages of commercial power storage include: The benefits of installing battery storage at your facility can be great; however, one must evaluate the total cost of ownership of an energy storage system to determine if it’s a good fit. Let’s explore the costs of energy storage in more detail.

Can commercial energy storage help reduce energy costs?

In addition to decreasing energy costs, commercial energy storage can also help businesses limit their carbon output and contribute to a cleaner, more sustainable environment.

What is a commercial energy storage system?

Commercial energy storage systems can be used to store excess energy generated from on-site solar panels or wind turbines or to provide backup power during grid outages or emergency situations.

How much does energy storage cost?

Let’s explore the costs of energy storage in more detail. Although energy storage systems seem attractive, their high costs prevent many businesses from purchasing and installing them. On average, a lithium ion battery system will cost approximately $130/kWh.

What is energy storage?

Energy storage refers to the capture and storage of energy. Energy storage systems play a critical role in balancing the supply and demand of energy, especially for intermittent renewable sources like wind and solar power.