Plug Into New Ideas
Federal agencies are coming under increasing pressure to pursue—and seeing increasing benefit from—deep savings via energy retrofits. This promises an exciting energy future but presents a challenge for the government given limited appropriated funds and personnel.
Battery-based energy storage is a powerful resource capable of reducing grid costs and customer bills, increasing the resilience of the grid, and supporting a largely renewable electricity system. And even though the economics of storage look good today, they’re only going to get better.
In the face of rising retail prices for grid electricity, investing in solar-plus-battery systems can insulate grid-connected customers from those increasing prices and effectively lock in a peak price that won't continue to climb, according to a recent analysis by RMI.
As the electricity industry and its ever-expanding cast of players race to provide customer solutions, keeping in mind that many customers want more than just bill savings may help to scale demand flexibility even faster than the core economic business case would suggest.
Earlier this month, energy storage developer Stem and utility PG&E aggregated a fleet of behind-the-meter energy storage systems and successfully bid into the CAISO real-time energy market. A look inside this major battery milestone.