As battery storage, BESS energy, DERs, and DERMS become more mainstream, more questions are coming up as we all get acquainted with the nuts and bolts of it all. We’ve put together this brief FAQ page to help you navigate some of the terminology and details.
The amount of savings split offered for our no-cost, end-to-end battery solutions depends on multiple factors including ISO, utility zone, tariff structures, site economics, load and system size. Generally it increases with system size, but generally customer savings are at minimum $50,000 per megawatt per year and upwards.
Our software processes over one billion data points daily, and our on-staff energy experts continuously monitor and adjust to supplement our software predictions, adding an extra layer of redundancy for customers. We employ multi-modal forecasting using both energy and weather data to achieve better accuracy. Most competitors model based on only one factor.
Battery storage systems play a vital role in reducing greenhouse gas emissions by optimizing how electricity is used and stored. Batteries are a key technology to deal with the intermitency of renewables and the increasing energy demands of our economies. These systems charge during periods of low demand, typically when cleaner energy sources like wind and solar are most abundant. By discharging energy during peak demand, battery storage reduces reliance on fossil fuel peaker plants and helps contribute to grid resiliency.
The primary methods to generate financial value with a battery energy storage system (BESS) are:
Choosing which value stream to operate for and knowing when demand spikes will happen is challenging. ºÚÁϳԹÏÍø’s Industry-Leading Optimization + Peak Forecasting software makes it simple and maximizes financial results for your facility.
The number of BOMA and LEED points depends on what features you already have in your building (in case of overlap of features you are already doing such as energy monitoring), but our solutions could provide anywhere from 3 to 12 points for your certifications.
The space required for the system is determined by the kWh rating, or capacity of the battery. For example, 4,500 kWh battery would require approximately 800 square feet, roughly the size of a four standard parking spots. Â
Development will take a minimum of 10-12 months because of permitting and procurement. However, the actual construction is very short, typically around 4 weeks, and will have little impact on your facility.
An energy storage system (ESS), sometimes referred to as a Battery Energy Storage System (BESS) consists of a battery, an inverter, and a controller. The majority of the batteries we deploy are Lithium-Ion due to their high energy density, low maintenance requirements, and strong track record of safety.Â
Yes. The batteries are UL Certified and installed in accordance with local and national Codes and Standards. The batteries are designed with multiple layers of automatic safety shutoff controls and redundant fire suppression designs. To date thousands of Li-Ion systems have been deployed across North America and this number is expected to grow exponentially over the coming years.Â
Battery degradation is one of the factors we account for in our optimization process. We evaluate whether the value generated by dispatching the battery outweighs the degradation cost, using specific degradation curves provided by each battery manufacturer.
We also factor in the cost of charging the battery. This is included in our net energy savings settlement mechanism and overall optimization strategy.
DERs is the acronym for Distributed Energy Resources. These can be anything from rooftop solar, behind-the-meter batteries, or electric vehicles. DERs can be connected behind-the-meter (at a host site) or in front-of-the-meter (into a local distribution system).
Contact us for a no-obligation discovery call to see how we can optimize your energy management strategy.Â
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