Smart Batteries Reducing Peak Power Consumption

With no upfront costs, Green Charge Network’s battery-driven energy storage solution helps large energy users reduce costs associated with peak power demand charges.

Green Charge Networks provides customers with an energy storage platform combining scalable, cloud-based big data analytics software with battery storage systems, all with no capital outlay, as installation and maintenance costs are covered by Green Charge Networks. The system monitors a facility’s electricity usage on a second-by-second basis, storing surplus power in lithium-ion batteries for use when the demand for grid power spikes and
prices soar.
The financial savings obtained through energy storage, which, according to the company, represent 20% to 50% of a monthly electric bill, are shared between Green Charge Networks and customers. Green Charge Networks’ portfolio of projects totals more than 45 MWh, with current customers including municipalities, school districts, retailers, industrial facilities, and multi-unit housing.

Relevance of solution

Energy storage can make an important contribution to decoupling demand and supply, making it easier to integrate variable renewable energy sources such as rooftop solar photovoltaic panels or electric vehicles. Green Charge Networks offers a no-cost opportunity to enhance energy storage capacity, making carbon-free electricity generation even more attractive. The company is partnering with Duke Energy/REC on solar, ChargePoint on EV charging, and Nissan on second-life batteries, allowing an easy combination of energy storage and clean energy.

Triple Bottom Line

Environmental

The energy storage solution reduces dependence on inefficient fossil fuel-fired power plants that operate only during peak demand hours.

Social

Green Charge Networks installs energy storage at no cost, making power from renewable sources stable and valuable.

Economic

For the electrical grid, energy storage is driving a more cost-effective, resilient, and renewable energy delivery system.