Energy storage plays an integral role in many of our solutions, both as a stand-alone technology and integrated with other assets. Energy storage use-cases are varied: reducing customers' energy prices through peak shaving; supporting the grid or electric vehicle fast-charging stations; or helping to integrate solar PV and cogeneration electricity into a campus.
In addition to our work on energy storage projects behind customers’ meters, we have significant expertise developing utility focused energy storage projects. For example, we have worked with Con Edison to install front-of-the-meter systems, on customer sites in constrained areas of the grid. Con Edison can use these systems to reduce peak loads on their distribution system. Similar projects can help utilities with non-wires alternatives solutions, as well as meet energy storage mandates without sacrificing control of assets on their distribution system.
• BNEF calculates that energy storage costs have dropped by over four fifths since 2012.
• Lithium-Ion and Flow are the two most commonly used battery types.
• Despite the COVID-19 pandemic, per the Energy Storage Association, 2,156 MWh of new energy storage systems were brought online in Q4 2020 – an increase of 182% from Q3 2020. 80% was FTM.
Non-Wires Alternatives (NWAs) refer to a suite of options such as distributed generation or energy storage designed to avoid the need for traditional equipment upgrades such as transmission and distribution lines or transformers. Our ‘DBOOM’ business model where we own the solution, such as a battery, and pay the owner of the location site lease payments can help to push NWA projects forward. Full value to the utility is ensured by providing them with control over location and dispatch.