With no upfront costs, Green Charge’s battery-driven energy storage solution helps large energy users reduce costs associated with peak power demand charges.
Green Charge 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. 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 and customers. Green Charge’s portfolio of projects totals more than 45 MWh, with current customers including municipalities, school districts, retailers, industrial facilities, and multi-unit housing.
Why you should care
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 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 a combination of energy storage and clean energy.