Green Charge Networks, an ENGIE Company
Energy storage can reduce the cost of business’ demand charges - a part of every electric bill. Demand Charges (kW) are determined by the highest 15 minutes of use during your billing cycle. Facilities, plants, factories, or distribution centers, can pay 50 percent or more of their electric bills in demand charges and utility demand rates continue to rise. Even one sudden spike, due to variable energy use, throughout a given month can significantly increase your monthly electric bill. Energy Storage systems can lower your demand charges by providing power to your facility when you need it most and when your utility rates are highest. If your facility has HVAC systems, industrial equipment, electric forklifts, or other machines with large sudden power draws, you can save thousands of dollars a year with energy storage. This presentation will provide a complete overview including: • What are demand charges and why do they matter to your facility? • The essentials of energy storage including: o Knowing your rate tariff: o How to combine an energy storage solution with another renewable for the best ROI. o How to apply for a rebate early + other funding options • How construction facilities are saving on their utility bills using energy storage.
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