Energy storage needs have intensified following the shift from fossil fuels and the most common types of sustainable generation being weather dependent. This dependence creates challenges for utility companies who must maintain supply even when there is not enough wind, rain, or sun.

To address this, the utility companies have started to incentivize consumers to install energy storage systems, which evens out the imbalance of supply and demand, reducing the pressure on the grid.

In a carrot and stick approach, utilities have been raising the cost of capacity (demand charges) during peak times to incentivize a reduction in use, while also providing excellent energy storage rebate and incentive programs.

Both financial and power security concerns have been the driving force behind both commercial and utility-scale energy storage projects, culminating most recently in Tesla, building a 100mw battery storage facility in Australia.

Having a good understanding of energy storage technologies, local drivers, base economics, and return on investment is the cornerstone to a successful implementation.

The analytical team at Vervantis has over 100 years’ experience in modeling and evaluating distributed generation projects which bring operational and commercial value. Our energy storage expertise is available on-demand to support any aspect of your project, from viability to installation.