Climate Changed
Batteries Can Cut Power Bills for 5 Million U.S. Businesses
- Utility charges make energy storage viable in most states
- Study by National Renewable Energy Lab, Clean Energy Group
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More than a quarter of U.S. businesses could lower their monthly power bills if they installed batteries to reduce peak energy demand.
Companies that have demand charges of at least $15 per kilowatt would benefit from installing battery systems, the National Renewable Energy Laboratory and Clean Energy Group found in a study of over 10,000 utility rate plans released Thursday.