Entering energy storage is natural extension of the company’s broader ambition which is to provide a diversified portfolio of energy solutions. Their value proposition is a long-term contract at or below retail electricity prices with no up-front costs. SolarCity is best known as a third-party owner of solar PV systems. In addition, the move is likely to increase concern and discussion around rate design in these select markets. ![]() However, if storage follows the path of solar, rapid cost declines could result in additional viable markets.Īs a result, SolarCity’s move could encourage growth of microgrids and increase third-party competition in markets with favorable economics and high demand charges. SolarCity’s storage offering is limited to markets with high electricity prices and demand charges. The combination can remove the intermittent nature of solar and provide power over a greater number of peak hours.Ĭosts remain a key issue for the widespread adoption of energy storage. The pairing of solar and batteries could have significant implications for the solar industry and electric utilities. The company states the system automates the discharge of stored energy to optimize utility charge savings for customers.The systems-which require no behavioral or operational change by the business-address demand charge management, reduce peak demand, and provide emergency back-up power during power outages.The commercial systems are provided with no up-front cost through a 10-year service agreement, along with lower energy costs from day one.The storage system, always in tandem with solar, will be offered in regions of California serviced by PG&E and SCE, areas of Massachusetts serviced by NSTAR, and areas of Connecticut serviced by Connecticut Light & Power.SolarCity expects to build and finance 30 to 50 commercial solar-battery systems next year. ![]() SolarCity is getting into the commercial energy storage business by installing and financing behind-the-meter solar-battery systems and smart software in California, Massachusetts, and Connecticut. Strategy Development and Implementation. ![]() Rate Case Planning, Management, and Support.Performance Assessment and Benchmarking.SolarCity will also aim to take product overeas to island nations with poor power grids, although the bulk of its microgrid business will focus on North America, the newspaper said, with the company aiming to create economies of scale to rival GM or Siemens, which often retail around $US10 million. It said id would design and install each project "with a system of software-based monitoring and controls that manage the mix of distributed energy resources and utility power to maximise savings". SolarCity said the product, called GridLogic, would come with financing options, including payment programs with "little to no upfront cost", with the microgird to "provide electricity to communities for less than they pay for utility power with the added benefit of backup power for emergency services". "Traditionally, microgrids have been used in campuses, medical facilities and military bases, and we will pursue some of those opportunities if they become available," said SolarCity's Daidipya Patwa, according to the Mercury News. "But our primary target is municipalities, communities and areas with a weak grid or no grid at all."
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