8 December 2015 2015 11:15 PM GMT

Duke Energy Partners Green Charge Networks for Energy Storage Systems

Duke Energy Renewables has formed a partnership with Green Charge Networks, a provider of commercial energy storage for retail, industrial and government customers, for the sale of energy storage systems.

The agreement provides customers with “solar firming” a way to smooth the peaks and valleys of a variable energy source. It also saves customers money by offsetting the higher prices of peak demand power. Green Charge Networkswill work closely with solar provider REC Solar to market energy storage systems with REC’s solar projects. Initial focus will be on the Southern California and Hawaiian markets.

Duke Energy acquired a majority interest in REC Solar and energy management company Phoenix Energy Technologies earlier this year.

“Our goal is to make it easier for customers to combine solar and storage, so they can benefit from high quality, consistent and economical power 24/7,” said Greg Wolf, president Duke Energy Renewables and Commercial Portfolio. “In addition, through Phoenix ET, we’ll also have the ability to offer other energy management systems for those customers seeking a complete and integrated energy savings platform.”

“Energy storage adds to the list of compelling reasons why businesses should go solar,” said Al Bucknam, CEO, REC Solar. “Commercial customers save money by adding energy storage to reduce their peak demand, which can account for up to 50 percent of their electricity bill.”

Using a combination of lithium-ion battery technology and predictive software, Green Charge systems will draw power from the REC Solar system and the grid during off-peak hours, when electricity is inexpensive, and release it during peak hours, when electricity is more expensive.

August 16th 2019
Corporate Sourcing of Renewables Growing, Taking Place in 75 Countries

Companies in 75 countries actively sourced 465 terawatt hours (TWh) of renewable energy in 2017, an amount close to the overall electricity demand of France, according to the report from the International Renewable Energy Agency (IRENA). With the continued decline in the costs of renewables, the report suggests, corporate demand will continue to increase as companies seek to reduce electricity bills, hedge against future price spikes and address sustainability concerns.

August 9th 2019
Arsenal Unveil Battery Storage System: First Of Its Kind At A UK Football Club

Arsenal Football Club has unveiled a battery storage system (BSS) to store enough energy to run the 60,000 seater Emirates Stadium from kick-off to full time. It follows a unique collaboration with Pivot Power to install a 2MW/2.5MWh lithium ion BSS, with funds managed by Downing LLP. The project, the first of its kind in the UK, will also save club money as it works to support low-carbon plans. The BSS allows Arsenal to avoid peak power prices, buying electricity when it is cheap and storing it for use when prices are high. Typically, energy can cost three times more at peak times than overnight. The installation maintains Arsenal as the leader in sustainability in sport following its commitment to clean energy with Octopus Energy in 2016.

August 12th 2019
Battery Boom: Wind And Solar Can Generate Half Of Worldwide Electricity By 2050

Coal is to shrink to just 11% of global electricity generation by mid-century, from 38% now, as costs shift heavily in favour of wind, solar and batteries. Wind and solar are set to surge to almost “50 by 50” – 50% of world generation by 2050 due to reductions in cost. “Cheap battery storage means that it becomes increasingly possible to finesse the delivery of electricity from wind and solar so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. The result will be renewables eating up more and more of the existing market for coal, gas and nuclear.”

solar energy qmqr18