Reliability, power quality and capacity charges can make storage attractive.
Find out if it’s right for your business.
The need for power storage has intensified following the shift from fossil fuels to renewable generation due to 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, utility companies have started to incentivize consumers to install power storage systems so the imbalance of supply and demand can be evened out reducing the pressure on the grid. And, in a carrot and stick approach utilities have been raising the cost of capacity during peak times to incentivize a reduction in use.
These financial and power security concerns have been the driving force behind both commercial and utility scale storage projects, culminating most recently in Tesla building a 100mw battery storage facility in Australia.
Having a good understanding of the 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 projects which bring operational and commercial value. Our expertise is available on-demand to support any aspect of your project from viability to installation.
The cheapest unit of energy is the one you don’t use. Vervantis engineers are ASHRAE, N.E.S.I and LEED certified and expert in uncovering behavioral and operational inefficiencies. Most level one and two audits uncover 10% in energy savings with half of these requiring no capital and the rest under 2-year payback with deeper audits uncovering in excess of 30% savings.
Distributed generation takes many forms, so creating a framework which can address corporate, social and economic stakeholders is key. The available technologies, demand profiles, and your location play a big part in building the business case. Having this analysis completed by an unbiased independent specialist is just the start.
Electricity and Natural Gas are commodities that change in value constantly. To understand the best sourcing options, it helps having specialist knowledge matching business requirement to risk appetite precisely. Contracts are sourced in every competitive market and regulated utility rates are checked in the rest. Proprietary risk management solution SourceRisk™ delivers tailored purchasing strategies to larger consumers, valuing price risk daily and transacting flexibly (fixing & unfixing) in a unique supply agreement.
Sustainability reporting is streamlined with our agile and accredited financial-grade reporting software that underpins CSR programs (CDP, DJSI, GRI etc), and brings environmental strategies to life. Simplify management with supplier surveys, task assignment, automated follow-up and data collection. An independently verified process ensures data quality, and because we keep all emission factors up to date, you never have to worry about accuracy for audits.
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Whether you’re a seasoned professional, or considering your first distributed generation project, our team has the knowledge and insight to improve your process and save you more – guaranteed!