Demand charges account for up to 80% of a commercial or industrial electricity bill.
Reduce Your Electricity Spend with Battery Storage
The cost of battery storage has dropped over 80% over the last decade, making it a financially viable and advisable way to address peak demand. Battery storage technology (often Lithium-Ion) is optimal to offset coincident peak demand charges without interruption to a facility’s operations. We charge our batteries when energy is cheapest and discharge when it is most expensive to reduce your demand charges and lower your bill. Battery storage also offers the opportunity to generate additional revenue by participating in Demand Response, among other ancillary grid services. See our projects.
Why Energy Storage?
Storing energy when it’s cheap and dispatching it when it’s expensive generates savings that impact your bottom line.
No Change to Operations
You don’t have to change anything about the way your facility runs; the battery just reduces cost.
Our energy storage solutions can respond in milliseconds, ensuring power consistency and quality during grid events.
Energy storage is used to store and dispatch renewable energy including solar and wind power.
Why No Two Utility Bills are Alike
How your utility and third party supplier work together to display your electricity bill varies by company and by supplier. The resulting bill makes it hard to find your coincident peak demand charges, which can comprise up to 80% of the total charge.
Third Party Suppliers and Your Bill
Third party suppliers support you in reducing the cost per kWh of the energy you consume, not the demand charges on your bill. Working with third party suppliers is one way to reduce your utility bill, there are additional ways to deliver dramatic savings. Often, coincident peak demand charges (capacity and transmission charges in PSE&G) show up on your bill from third party suppliers, rather than your utility.
What our Customers are Saying
“Convergent has a strong track record of delivering cost savings and resiliency services to large industrial customers. This energy storage offering complements the broader suite of solutions, including energy efficiency and energy management, that we already provide.”Eric BradleyGlobal General Manager Connected Energy, Shell New Energies
“We look forward to realizing significant savings from this system to help us remain competitive over the long-term. This battery system is a crucial part of our innovative, forward-looking strategy to decrease both operating costs and our overall environmental impact.”Robert MeekDirector, Global Facilities, Husky Injection Molding