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What is peak shaving with battery storage for your Business?

For most businesses, energy consumption varies throughout the workday, with tell tale peaks and valleys. To accommodate this fluctuating demand at the macro level, utility providers also vary their pricing throughout the day: During times of high electricity demand, "peak" utility rates kick in When energy demand goes down, "off peak" pricing goes into effect, the only real constant is that you're always spending money. With on-site battery storage, however, it's possible to manage rising energy costs using a technique known as "peak shaving." How Peak Shaving with Battery Storage Works The basic concept behind peak shaving is very simple: With on-site storage, you charge your batteries whenever electricity rates are at their lowest (i.e. during off-peak hours or with your free solar energy) You then discharge those same batteries to avoid paying peak prices during the most expensive times of the day. This strategy allows you to save money without disrupting your normal operations. All electrons are essentially the same. But with peak shaving, you're only paying for the absolute cheapest ones. In effect, on-site batteries help you level out the peaks and valleys in your energy spending to ensure you're saving as much money as possible. Better still, peak shaving with batteries isn't something you must actively
manage. With the right configuration, your energy storage system can intelligently regulate charging and discharging without any direct intervention from you. It can do this in real-time as your utility provider continuously shifts its pricing by the hour, day or season. In other words, your utility bill savings accumulate automatically. And nowadays those savings can quickly add up.