Batteries for business: are we there yet?
Batteries are in vogue in the residential market and we expect the trend to extend to the commercial and industrial market in the coming years thanks to shortening payback periods.
Don’t get us wrong: while we don’t expect heavy electricity users to ever run exclusively on battery storage and solar, this combination would could help businesses significantly cut down on their energy costs. Battery storage and solar energy could even supplement baseload supply from the grid and power certain systems.
While investing in battery storage might not be economically viable for heavy energy users yet, small to medium sized businesses could greatly benefit from it and could potentially be eligible for grants and funding aimed at businesses trying to achieve better efficiency and sustainability.