Utilities Tech Outlook Weekly Brief
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For most businesses, the final measure of success is profitability. Companies need to carefully manage their expenses while keeping their prices attractive to their customers to achieve optimal profit goals. It's a cautious balancing act that requires a high degree of business expertise.
One of the crucial factors that impact the profitability of a business is operational expenses — expenses in carrying out an organisation’s day-to-day activities. The most considerable overhead expense for many companies is their electric utility bill. This isn't going to change. Energy is getting more expensive every year!
Offset your uprising operational expenses with commercial solar battery storage
Energy costs will not lower; they have already started going up. On top of that, businesses face higher payroll costs and extra expenses. It's time to seek ways to offset and take control of these uprising operation costs.
Does your business face the following issues?
• Rising electricity bills: The utility companies have modified their most expensive hours from day to evening. This means that electricity costs more between 4 pm and 9 pm, which can also be the engaged time for many businesses. The electric solutions utility cost can increase as much as 10% yearly.
• Rising payroll expenses: For many businesses that hire minimum wage employees, staffing costs will nearly double, and for few, it already has had an adverse effect. Profit margins will keep on eroding.
To be cost-efficient, businesses need to look for a solution that helps them lower their operational costs to maintain level prices for their customers.
Battery energy storage system to save money.
If your business embeds commercial solar without solar battery storage, the extra energy you produce is gone to the grid.
Solar modules generate the most energy during sunny daylight hours, usually between 11 am and 3 pm. The problem is that many businesses consume more energy during evening hours.
Using solar battery storage, you can store the excess energy you produce during the day and employ it in the evening when energy expenses are higher. It can also be stored, credited, and utilized during the summer months when air conditioning usage and the summer cost are highest.
Here's precisely how solar energy storage works:
1. Energy production: Your commercial solar produces energy during the day, sometimes as much as 12 hours, with peak production between 11 am and 3 pm.
2. Battery charging: Extra energy generation that's not used by the business during the day is used to charge the solar batteries.
3. Bank extra power on the grid: After the batteries have been fully charged, excess energy is diverted, recorded, and stored in the utility grid for later utilization by your business.
4. Battery use: In the evenings, after the solar generation subsides, and when energy consumption and utility costs are high, you will exploit the energy you stored before in your batteries.
5. Take from the grid: Since the batteries are timely used, you can begin to use any extra power you banked before from the utility grid.
6. Energy cost savings: By using solar and battery storage, you can save more money on your electric bill each month and have more control over current and future cost increases.
