— Energy Storage Solutions Applications and benefits
Peak shaving
Peak shaving is similar to energy shifting but is used for the purpose of reducing peak demand for economy of operation. Peak shaving installations are often owned by the electricity consumer, rather than by the utility. The goal is to avoid demand charges (power fees) and the installation of capacity to supply the peaks of a highly variable load.
Benefits
- Optimize electricity consumption to reduce electricity bill - Defer investment for grid upgrades - Provide power quality support
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