Green Charge Networks to bring aggregated energy storage into CAISO market
Customer-sited energy storage is evolving into a market reality in California.
The core Green Charge business is providing smart energy storage for the CAISO market, which allows commercial-industrial utility customers to lower peak demand usage and peak demand charges that drive up electricity bills.
Storing electricity during its least expensive periods and releasing it during higher priced peak periods allows Green Charge to both reduce customer volumetric charges and reduce their highest 15-minute period usage. That in turn lowers their peak demand charge.
Aggregated distributed behind-the-meter storage is expected to become increasingly important in stabilizing California’s grid as the penetration of photovoltaic (PV) solar increases to meet the state 50% renewables by 2030 mandate.