Manahan, who joined Edison earlier this year, is heading the firm’s energy storage team and building out its storage capabilities and offerings as client demand surges. “If that ROI is there, it’s a cash-smart way to build out your infrastructure from an energy perspective,” he said. Manahan calls battery storage a “no-brainer” for leveraging a host of purchasing mechanisms including capital expenditures, leases, and power purchase agreements. There are plenty of benefits to that, especially if energy savings reflect an attractive ROI. As a bonus, utility bills can be reliably projected for 10-plus years.” With solar and storage technologies, you can minimize energy expenditure while stabilizing energy expenses, protecting yourself from future risk in the utility environment. “From an accounting perspective, energy has traditionally been easily understood, but that is changing due to volatility in the utility environment. “The utility environment is changing, which has caused energy bills to increase faster than normal,” Manahan said. EIA survey, battery purchasers cite using more than one application for a system, with respondents increasingly using battery systems to store electricity when prices are low and discharge electricity when prices are high–a strategy known as price arbitrage. during 2021, from 1.4 GW at the end of 2020 to 4.6 GW. The capacity of utility-scale battery storage more than tripled in the U.S. Yet despite these challenges, battery storage adoption is growing at an unprecedented pace and scale. It’s been a turbulent time for the energy sector. Kyle Manahan, Edison Energy’s Senior Manager of Energy Storage, discusses advances in battery storage innovation, the complexities of the regulatory landscape, and game-changing legislation. SeptemBattery storage is defying energy sector challenges, with risk mitigation and positive ROIs driving mass adoption
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