This Is ‘Game Changing’ for Behind-the-Meter Energy Storage

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Renewable Energy World recently reported on a potential solar software update that was called “game changing” for energy storage. Now that update is here.

More About the Release

Energy Toolbase says that its software release was designed to take an objective, third-party approach to quantifying the savings for different types of energy storage system providers. Key project variables users can define in the new release are:

  • Distributed Energy Resource (DER) combinations: modeling a standalone storage project, pairing storage with solar PV, or retrofitting storage onto a meter that already has PV
  • Storage system hardware: the electrical characteristics of the battery and inverter, such as kW power, kWh energy capacity, max depth of discharge, and charge/discharge efficiency
  • Software control strategies: the value stream(s) the software is targeting: “peak-demand shaving,” “Time-of-use (TOU) arbitrage,” or “self-consumption” 
  • Software controls restrictions: constraints on how the controls software operates, such as requiring the battery to charge from PV or preventing battery exports to the grid
  • Customer load profile: the amount of power a customer uses at different times throughout the day and year
  • Utility rate assumptions: demand charges, TOU price differentials, rate switch scenarios, and Net Energy Metering (NEM) 2.0 assumptions

More Reading

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Associated thumbnail image credit: depostphotos.com

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