July 9, 2019
NantEnergy Shows how Solar + Storage Is a No-Brainer for Businesses in California, New Mexico Right Now
The solar + storage value proposition is increasingly a no-brainer for commercial buildings in states out West. Demand charges in California have increased by as much as 64% since 2014, and these charges can represent more than 50% of a company’s monthly energy bill. What’s more, California experienced more outages in 2017 than any other state (430+), with outages lasting an average of 117 minutes.
As these charges have increased, however, so too have grid outages, in both frequency and duration; these downtimes cost U.S. businesses billions each year. Much of the increase is due to the higher frequency of damaging severe weather events driven by climate change, making backup power vital for business customers.
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