1.Coincident Peak Demand Charge Avoidance

PEAK IQ, ACDC’s energy storage intelligence software, can forecast electric system peaks and discharge the system at those times, reducing electricity costs and the need for additional generation. This is also known as “peak hitting” or “peak shaving.”

2.Non-Coincident Peak Demand Charge Avoidance

PEAK IQ can forecast a facility’s peak usage times and dispatch an energy storage system during those hours, reducing electricity costs.

3.Energy Arbitrage

Because electricity historically could not be stored, electricity prices are usually time-dependent – i.e., they are more expensive during times when people need it most (e.g., a hot summer afternoon) and cheapest when it’s needed least. Energy arbitrage takes advantage of “time of use” electricity pricing by charging an energy storage system when electricity is cheapest and discharging when it is most expensive.

4.Solar Firming

Solar firming with energy storage uses the asset to “firm” or smooth any gaps that may arise between the solar energy supply and the demand due to clouds or time of day.

5.Non-Wires-Alternative (NWA)

The power lines on which electricity is transported (“transmission” and “distribution” lines) are expensive to build and maintain, and incredibly difficult to site, as most people do not want new power lines near them. By increasing capacity and resiliency on the grid at the most strategic times, intelligently deployed energy storage avoids or defers the need to build out new infrastructure (wires), which is called a Non-Wires Alternative.

6.Capacity

Energy storage provides additional local and system capacity at the most critical times.

7.Ancillary Services

Energy storage intelligence like PEAK IQ of ACDC enables an asset to provide ancillary services to the electric grid, including Frequency Regulation and Operating Reserves.