greentechmedia.com – If you own a fast-food restaurant in Florida, then you might want to consider investing in battery storage now. That is one of the conclusions of a study looking into battery storage economics in America’s largest regulated energy state.
The research, published by a team from the School of Global Policy and Strategy at the University of California San Diego, finds many commercial and industrial users would already benefit from a positive business case for energy storage in Florida.
The study looks at the savings that could be achieved, through demand-charge management alone, by residential customers and four types of commercial and industrial users: a warehouse owner, a fast-food chain, a small hotel and a hospital.
Although residential customers would see no benefit because they are not subject to demand charges, all of the commercial and industrial users could potentially see a positive internal rate of return (IRR) on a battery investment today, assuming a low energy-storage cost estimate.
Based on an installed energy-storage cost of $620 per kilowatt-hour in 2015, the IRRs by 2020 would range from around 10 percent for the hospital to more than 40 percent for the fast-food chain.
We also got you covered Florida over here at Just Grubbin, so go stock up on those batteries.