Sharp Electronics announced that Sunworks is choosing its SmartStorage battery system to integrate into commercial rooftop solar projects in California. The no-money-down energy storage system comes with a guarantee that Sharp will compensate customers the difference if promised peak demand reductions are not met. That’s thanks to Sharp’s predictive analytics software that manages the customer’s power needs and the lithium-ion battery system to avoid paying peak demand rates.
“Sharp’s customers are seeing the benefits of storage paired with solar, resulting in savings from expensive peak demand charges. We’re happy to offer a hybrid solar plus storage solution that enables commercial property owners to shift more of their capital to operations instead of expensive utility bills,” said Carl Mansfield, General Manager and Founder of Sharp’s Energy Systems and Services Group.
As the costs of installing rooftop solar for residential and commercial customer’s decrease, the energy storage market is expected to see more growth in coming years. Companies are preparing for this growth by partnering with energy storage providers, like Sunrun’s BrightBox partnership with LG.
Partnerships between solar installers and battery storage manufacturers are increasing, particularly where demand rates are at their highest. For instance, Sunworks and Sharp expect to see an increase in rooftop solar and battery systems in California for projects where demand rates are more than $18 per kilowatt hour. Sunworks also will re-evaluate all of its commercial projects as potential targets for energy storage systems and will install the SmartStorage system where it’s advantageous to the customer.
“We are seeing the market move toward energy storage,” said Jim Nelson, CEO of Sunworks. “This is an opportunity to grow our business and provide our customers with a reliable, high performing, and high-quality storage solution that can deliver savings. We found that Sharp offered the best solution within the energy storage market and we plan to deploy the SmartStorage system to all of our commercial projects where the economics make sense.”
Solar installations coupled with battery systems are also being looked at as a way to improve power grid resiliency. For instance, Con Edison, Sunverge and SunPower have created a “virtual power plant” that adds battery systems to 300 New York homes with rooftop solar creating the largest residential distributed energy storage system in the US. That system is testing how batteries can integrate into the grid and their benefits.Tweet