GI Energy in the News: Con Edison Proposes New Energy Storage Business Model

Microgrid Knowledge has written an article on Con Edison’s proposed new Energy Storage Business Model, developed with GI Energy and  filed with New York’s Department of Public Service on January 20, 2017

‘Consolidated Edison wants to test out a new energy storage business model in a project planned with microgrid developer GI Energy at four customer sites.

The New York utility proposed the demonstration project in a Reforming the Energy Vision (REV) filing before the state Public Service Commission late last week (Case 14-M-0101).

The new model pays customers for hosting batteries through leases. It is designed to spare customers the confusion of navigating complex wholesale markets to make money from a battery. Instead, customers simply engage in a “real estate transaction that does not require an understanding of utility rates or tariffs,” Con Edison said in the filing. The proposition becomes about space rather than demand charges….’

For the full write up, please see ‘Con Edison Proposes New Energy Storage Business Model‘. To discuss any of the issues raised, please contact the GI Energy Team.

Please see also our blogs on Con Edison’s Demand Response Auction and its energy storage economics.

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