September 23, 2019
Energy Storage as a Service Part of Generation Evolution
Article from POWER
Two companies who recently announced they are creating what they consider North America’s largest behind-the-meter (BTM) deployment of energy storage technology have said they plan to expand the service, providing a long-term solution for controlling costs and promoting energy sustainability for businesses.
Executives of the two companies—Honeywell and NRStor C&I—told POWER in a Sept. 23 interview at North America Smart Energy Week (NASEW) in Salt Lake City, Utah, that they see the market for their service expanding as power generation continues to become more decentralized.
The Honeywell-NRStor collaboration is one of several distributed power generation projects being highlighted at NASEW this week, for both energy storage and solar power. More than 700 companies are showcasing their products and services.
NRStor and Honeywell on Sept. 20 announced the launch of their Experion Energy Program, offering energy storage as a service to commercial and industrial customers. NRStor and Honeywell plan to develop and operate 300 MW of battery energy storage systems (BESS) in the U.S. and Canada starting early next year. The companies said they would operate the systems remotely and “provide customers with electricity cost savings, improved sustainability and resiliency.”