Battery Market Comes of Age

The video discusses the value proposition of energy storage, focusing on demand charge savings and grid stabilization. It highlights the business model's effectiveness in high power price areas and addresses regulatory challenges and battery cost trends. The impact of oil and gas prices on the business is also explored, emphasizing the role of virtual power plants in reducing peak gas plant reliance.

What is the primary benefit of energy storage for customers?

• Increasing energy consumption

• Lowering demand charges

• Enhancing building aesthetics

• Reducing lighting costs

How much can clients save on their energy bills without software engagement?

• 30-40%

• 20-30%

• 50-60%

• 10-15%

What is one of the main challenges for more states to adopt energy storage?

• Lack of interest

• High battery costs

• Regulatory hurdles

• Insufficient technology

What has been the trend in battery costs over the last 18 months?

• Remained the same

• Decreased by 75%

• Increased by 25%

• Increased by 50%

What is a virtual power plant?

• A solar panel installation

• A building that generates its own power

• A network of buildings acting as a power source

• A new type of gas plant

How are utilities reacting to energy storage solutions?

• They are ignoring them

• They see them as viable

• They are banning them

• They are confused by them

What is the role of Southern Cal Edison in energy storage?

• They have a small program

• They are against it

• They have a large offering

• They are undecided