July 2021 - Quarterly Market Letter
On behalf of the team at 5, I am pleased to forward our market letter for the second quarter of...
Batteries and fuel cells are gaining more mainstream attention as clients focus more on decarbonization, resiliency, peak load management, new revenue sources, and creative cost reduction techniques. Batteries allow for the storage of energy when energy prices are attractive or when excess generation exists. Batteries have traditionally been deployed to maintain power quality and reliability in data centers or other critical loads. As battery technology and cost have improved, these systems are increasingly being deployed for economic benefit by either capturing excess solar power generation or shifting on-peak demand to lower priced time periods. Fuel cells work like batteries, but they do not run down or need recharging. Instead, fuel cells produce electricity and heat as long as their electrochemical fuel is supplied.
When evaluating battery storage and fuel cells for clients, 5 takes the time to analyze the client’s historical energy usage, review the details of their operational needs and constraints, and perform a deep dive into their sustainability and resiliency goals. Once a strategy is established, 5 assists the client with proposal reviews and vendor selection to complete the implementation, as well as applications for potential state incentives or federal tax credits. 5 also helps the client with the necessary financial modeling on the front end of the project and the ongoing review and accountability of the asset over time.
Contact Us to learn more about available battery storage and fuel cell options for your business.