Energy as a Service : Schneider Electric

#News(General) [ via IoTGroup ]

According to government data compiled by Bloomberg, the average annual retail price of power for the commercial sector in California has risen about 30% over the past decade to to 16.34 cents a a kilowatt hour in 2018.
“What no one’s done yet is productize a behind-the-meter solution for smaller companies that want to be carbon free,” Ubben said. The partnership between the company and the investors will use investor-backed financing to let companies install so-called “energy-as-a-service” pre-engineered clean microgrids without paying for all the costs associated with installing and maintaining the systems up front.

The new company, which will target 1 to 5 megawatt projects, will sell unused power to the grid.
Amid the coronavirus, U.S. microgrid installations have slowed to just 129 in the first half of this year, compared to a total of 546 self-contained systems that were installed in all of 2019, according to Wood Mackenzie. But the new distributed nature of work and increasing awareness of climate change could accelerate the desire for companies to control their own energy needs, Lagarrigue said.
“The notion of the electric grid as we know it is probably going to fade away,” he said. “You can now imagine a world in the future where every home, hospital, shopping mall is purchasing its own energy, storing it and eventually exchanging it with others.”

Read More..
Working BoT V3.199999999 Build 02 April 2020