Photo courtesy of Shutterstock
As an increasing number of states move to electrify transportation, utilities are facing both stresses and opportunities. Consumers, accustomed to the ease of conventional cars, want the same from electric vehicles — which means that charging must become cheaper and easier. Yet the high price-point of installing and using certain types of charging infrastructure continue to prove a barrier to more widespread EV adoption. That’s where battery storage comes in: on-site batteries can charge off-peak, store the power, and discharge to cars without taking more power from the grid. This will help mitigate the dreaded demand charge, which can an range from $2 per kilowatt all the way to $90 per kW. And, if more than one car needs to charge at a time, one vehicle can charge from the battery while the other pulls electricity from the grid. Analyssi from consulting group McKinsey shows that batteries could reduce demand charges by a full 73 percent, leveling-out load peaks in the process and further enhancing the affordability of charging stations.
Click HERE to read the full article.