GridBeyond released a free online tool to enable commercial and industrial (C&I) businesses to understand how much money they could possibly earn and save through demand response and energy optimization services — without having to submit to a full audit. This Energy Opportunity Calculator draws on GridBeyond’s extensive experience in the energy markets and engineering knowledge of site assets and inherent flexibility.
“We found that, from an end user’s perspective, the visibility of a site’s value in the energy markets is often clouded,” Michael Phelan, CEO & Co-Founder of GridBeyond. “Service providers talk extensively about value per MW, but don’t necessarily have the knowledge of application to ascertain the amount of flexibility actually available within particular industries and the breadth of services both within and outside of demand response.”
How it works
- Energy users simply enter three pieces of information: location, industry and electricity consumption (in MW, kWh, MWh or electricity spend), and the output is the financial benefits their site could gain access to.
- The result is split into two sections, revenues and savings, and uses the typical percentage of flexibility for the user’s industry, the typical services and programs available to that industry, and the values of those programs to generate the results.
- The revenues are based upon demand response and other network opportunities, while the savings are based upon typical energy efficiencies, trading and price optimization opportunities, as well as the operational efficiencies that can be attained.
- The user can then download a bespoke, personalized report containing further detail on their results, with additional information on the services they can participate in, the assets typically found in their industry, and an overview of their market.
“This tool does not negate the need for a full audit by any stretch,” Phelan says. “We understand there are nuances and differences from site to site, however we also understand the value to our prospective clients in learning what they could earn and save. It’s a tool to start conversations within businesses based on our own benchmarking from years of working within energy management and demand response for industrial and commercial sites.”
— Solar Builder magazine