Energy Storage

Reduce costs, earn incentive payments, and improve resilience with on-site energy storage and distributed energy resources.

What Is Energy Storage?

Flexibility In When and How You Use Energy

Faced with rising electricity costs, organizations need to think strategically about managing their current and future exposure to the grid. Time-based energy and capacity costs can account for as much as 85% of total electricity spend in some markets. Integrating energy storage can enable organizations to control when and how they use power to significantly reduce their utility bill.

Lithium-ion batteries and other forms of energy storage allow organizations to store and consume low-cost electricity to help organizations reduce time-based energy and capacity costs. Enel North America leverages our extensive market access and expertise to further unlock value for organizations – enabling them to earn payments through demand response and other energy market programs.

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How It Works

How Does Energy Storage Work?

Energy storage delivers economic value by enabling a facility to charge from the grid when prices are cheapest and use that low-cost electricity later when prices are higher. By leveraging intelligent software to operate your energy storage assets, you can unlock additional value with bill savings, incentive payments, new revenue streams from grid operators, utilities and more. 

Enel’s intelligent optimization software maximizes the financial performance of energy storage, using advanced machine learning techniques to learn your facility’s energy needs. We automatically charge and discharge your energy storage assets at the optimal times to deliver the highest financial return possible.

Benefits

The Value of Energy Storage

Unlock Energy Cost Savings

Reduce energy spend and save on operational costs by leveraging our intelligent optimization software.

Meet Your Decarbonization Goals

Advance Scope 2 emissions reduction targets by choosing low-carbon energy sources to power your operations.

Reduce Upfront Costs

Leverage our hybrid Power Purchase Agreement (PPA) to reduce upfront costs to zero.

Mitigate Tariff Rate Increases

Leverage our hybrid PPA to lock in a fixed energy rate for a large portion of your energy usage.

Align Your Decarbonization Strategies

Partner with one energy company to ensure alignment and optimization across your distributed energy assets.

Leverage Unprecedented Funding

Capitalize on the Inflation Reduction Act of 2022 and other incentives by acting now to implement on-site renewable energy solutions.

Why Enel North America

We Are Your Partner for Energy Storage

Leveraging our 20+ years of experience in demand response and energy market participation, we offer the best market and development expertise to help customers capitalize on the full stacked value of energy storage. We can help you layer on value streams by understanding the participation rules of market-operator and utility-based programs and recommending a co-optimized asset dispatch.

Enel’s proprietary operating platform utilizes market-based pricing signals and manages the operation of storage assets to maximize value for the asset owner. Unlike other providers that design dispatch algorithms for peak shaving only, our storage software is designed to optimize multiple value streams simultaneously – already supporting global markets across the United States, Canada, Europe, and Australia. 

As a part of The Enel Group, Enel North America has the backing of more than $100 billion in annual revenue, more than $8 billion in cash on the balance sheet, and an investment grade credit rating of BBB+ from Fitch for our parent company. Our scale in the energy industry combined with our financial strength enable us to navigate the uncertain supply chain environment, identify the best available hardware solutions, and secure best-in-class terms.

Enel North America provides decarbonization solutions and long-term sustainability partnerships that are tailored to your specific needs. Our strong financial profile enables us to offer flexible financing options to access on-site energy storage assets with a tailored approach to risk exposure – and customized commercial terms can be optimized to suit market needs, even during periods of economic uncertainty.

Our robust Regulatory and Governmental Affairs group has been instrumental in defining regulations and advocating for policy to encourage and incentivize the adoption of advanced energy solutions across North America. As members of various organizations and regulatory bodies, we influence policy decisions that impact our customers, allowing us to capitalize on savings and revenue opportunities for our customers while understanding potential regulatory risks.

Related Products

Learn more about advancing your energy strategy with energy storage