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SOURCE Green Charge Networks
Smart Grid Technology Company Discusses the Challenges and Solutions to Reducing Demand Charges
SANTA CLARA, Calif., Feb. 18, 2014 /PRNewswire/ -- Green Charge Networks, a leader in intelligent energy storage, has announced the launch of a new white paper, "The Next Energy Frontier: Power Efficiency." The white paper addresses the rising electricity cost facing America's businesses. The paper also examines the state of energy efficiency initiatives and what will be the next frontier in savings – Power Efficiency.
Green Charge Networks empowers commercial, retail, and industrial businesses to take control of the power side of their monthly electric bill. "Demand charges" based on the maximum throughput of energy consumed at peak during the billing period have skyrocketed for businesses, often making up 50% or more of the total bill. This cost could be moderated through intelligent energy storage and sophisticated software, giving rise to this new class of power efficiency solutions. Efficient distribution of energy not only helps businesses, but also delivers on the Smart Grid promise for utilities.
"Rising electric bills is a big part of a business' operating expense. Average energy pricing has held steady, but power demand pricing has been rising sharply," said Vic Shao, CEO at Green Charge Networks. "The goal of this white paper is to highlight the challenges in the energy efficiency industry and how software and energy storage can play a significant role by focusing on power (kW) instead of energy (kWh)."
Key topics in the Power Efficiency whitepaper include:
To download a complimentary copy of the white paper, please visit http://www.greenchargenet.com/power-efficiency-products/white-paper
About Green Charge Networks
Founded in 2009, Green Charge Networks is a leader in intelligent customer-sited energy storage. The company gives commercial and industrial customers control of rising demand rates on their monthly electric bills. Green Charge Networks' product complements solar PV, electric vehicle charging, and energy efficiency. The GreenStation™ was developed in partnership with leading utilities around the country, the U.S. Department of Energy, and Fortune 500 customers. GCN is headquartered in Santa Clara, CA with office in New York City. For more information, visit www.GreenChargeNet.com.
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