C&I battery storage systems utilize batteries to store surplus energy produced from renewable sources or during times when utility prices are low. They are usually installed near buildings that have high electricity consumption and require stable power supply, such as shopping malls, hotels, and manufacturing factories.
Battery storage systems offer stable and secure energy supply. Economically, these systems help businesses avoid costly peak loads and profit from time-of-use arbitrage. Also, combining with renewable energy generation, commercial storage solutions can create microgrids to further increase the business' power independence and environmental sustainability.
Kortrong Energy Storage, recognized as the "Annual Star Enterprise for C&I Energy Storage Integrated Solutions", is devoted to help C&I owners to select the financing approach that best aligns with their storage needs and financial preferences.
In the Direct Purchasing model, C&I business owners take the initiative to invest in the energy storage equipment, utilizing the stored electrical energy for their daily production activities. As a result, electricity costs are lowered, and profits are generated through peak shaving. By regularly paying maintenance fees, users receive the necessary operational and technical services to ensure the smooth operation of the energy storage equipment.
The benefits of direct purchasing include:
Long-Term Cost Savings: Purchasing a battery storage system upfront may be more cost-effective in the long run. While the initial investment is higher, you avoid ongoing rental payments, potentially saving money over the system's lifetime.
Full Ownership and Control: Purchasing gives you full ownership and control of the battery storage system. You have the flexibility to make decisions about how the system is used.
Return on Investment: Purchasing allows you to capture the full return on investment over time. Any energy savings or revenue generated from the system directly benefit you as the owner.
Customization: When you own the system, you have more flexibility to customize it according to your specific needs.
Under this model, owners pay a fixed rental fee while the manufacturer provides the equipment and maintenance services. Owners can receive the benefits generated by the energy storage system and have the option to return the equipment at the end of the lease or make a purchase offer.
Leasing may be a more suitable option for some businesses due to:
Lower Initial Costs: Leasing typically involves lower upfront costs compared to purchasing. This can be appealing for those who may not have the capital for a significant initial investment.
Flexibility: Leasing provides flexibility, allowing you to adapt to changing energy needs. If your requirements evolve or if you plan to use the battery storage for a shorter period, leasing might be a more practical choice.
In the Energy Management Contract (EMC) model, renewable energy developers purchase energy storage facilities and offer them to C&I business owners in the form of energy services.
Advantages:
Minimized Duties: In this case, the C&I business owners' duties are minimized — they basically only need to provide the venue, while still enjoying the benefits of peak-valley arbitrage and off-grid power supply.
Shared Benefits: The developers and the owner share the benefits derived from energy storage based on predetermined terms.
Introducing a finance lease provider (lessor) into the Energy Management Contract helps alleviate financial pressures for both C&I business owners and renewable energy developers. Within this model, the developer is responsible for engineering, procurement, construction (EPC) and operation, while the lessor retains ownership of the energy storage assets. The C&I business owner, on the other hand, enjoys the right to use the equipment, with a portion of the energy storage benefits allocated towards repayment.
Kortrong not only manufactures battery storage systems, but also provides one-stop solutions by bringing together finance lessors, developers and EPC professionals. Our modular KorONE 233 ESS and 466 ESS leverage industry-leading LFP batteries and cold-plate cooling for high safety and efficiency. KorONE 100 PV+Storage Hybrid ESS, with a storage capacity of 100kWh, features an integrated hybrid inverter, allowing direct connection to solar PV panels without the need for a separate inverter.
