Show Menu
Cheatography

Smart Grid Initiative: Financial Benefits Cheat Sheet (DRAFT) by [deleted]

Smart Grid Initiative: Financial Benefits

This is a draft cheat sheet. It is a work in progress and is not finished yet.

Introd­uction

Existing demand response initatives typically reward buildings that can shed loads or switch to stored energy during peak demand. Buildings with favorable GridOp­timal ratings would immedi­ately establish themselves as being ready and eager to partic­ipate in this kind of program.

But you don’t have to wait for GridOp­timal to establish your building as demand respon­se-­ready. In fact, the sooner you embrace smart grid techno­logy, the more resilient and efficient your building will be.

These techno­logies will both prepare you for becoming grid-i­nte­ractive and save you money (and headaches) in the meantime:

Current Benefits

Reduced peak demand charges from drawing on energy storage, resulting in a direct savings on your utility bills starting immedi­ately
Reduced energy consum­ption from the use of renewa­bles, stored energy and efficient building systems
Avoided overch­arges from more accurate smart meters
Increased resilience and avoiding the costs of power interr­uption during peak demand periods, storms and other common causes of outages

Grid-i­nte­ractive Techno­logies

Battery storage that buildings can draw from during peak demand times, allowing the building to avoid costly demand charges
Thermal energy storage that can supplement mechanical heating and cooling
Smart electric vehicle charging
Smart controls and applia­nces, such as grid-i­nte­ractive water heaters, progra­mmable thermo­stats and controls for high-t­hermal mass buildings
Passive HVAC and lighting systems to lower the building’s energy demand
Renewable energy generation to constantly top up the energy storage and supplement grid electr­icity
Peak load management
Smart metering that enables buildings and the utility to commun­icate back and forth