How to keep your electricity bill down for 2019
Reuters – US energy management company Vivint Energy Management Inc (VIM.
O) is taking another stab at its energy storage project, this time to help customers with a price tag that’s $10 per kilowatt-hour (kWh).
The Palo Alto, California-based company on Wednesday unveiled its $10-per-kWh energy storage solution, called Vivint Grid, and announced a number of milestones in the process.
Vivint Grid is designed to be used for storage in homes and businesses with a total installed capacity of 10 megawatts or more.
The company said it’s the first energy storage system to be designed for residential use.VIM says it’s also working with energy conservation agencies to ensure that the system can meet the energy needs of homeowners and businesses.VIVINT Grid will include solar, wind, geothermal, geosolar and other renewable energy sources, the company said in a statement.VILGA VELICI, Vivint spokesman, said the company has already secured financing from the US Energy Department and is working to secure contracts for additional capital.
The project will be built in the U.S. and will provide more than 40 megawatts of energy storage, VELICA VELICH, a spokeswoman for the DOE’s Office of Energy Efficiency and Renewable Energy, said in an email.
The Vivint grid will be able to capture electricity from the grid and store it as electricity at rest in the grid, VIGIA VELICO, a Vivint spokeswoman, said.VIGIA LANDIN, a spokesperson for the National Renewable Credit Union Administration, said Vivint plans to build and install more than 50,000 of the grid-connected devices in the first year.