Energy Toolbase Quantifies Energy Storage Savings

[Los Angeles] Energy Toolbase has released a major software update to enhance the platform’s energy storage modeling capabilities. The new release allows developers and service providers to quantify savings transparently in residential and commercial behind-the-meter energy storage applications, markets that analysts expect to grow rapidly in the next few years. Users can evaluate different combinations of distributed energy resources, storage system hardware, software control strategies, resource utilization restrictions, customer load profiles and utility rate assumptions. This objective third-party design approach empowers developers to identify the best customers, technologies and use cases for energy storage deployments. Since Energy Toolbase’s initial release in 2014, more than 1,000 organizations in the US have adopted it and now use the software-as-a-service platform to perform utility rate and avoided cost analyses for solar and energy storage projects.

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