""We own and operate all the batteries," says Haven CEO Vinnie Campo. (The company focuses on batteries, but also installs and owns connected rooftop solar panels at some homes.) "We're then able to provide to the utility a fixed dispatch or fixed capacity from those batteries. They can almost think of it as building a mini power plant exactly where they need it.""
""The grid is mostly underutilized- it's in the 30-40% range on a given day. Batteries are the most important part of the missing piece here, which is how you can absorb as much energy in the middle of the day when it's being produced but not used, and shift that to later periods in the evening when you have a lot of electric demand coming online.""
"In some cases, thanks to state funding, low-income homeowners can get the systems installed at no cost, and then start saving on their electric bills and have access to backup power if the grid goes down. Others pay a subscription that's lower than their previous electric bill. Then the startup, called Haven, manages the flow of power back to the grid."
Haven installs and owns home batteries and some rooftop solar and coordinates them with utilities to relieve localized grid stress. The company identifies overloaded substations and constrained feeder lines, then partners with homeowners in targeted areas for installations. Low-income homeowners can receive systems at no cost through state funding, while other customers subscribe to plans that lower their electricity bills and provide backup power. Haven manages battery dispatch and aggregates distributed storage into a controllable resource that shifts midday generation to evening demand, supplying capacity more quickly than building new centralized power plants.
Read at Fast Company
Unable to calculate read time
Collection
[
|
...
]