Purchase from manufacturers or suppliers
Businesses can directly purchase batteries from manufacturers or authorised suppliers. This approach provides flexibility in choosing the specific battery type, capacity and features that align with the business' requirements.
Energy storage companies
There are companies that specialise in providing energy storage solutions to businesses. These companies often offer turnkey solutions, including battery systems, installation, maintenance and monitoring services.
Leasing and rental agreements
Businesses can enter into leasing or rental agreements with battery providers. In these arrangements, the business pays a regular fee to use the battery system without the upfront cost of purchasing. Leasing can be beneficial for businesses that want to avoid significant initial investment or want to upgrade technology as it evolves.
Power Purchase Agreements (PPAs)
Some businesses partner with energy companies that offer Power Purchase Agreements. In this scenario, the energy company installs and owns the battery system on the business' premises and the business agrees to purchase the stored energy at a predetermined rate. This can be an attractive option for businesses that want to benefit from energy savings without owning or maintaining the battery system.
Government incentives and grants
Depending on the region and industry, there might be government incentives, grants, or subsidies available to support businesses in adopting battery technology. These incentives can significantly reduce the initial cost of acquiring and installing battery systems.
Partnerships with energy providers
Some energy utilities or providers offer programs that allow businesses to participate in grid services using their battery systems. This can include demand response programs, where businesses provide excess energy back to the grid during peak demand times in exchange for compensation or reduced energy costs.
Custom financing options
Some battery manufacturers or suppliers offer custom financing options that allow businesses to spread out the cost of acquiring batteries over time. These financing arrangements can make it easier for businesses to manage their budgets.
Joint ventures or collaborations
Businesses can collaborate with other companies or entities to jointly invest in and share the benefits of battery systems. This approach can be particularly useful for large-scale energy storage projects.
Industry associations and networks
Some industry associations or networks might offer access to battery systems as part of collective initiatives to promote sustainable energy practices among member businesses.
