Battery Storage Payback Takes Only a Few Years in PJM, S&C Finds
After four months, a battery pilot at S&C Electric Company’s Smart Grid Solutions Demonstration Center in Chicago has earned nearly $7,000. When extrapolated to a larger scale, that means the technology could pay for itself in as little as two to three years.
A 1-megawatt storage system that costs about $1 million would pay back in just a few years by participating in PJM’s frequency regulation market, according to Troy Miller, business development and marketing manager for S&C’s power quality products division.
