Rising electricity costs are a significant challenge for businesses and companies, but smart battery storage combined with AI-driven optimisation and wholesale energy pricing offers a game-changing solution. By storing energy when prices are low and using or selling it when prices are high, businesses can cut costs, increase efficiency, and boost profitability.
How Smart Battery Storage Helps Businesses Save on Energy Costs
A commercial battery storage system stores excess solar energy or low-cost grid power and releases it during peak demand. This helps businesses:
- Avoid expensive peak-hour electricity rates
- Reduce reliance on the grid and lower operational costs. Monetise excess energy by selling it back to the market.
- Ensure power reliability and prevent losses from outages
Businesseoptimisetimise battery usage by integrating AI-powered software like Redx AI, ensuring they get the best financial return on stored energy.
The Role of AI in Smart Battery Optimisation
AI-driven energy management software takes battery storage to the next level by:
🔹 Predicting electricity prices analyses historical and real-time energy prices to determine the best times to buy, store, and sell power.
🔹 Automating energy transactions – AI ensures businesses always use the cheapest available power source.
🔹 Preventing energy waste – The system prevents unnecessary exports during negative pricing. Optimising demand response – AI adjusts real-time battery usage to exploit market fluctuations.
This automated optimisation leads to higher cost savings and revenue generation.
Unlocking Savings with Wholesale Energy Pricing
Traditional retail energy plans charge companies a fixed rate, often at higher prices. But with wholesale electricity pricing (like Localvolts), companies can:
✅ Buy energy at lower wholesale rates
✅ Store power when prices are lowest
✅ Use or sell energy when prices peak
Real-World Example – Wholesale vs. Fixed Pricing
| Strategy | Fixed Retail Plan | Wholesale + Smart Battery Plan |
|---|---|---|
| Energy Cost per kWh | $0.28 | $0.10 (off-peak), $0.40 (peak) |
| Battery Usage | No battery | Stores at $0.10, export at $0.40 |
| Monthly Savings | $0 | Up to 90% reduction in energy costs |
This pricing strategy, smart battery storage, and AI automation can significantly reduce commercial users’ costs.
Actual Savings – How Smart Battery Storage Pays Off
Businesses using AI-powered battery storage and wholesale energy pricing have seen up to 90% savings on electricity costs. The key benefits include:
✔️ Peak-hour cost reduction – Use stored power instead of expensive peak-rate electricity.
✔️ Revenue generation – Sell stored energy to the grid at high prices.
✔️ Increased energy efficiency – Reduce grid dependence and lower overall energy bills.
✔️ Sustainability & carbon footprint reduction – Support clean energy use.
How to Get Started with Smart Battery Storage for Your Company
📌 Step 1: Assess Your Energy Analysenalyze your business’s energy consumption patterns and identify cost-saving opportunities.
📌 Step 2: Install a Smart Battery System
Choose a high-capacity battery storage system that fits your business’s power demands.
📌 Step 3: Integrate AI Energy Management Software
AI automates energy transactions, ensuring maximum efficiency and savings.
📌 Step 4: Switch to Wholesale Energy Pricing
Work with a wholesale electricity retailer to unlock low-cost energy purchasing.
📌 Step 5: MonitoOptimisetimize
Use real-time data analytics to track performance and refine strategies for continuous savings.
FAQs – Your Questions Answered
1. How much can my business save with smart battery storage?
Savings vary depending on energy use, but businesses typically reduce energy costs by 50–90% by combining battery storage, AI, and wholesale pricing.
2. What is wholesale electricity pricing, and how does it work?
Wholesale pricing allows businesses to buy electricity at market rates, which fluctuate daily. AI ensures energy is purchased and stored at the lowest prices.
3. Can AI software really optimise battery usage?
Yes! AI predicts market trends, automates energy transactions, and prevents waste, ensuring you always get the best energy value.
4. Is battery storage worth the investment?
Absolutely! The return on investment (ROI) comes from lower energy costs, demand charge reductions, and the ability to sell excess power back to the grid.
5. How do I get started with smart battery storage?
Visit this page to explore how our intelligent energy solutions can help your business save on electricity costs.