Growing Adoption of Energy Storage “as-a-service” (ESaaS)
Energy-as-a-Service (EaaS) is emerging as an innovative approach for obtaining reliable power supply, predictability of pricing, and meeting sustainability goals.
There is a growing trend among commercial and industrial (C&I) energy users preferring energy storage “as-a-service” (ESaaS). In this type of case, typically, the energy storage provider and energy user enter into long or medium-term service agreements for receiving the energy services desired at a price point that is known and predictable. This kind of an arrangement is similar to a subscription model or like a power purchase agreement (PPA), or Energy Service Agreement (ESA) where the energy user pays a fee to the energy storage provider, who, in turn, commits to delivering reliable power, and significant energy savings to the customer.