Posted June 08, 2019 09:59:30A new energy-storage company in New York is launching a business that can power homes with a single-shot electrical power system, a breakthrough that could save millions of dollars in energy bills and energy costs, and reduce the environmental impacts associated with the process.
The Energy Storage Institute of New York (ESI NY) launched its Energy Efficiency Innovation Fund in January, aiming to help the company expand its business and build a nationwide network of energy-saving devices and equipment, which it plans to offer to homeowners and businesses in 2018.ESI has a goal of installing 500 of these “energy-efficient energy storage” systems by 2021.
Its New York affiliate, the New York City Energy Storage Network, says it’s the first company to build a fully functional “smart home energy management system” in the state, and it’s aiming to build another 100 in New Jersey by 2022.
“The goal is to bring energy storage to all of New Jersey,” said Kevin Dolan, CEO of the New Jersey affiliate.
“The goal of the system is to make the entire system more energy efficient, save energy and reduce environmental impacts.
And the technology is already here.”ESI New York was founded by New York-based startup company, Energy Storage International.
It has invested in some of the biggest companies in the energy storage market, including Tesla Motors, Nest, Home Depot and others.
The company has already partnered with Tesla to build its own battery storage for its homes, which will be used to power devices that are used to automate and monitor the thermostat, air conditioning and air-conditioning systems in the homes.ESPioneer, the startup company that is building the system, is looking to bring the technology to the consumer market, but not to the big residential installations like homes and offices.
“We are not focused on a residential application, we are focused on making this an electric vehicle-like system,” said Chris Bier, CEO and co-founder of ESI New Jersey.
“That’s what we want to make sure of is the end user is going to be able to be self-sufficient.”
Bier says his company is working with a number of companies to help build the network, including GE, GE Capital, GE Healthcare, General Electric and others, and that he expects the company to roll out the system to other cities in the next few years.ESL will offer its service at home and in commercial buildings, with a goal to eventually bring it to other buildings as well.
The system uses a variety of batteries, which can store energy in a variety forms, including solar cells, wind, and batteries from natural gas, nuclear, hydro, nuclear-generated electricity, solar, and more.ESLI NY’s products can be purchased at the energy company’s New York headquarters.ESXi NY will also offer the energy management systems to homes that are not connected to the grid, and will be able install them in buildings and commercial buildings with no central control, Bier said.
The technology is expected to save energy, save money, and lower environmental impact, Biest said.ESliy New York will offer the system as an alternative to installing a new utility-scale power grid or the new power generation infrastructure that has been developed for wind and solar.
“It’s just another way to save money,” said Dolan.
“It is a very efficient way to do it.
There is no more cost of energy in energy storage.
There’s no more carbon emissions.
There are no more toxic chemicals.
It’s a zero-emissions system.”
Biederman said that ESLI NY has the resources to make this work, but it’s still in its infancy.
The company is still in discussions with suppliers, which could include other companies, he said.
“You have to build it.
You have to get it done,” Biederman added.
“We have to figure out how we are going to do this, how do we make it work, and we have to be patient and wait for a lot of partners.”