Storing energy the cool way
What is the only form of energy that's price has remained relatively stable for the past 40 years? The answer: Off-peak electricity, CALMAC CEO Mark MacCracken told AOL Energy in a recent interview. CALMAC is a thermal energy storage company that
uses off-peak electricity to freeze ice overnight. During the day, the power is gradually released to replace air conditioning which generally draws power from the grid during peak and most expensive electricity demand hours. MacCracken has been working at CALMAC since 1976, when the company was involved in both solar and energy storage systems. But when various government rebate programs expired and the solar industry lagged, the company decided to focus on an energy supply that was not dependent on passing government whims. The dramatically lower prices of nighttime, as compared with daytime, electricity have been consistent for decades, MacCracken said. He speculates that even with mass adoption of electric vehicles, many of which will be charged at night, nighttime prices will never reach daytime prices. And considering the increasing wind developments, some of which are already taking negative prices at night in Texas, nighttime power costs might even drop in the coming years, even as gas, oil and peak electricity prices rise, he said. But, he said, it is often hard to convince customers that the IceBank systems are worth it because they appear to draw more electricity than conventional air conditioners. The numbers aren't lying, he said, but because power is so much cheaper at night, utilities and customers end up saving much more power by shifting air conditioning load to the nighttime. The same is true for refrigerators, which he said some companies are trying to convert to nighttime defrosting. A refrigerator with an internal clock that times defrosting for the night may draw a tiny percentage more of power, but the long term savings for utilities and customers are much more significant, he said. "Certain people don't see it as energy savings," MacCracken said. He said customers don't realize that power isn't created at their outlet but at a power plant far away. Changing the mindset about energy is key, he said. AOL Energy provides access to news, analysis, thought leadership and discussions about the top stories in the electricity sector today. Participants in AOL Energy stay ahead of breaking news, participate in high-profile events and enjoy access to the central hub of the industry community as it transforms in response to fast-moving changes in energy politics and regulation, deals with financial challenges and leads technological advances. |
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